Archive for April, 2011
April 23rd, 2011 | 
Author: One of the major fears of all investors is the point or period of bankruptcy. Bankruptcy is the term used when an institution is considered to be insolvent and in the stage of economic failure. The failure can be traced through the use of financial statements which include the balance sheet, income statement and cash flow. Through the use of the financial statements, the capability of a company to continue its operations can be determined. The said statements are so useful for every business including banks and financial institutions.
With banks, understanding bank financial reports is easy when you go through each statement slowly. The financial statements of a bank are similar to any other financial statements. These statements can give an overview of the bank’s operation and how the bank is doing financially.
Nowadays there are companies such as Datagy that provide applications and products that can help to produce financial reports effortlessly. Datagy is a customer driven company that offers access to accurate and timely financial data reports. Through Datagy financial performance reports of banks and financial institutions such as thrifts and credit unions are easily understood. They have the most easy-to-use, accessible and useful formats suitable for all types of user.
The Datagy is the provider of the Financial Institution Report of Earnings or FIRE which provides up-to-date enforcement disclosure for all institutions in the system. The FIRE has a pre built report application in which reports can be printed or sent into text tile or Excel format. They also have the FIREontheWeb or simply FOTW which is a internet-based of the FIRE desktop product and considered to be the online gateway to data and financials. The FOTW is a very useful tool for people who are not staying in the main office of a company but needs to see an overview of the company’s operation. Some of the features of the FireontheWeb include the ratio comparisons of ROA, ROE and Net Interest Margin and the Income Statement components analysis. Maturities analysis and interest rate risk analysis are few of the other features of the FOTW which is very useful to the users.
Posted in 