NU Online News Service, March 9, 2005, 12:25 p.m. EST
Among large thrifts in the U.S., Guaranty Bank, Dallas, showed the highest investment income in 2004 as a percent of bank deposits, a new report says.[@@]
Guaranty had 2004 investment income of $23.6 million on a deposit base of around $9 billion, for a ratio of 0.26%, according to a study of data from the Office of Thrift Supervision by the Bank Insurance Market Research Group, Mamaroneck, N.Y. That was the highest among thrifts with more than $200 million in deposits.
The study defined investment income as revenue from the sale and servicing of mutual funds and annuities.