The Community Bank Sentiment Index is an index derived from quarterly polling of community bankers across the nation. As community bankers answer questions about their outlook on the economy, their answers are analyzed and compiled into a single number. An index reading of 100 indicates a neutral sentiment, while anything above 100 indicates a positive sentiment, and anything below 100 indicates negative sentiment.
The Quarter 3 2020 Community Bank Sentiment Index Number is:
This represents a negative reading in economic sentiment by community bankers, coming in seven points higher than the Second Quarter 2020 index of 90 and 24 points lower than last year’s Third Quarter 2019 index of 121. Community banker sentiment from the COVID-19 pandemic and the subsequent economic lockdown continues to take a toll.