Kansas banks and savings and loans saw a marked improvement in financial performance in the third quarter, according to the Federal Deposit Insurance Corp.' s Quarterly Banking Profile.
The profile, released today, shows that the aggregate pre-tax return on assets for Kansas institutions was 0.56 percent compared to 0.31 percent in the third quarter 2009.
Pre-tax ROA shows how much money a bank earns before taxes for each $100 it has in assets.
Aggregate net income was $188 million in the third quarter, up nearly 57 percent from $120 million in the same period a year ago.
But the nonperforming loans-to-assets ratio was up slightly from a year ago, from 2.91 percent to 3.09 percent.