Banks in the 10th Federal Reserve District got healthier in the first quarter, according to a report by the Federal Reserve Bank of Kansas City.
District earnings as a percentage of assets were at 1.13 percent, their highest level since 2008, but only slightly higher than 1.1 percent achieved during the first quarter of 2012.
Earnings were helped by loan loss provisions as a percentage of assets dropping to 0.15 percent, the lowest in the past several years.
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