Q1 2022 Bank Executive Business Outlook Survey

January 1, 2022

Bankers are becoming increasingly concerned about funding, deposit competition, and the state of the economy overall.

In IntraFi Network's first quarter survey of 422 bank executives, 46% of respondents predict the economic conditions for banks will worsen over the next 12 months, a significant jump of 32 points from a year earlier. This rising level of pessimism is clear throughout the survey. A majority of respondents (60%) expect competition for deposits to grow - a 32-point increase since the first quarter of 2021.

The percentage of bank executives who experienced higher funding costs more than tripled from the end of 2021 to the first quarter of 2022. And 82% of bankers predict funding costs will rise over the coming year.

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Deposit placement through an IntraFi service is subject to the terms, conditions, and disclosures in applicable agreements. Deposits that are placed through an IntraFi service at FDIC-insured banks in IntraFi’s network are eligible for FDIC deposit insurance coverage at the network banks. The depositor may exclude banks from eligibility to receive its funds. To meet the conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi’s network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA before settlement for deposits or after settlement for withdrawals or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through an IntraFi service satisfies any restrictions on its deposits.