Bank loan quality is strong — few loans are going bad.

Noncurrent Loan Rate · loans 90+ days past due

Noncurrent: 0.98% — Just 0.98% of loans are 90+ days past due — low by historical standards.

Net Charge-Off Rate · annualized

Charge-offs: 0.57% — Banks are writing off 0.57% of loans as losses — a benign level.