On December 20, 2024, the Federal Reserve Board and the FDIC issued the 2025 updated asset-size thresholds used to define "small bank" and "intermediate small bank" under their Community Reinvestment Act (CRA) regulations.
As published in the Federal Register, the definitions of small and intermediate small banks for CRA examinations were updated as a result of the 2.91 percent increase in the CPI-W for the period ending in November 2024. Changes to the asset-size thresholds, effective on January 1, 2024, are as a follows:
Small bank means an institution that, as of December 31 of either of the prior two calendar years, had assets of less than $1.609 billion.
Intermediate small bank means a small institution with assets of at least $402 million as of December 31 of both of the prior two calendar years and less than $1.609 billion as of December 31 of either of the prior two calendar years.
See the joint final rule here.