| Characteristic | Charge-off rate |
|---|---|
| Q1 1985 | 1.95% |
| Q2 1985 | 2.25% |
| Q3 1985 | 2.62% |
| Q4 1985 | 2.91% |
| Q1 1986 | 3.2% |
| Q2 1986 | 3.19% |
| Q3 1986 | 3.34% |
| Q4 1986 | 3.4% |
| Q1 1987 | 3.51% |
| Q2 1987 | 3.35% |
| Q3 1987 | 3.1% |
| Q4 1987 | 3.23% |
| Q1 1988 | 3.21% |
| Q2 1988 | 3.26% |
| Q3 1988 | 3.13% |
| Q4 1988 | 3.14% |
| Q1 1989 | 3.15% |
| Q2 1989 | 3.2% |
| Q3 1989 | 3% |
| Q4 1989 | 3.24% |
| Q1 1990 | 3.1% |
| Q2 1990 | 3.26% |
| Q3 1990 | 3.46% |
| Q4 1990 | 3.83% |
| Q1 1991 | 4.17% |
| Q2 1991 | 4.68% |
| Q3 1991 | 4.71% |
| Q4 1991 | 4.64% |
| Q1 1992 | 4.9% |
| Q2 1992 | 4.86% |
| Q3 1992 | 4.24% |
| Q4 1992 | 4.52% |
| Q1 1993 | 4.1% |
| Q2 1993 | 4% |
| Q3 1993 | 3.6% |
| Q4 1993 | 3.38% |
| Q1 1994 | 3.3% |
| Q2 1994 | 3.05% |
| Q3 1994 | 2.91% |
| Q4 1994 | 3.12% |
| Q1 1995 | 2.92% |
| Q2 1995 | 3.3% |
| Q3 1995 | 3.6% |
| Q4 1995 | 3.98% |
| Q1 1996 | 4.21% |
| Q2 1996 | 4.48% |
| Q3 1996 | 4.39% |
| Q4 1996 | 4.7% |
| Q1 1997 | 4.94% |
| Q2 1997 | 5.38% |
| Q3 1997 | 5.4% |
| Q4 1997 | 5.45% |
| Q1 1998 | 5.3% |
| Q2 1998 | 5.19% |
| Q3 1998 | 5.17% |
| Q4 1998 | 5.13% |
| Q1 1999 | 4.99% |
| Q2 1999 | 4.29% |
| Q3 1999 | 4.38% |
| Q4 1999 | 4.53% |
| Q1 2000 | 4.6% |
| Q2 2000 | 4.08% |
| Q3 2000 | 4.1% |
| Q4 2000 | 4.43% |
| Q1 2001 | 4.7% |
| Q2 2001 | 5.24% |
| Q3 2001 | 5.32% |
| Q4 2001 | 6.43% |
| Q1 2002 | 7.8% |
| Q2 2002 | 6.27% |
| Q3 2002 | 5.94% |
| Q4 2002 | 5.63% |
| Q1 2003 | 5.77% |
| Q2 2003 | 6.07% |
| Q3 2003 | 5.4% |
| Q4 2003 | 6.07% |
| Q1 2004 | 5.38% |
| Q2 2004 | 5.38% |
| Q3 2004 | 4.4% |
| Q4 2004 | 4.7% |
| Q1 2005 | 4.6% |
| Q2 2005 | 4.35% |
| Q3 2005 | 4.33% |
| Q4 2005 | 6.05% |
| Q1 2006 | 3.12% |
| Q2 2006 | 3.52% |
| Q3 2006 | 3.87% |
| Q4 2006 | 3.62% |
| Q1 2007 | 3.93% |
| Q2 2007 | 3.85% |
| Q3 2007 | 3.95% |
| Q4 2007 | 4.18% |
| Q1 2008 | 4.7% |
| Q2 2008 | 5.47% |
| Q3 2008 | 5.8% |
| Q4 2008 | 6.3% |
| Q1 2009 | 7.62% |
| Q2 2009 | 9.77% |
| Q3 2009 | 10.1% |
| Q4 2009 | 10.19% |
| Q1 2010 | 10.5% |
| Q2 2010 | 10.97% |
| Q3 2010 | 8.55% |
| Q4 2010 | 7.7% |
| Q1 2011 | 6.96% |
| Q2 2011 | 5.58% |
| Q3 2011 | 5.63% |
| Q4 2011 | 4.53% |
| Q1 2012 | 4.29% |
| Q2 2012 | 4.15% |
| Q3 2012 | 3.74% |
| Q4 2012 | 3.78% |
| Q1 2013 | 3.78% |
| Q2 2013 | 3.62% |
| Q3 2013 | 3.19% |
| Q4 2013 | 3.33% |
| Q1 2014 | 3.32% |
| Q2 2014 | 3.45% |
| Q3 2014 | 2.89% |
| Q4 2014 | 2.98% |
| Q1 2015 | 3.03% |
| Q2 2015 | 3.03% |
| Q3 2015 | 2.76% |
| Q4 2015 | 2.91% |
| Q1 2016 | 3.16% |
| Q2 2016 | 3.13% |
| Q3 2016 | 2.86% |
| Q4 2016 | 3.45% |
| Q1 2017 | 3.59% |
| Q2 2017 | 3.64% |
| Q3 2017 | 3.37% |
| Q4 2017 | 3.63% |
| Q1 2018 | 3.8% |
| Q2 2018 | 3.74% |
| Q3 2018 | 3.46% |
| Q4 2018 | 3.57% |
| Q1 2019 | 3.83% |
| Q2 2019 | 3.83% |
| Q3 2019 | 3.49% |
| Q4 2019 | 3.65% |
| Q1 2020 | 3.89% |
| Q2 2020 | 4.01% |
| Q3 2020 | 3.34% |
| Q4 2020 | 2.58% |
| Q1 2021 | 2.95% |
| Q2 2021 | 2.54% |
| Q3 2021 | 1.67% |
| Q4 2021 | 1.57% |
| Q1 2022 | 1.82% |
| Q2 2022 | 1.97% |
| Q3 2022 | 1.94% |
| Q4 2022 | 2.42% |
| Q1 2023 | 3.02% |
| Q2 2023 | 3.38% |
| Q3 2023 | 3.49% |
| Q4 2023 | 4.07% |
| Q1 2024 | 4.65% |
| Q2 2024 | 4.73% |
| Q3 2024 | 4.37% |
| Q4 2024 | 4.48% |
| Q1 2025 | 4.67% |
| Q2 2025 | 4.31% |
| Q3 2025 | 3.92% |
| Q4 2025 | 4.03% |
| Q1 2026 | 4.01% |
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Source
Source
Release date
July 2026
More information
Region
United States
Survey time period
Q1 1985 to Q1 2026
Special properties
All figures are non-seasonally adjusted
Supplementary notes
The source defines charge-offs as the value of loans removed from the books and charged against loss reserves. They were measured using the net of recoveries of commercial banks as a percentage of their average loans and annualized. Essentially, the loan is written off as a loss and unlikely to be collected.
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