[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-325749-105":59,"doc-detail-325749-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","is-the-thrift-performance-gap-widening-evidence-from-ohio","Is the Thrift Performance Gap Widening? - Evidence from Ohio","","The study examines whether performance differences among U.S. thrifts were widening, focusing on Ohio thrifts operating continuously from 1983 to 1987. It finds that overall losses are misleading because many thrifts remained profitable while unprofitable ones drove the industry results. By comparing the best and worst performers using return on assets and decomposing earnings into interest and noninterest components, the analysis shows the gap increasingly widens mainly due to noninterest margin disparities. The research links balance sheet differences to revenue and expense behavior.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/is-the-thrift-performance-gap-widening-evidence-from-ohio/325749/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/is-the-thrift-performance-gap-widening-evidence-from-ohio/325749.png","ImageObject",300,407,{"name":92,"@type":93},"Riley","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-23","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":34},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What period and data does the study use to compare thrift performance?","Question",{"text":112,"@type":113},"It examines best and worst thrifts that operated continuously in Ohio between 1983 and 1987. Performance is measured by average return on assets using five years of earnings to classify top and bottom 20% performers.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"Why are the reported industry losses described as misleading?",{"text":117,"@type":113},"Because many thrifts were profitable overall, while only the unprofitable segment incurred large losses that dragged down the industry totals.",{"name":119,"@type":110,"acceptedAnswer":120},"What explains the widening performance gap between the best and worst thrifts?",{"text":121,"@type":113},"The charts indicate the disparity is largely attributed to differences in noninterest margins rather than net interest margin differences, alongside ongoing losses concentrated in the bottom segment.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},325749,1790087703,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":34,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":24,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":143,"read_time":144,"preview_page_count":4},1374391975076,"https://ap-avatar.wpscdn.com/avatar/14000253ca4ec9f6853?x-image-process=image/resize,m_fixed,w_180,h_180&k=1783305029341752051","by Paul R.Watro  \nThe sving and loan(hif)industry reported a record loss of $6.8 bil-lion in 1987,followed by a $3.8 billion loss for the first quarter in 1988These losses are misleading,how-ever,because they do not reflect thegood performance of many thrifts  \nFor example,over two-thirds of thenation's more than 3,100 thrifts wereprofitable last year with total earningsof $6.6 billion.Unprofitable thrifts,however,lost $13.4 billion in 1987,dragging down the industry's overallperformance  \nA major reason for the large losses isthat regulators continue to allowmany insolvent thrifts to remain openbecause the federal insurance agency一the Federal Savings and Loan Insur-ance Corporation(FSLIC)—does nothave adequate resources to closethem.¹As a result,over 500 insolventthrifts continued operations in 1987,hurting the industry in general.  \nRecord losses in the unprofitablesegment of the industry have sparkedgrowing concern about what is beingcalled the \"thrift crisis.\"The crisis,which began in the early 1980s,is notnew but the underlying problemcausing it has changed.Today's crisisstems from poor-quality assets,whe-reas in the early 1980s it was due tohigh interest rates.2  \nSince the end of the recession in1982,interest rates have fallen sub-  \n# Is the Thrift Performance GapWidening?Evidence from Ohio\n\nstantially,the economy has recovered,and the thrift industry has beenderegulated.These developmentsgave thrifts promising opportunitiesto counteract interest-rate problemsand to improve their precariousfinancial condition.  \nThrifts have reacted differently to theregulatory and economic changes.Some placed greater emphasis ongrowth and were less cautious aboutrisk-taking and expenses.Others weremore risk-averse and focused onimproving profit margins throughcost containment and traditionalmortgage lending.  \n# ■ Performance Gap\n\nTo illustrate contrasting thrift perfor-mance,we examined the best andworst thrifts that operated continu-ously in Ohio between 1983 and1987.3 Performance was measured bythe average return on assets.Basedon five years of earnings,we classi-ied the thrifts that ranked in the top20 percent as the best performers andthose in the bottom 20 percent as theworst performers.Each group in ourstudy contained 38 thrifts.  \nThe worst performers had much largerassets and experienced less growththan the best performers.Averageassets at the worst thrifts were $360million,nearly twice as large as assetsat the best thrifts.Over the last fiveyears,asset growth at the worst thriftsaveraged4 percent annually,comparedto 15 percent for the best thrifts.4  \nAugust 15,1988  \nIn examining thrift performance,theauthor discusses the differences inthe earnings of the best and worstthrifts in Ohio and shows that thehealthy thrifts are getting better andthe sick thrifts are getting worse.  \nChart 1 shows that the earnings gapbetween the best and worst thrifts haswidened substantially since the early1980s.The expanding disparity is duenot only to the dramatic improve.ment of the top performers,but alsoto the continued losses incurred bythe bottom segment of the industry.In fact,the poor performers sufferedtheir largest losses in 1987 when theyrecorded average losses amounting to1 percent of assets.At year-end 1987,nearly one-half of the 38 poor per-formers were insolvent and theiraverage net worth as a percentage ofassets was-0.4 percent,down from  \n1.7 percent at year-end 1983.  \nBy separating earnings into twocomponents—interest and noninterest—one can see in charts 2 and 3 thatthe increasing earnings disparityislargely attributed to differences in  \nnoninterest margins rather than tointerest margin differences.Thebreakdown also allows us to link bal-ance sheet differences to revenue andexpense differences between the bestand worst thrifts.  \n■ Net Interest MarginThe net interest margin is the differ-ence between interest income andinterest expense as a percentage ofaverage assets.This measure indicateshow well interest-earning liabilit","cbCaidy1xV1NBM8U","https://ap.wps.com/l/cbCaidy1xV1NBM8U","pdf",1261483,"English","# Performance Gap\n## Best vs worst thrifts in Ohio (1983-1987)\n## Net interest margin and earnings components\n## Drivers of the widening gap","[{\"question\":\"What period and data does the study use to compare thrift performance?\",\"answer\":\"It examines best and worst thrifts that operated continuously in Ohio between 1983 and 1987. Performance is measured by average return on assets using five years of earnings to classify top and bottom 20% performers.\"},{\"question\":\"Why are the reported industry losses described as misleading?\",\"answer\":\"Because many thrifts were profitable overall, while only the unprofitable segment incurred large losses that dragged down the industry totals.\"},{\"question\":\"What explains the widening performance gap between the best and worst thrifts?\",\"answer\":\"The charts indicate the disparity is largely attributed to differences in noninterest margins rather than net interest margin differences, alongside ongoing losses concentrated in the bottom segment.\"}]","Is the Thrift Performance Gap Widening? - Evidence from Ohio | PDF",1789971314,13]