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August 21, 2007 at 10:44 AM
Community banks and credit unions were more productive at generating brokerage revenue during the second quarter than bigger banks were.
Community financial institutions averaged $627 in brokerage revenue per $1 million in retail deposits during the quarter, while banks with more than $4 billion in assets averaged $559 in brokerage revenue per $1 million in retail deposits, according to Kehrer-LIMRA, a unit of LIMRA International, Windsor, Conn.
Community institutions were more productive than big banks at generating brokerage revenue for the second quarter in a row, Kehrer-LIMRA says.
Small bank revenue penetration was up 42% from the average of $442 per $1 million in deposits for the second quarter of 2006.
