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What is the small farm revenue threshold for purposes of CRA reporting? Although we are not required to report on loans to small farms for CRA purposes, we are doing our own internal review. – IBA Compliance Connection

IBA Compliance Connection

Your go to source for compliance!

What is the small farm revenue threshold for purposes of CRA reporting? Although we are not required to report on loans to small farms for CRA purposes, we are doing our own internal review.

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The revenue threshold for small farms (as well as small businesses) is $1 million in gross annual revenues, meaning that the CRA loan reporting requirements apply to loans made to businesses and farms with gross annual revenues of $1 million or less.

For resources related to our guidance, please see below:

  • FDIC CRA regulations — 12 CFR 345.42(b)(1)(iv) (the number and amount of small business and small farm loans to businesses and farms with gross annual revenues of $1 million or less, using the revenues that the bank considered in making its credit decision)