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Calculate Your Assessment - Industrial Banks
Industrial Banks
The assessment rate for industrial banks this year at $0.80231 per thousand dollars of total assets has remained unchanged since 2003. The statutory maximum rate is $2.20 per thousand dollars of total assets. Invoices were mailed to each licensee on July 12, 2007 and become delinquent if not paid by August 1, 2007. Insurance premium finance companies will be assessed on November 30, 2007.
How to Calculate Your Assessment - Industrial Banks: PDF | Word
Column A |
Column B |
Column C |
Column D |
Column E |
Column F |
| Tier | If assets are greater than: | But less than: | Pay the maximum amount from the previous tier: | Plus this percent of the base rate for those assets greater than the amount in Column B | Which is obtained by multiplying those assets greater than the amount in Column B by this amount |
| 1 | 0 | 2,000,000 | 0 | 100.00% | 0.00080231000 |
| 2 | 2,000,000 | 20,000,000 | 1,605 | 50.00% | 0.00040115500 |
| 3 | 20,000,000 | 100,000,000 | 8,825 | 12.00% | 0.00009627720 |
| 4 | 100,000,000 | 200,000,000 | 16,528 | 6.25% | 0.00005014438 |
| 5 | 200,000,000 | 1,000,000,000 | 21,542 | 6.00% | 0.00004813860 |
| 6 | 1,000,000,000 | 2,000,000,000 | 60,053 | 4.00% | 0.00003209240 |
| 7 | 2,000,000,000 | 6,000,000,000 | 92,145 | 3.50% | 0.00002808085 |
| 8 | 6,000,000,000 | 20,000,000,000 | 204,469 | 3.00% | 0.00002406930 |
| 9 | 20,000,000,000 | 40,000,000,000 | 541,439 | 2.5% | 0.00002005775 |
| 10 | 40,000,000,000 | + | 942,594 | 1.5% | 0.00001203465 |