We examine the relative efficiency of a unique set of banks, Minority Depository Institutions (MDIs). MDIs are led by minorities and typically serve minority populations. Given Social Economic Status (SES) skews across racial/ethnic groups in the United States, operation within minority communities appear, prima facie, to be relatively expensive and thus inefficient. We examine the return on assets (ROA) and small business lending efficiency of MDIs when compared to what we categorize as “non-MDI” depositories, ceteris paribus. We also examine these institutions for a period that includes a recent environmental shock, the 2008 financial crisis and the post-recessionary period. Using data from the Reports of Condition and Income (call reports) for a substantial set of FDIC-insured banks in the United States, we apply a data envelopment analysis (DEA) to determine how a set of MDIs perform relative to comparable institutions. Recognizing that MDIs are not homogeneous, we also examine relative efficiency across types of MDIs by racial/ethnic grouping. The results indicate that MDIs are not less efficient systematically and that there are differences across MDI types.

中文翻译：

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坏后的好钱？少数存管机构的比较效率

我们研究了一组独特的银行——少数族裔存款机构 (MDI) 的相对效率。计量吸入器由少数族裔领导，通常为少数族裔服务。鉴于美国不同种族/族裔群体的社会经济地位 (SES) 存在偏差，从表面上看，少数族裔社区内的运作似乎相对昂贵，因此效率低下。我们将 MDI 的资产回报率 (ROA) 和小企业贷款效率与我们归类为“非 MDI”的存款机构（其他条件不变）进行比较。我们还研究了这些机构的一段时期，包括最近的环境冲击、2008 年金融危机和后衰退时期。使用美国大量 FDIC 保险银行的状况和收入报告（电话报告）中的数据，我们应用数据包络分析 (DEA) 来确定一组 MDI 相对于可比机构的表现。认识到计量吸入器不是同质的，我们还按种族/族裔分组检查了不同类型计量吸入器的相对效率。结果表明，计量吸入器的系统效率并不低，而且计量吸入器类型之间存在差异。