ABA Banking Journal Competitiveness Survey 2008 - (Page S10) >Does your bank offer Remote Deposit Capture? Plan to in 2009+ 3% (8.7%) Average time offering RDC is 9.7 months. BY ASSET SIZE YES Exhibit 21 Under $100 million $101-200 million $201 million-up BY TYPE OF BANK 17% 31.1 56.8 YES Yes 37.5% (16.3%) Plan to in 2008 24.5% (33.3%) No 34.9% (41.7%) Business Commercial real estate General community Farm Consumer Mutual REGIONAL TREND YES 60.7% 54.5 31.9 22.9 8.2 24.7 40% of banks under $500 million have no plans for RDC. Percentages in parentheses reflect 2007 survey report. Southeast West Northeast Central Southwest Midwest 48.2% 44.3 43.1 38.8 34.9 25.8 Exhibit 22 >Which part of your bank “owns” remote deposit capture? Other 8.6% TREASURY/ CASH MGT. SMALL BUS. BANKING DEPOSIT FUNCTION BY TYPE OF BANK Business Farm Commercial R.E. General Community Consumer 32% 23.1 37.5 22 25 24% 15.4 28.1 23.1 75 36% 53.8 28.1 45.1 0 Small business banking 24.5% Treasury/Cash Management 27.7% Deposit function 39.1% Exhibit 24 >Why did your bank decide to offer remote deposit capture?* Exhibit 26 This was the leading reason for banks over $1 billion. BY ASSET SIZE TREASURY/ CASH MGT. SMALL BUS. BANKING DEPOSIT FUNCTION Exhibit 24 Under $500 million Exhibit 25 20.5% $501-$999 million 33.3 $1 billion-up 59.3 25.8% 23.8 18.5 43.7% 35.7 18.5 32.3% 27% 14.8% 9.5% 6.3% 9.5% “We saw it as an essential survival strategy” “We like to be on tech’s leading edge” “Competitors started offering it” “Customers were asking for it” “We saw it as a way to cut processing costs” Other Exhibit 23 >Does your bank reach outside your regular market for remote capture business? This was more common among banks under $500 million, possibly reflecting their typically smaller markets. *Institutions were asked to choose a single main reason. Yes 55.8% >If yes, where? BY ASSET SIZE YES No 44.2% In-state only 51.5% Both 43.1% Under $500 million 37.9% $501-999 million 57.1 $1 billion-up 57.1 Out-of-state only 5.4% S10 MARCH 2008/ABA BANKING JOURNAL Competitiveness Survey 2008
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