RCFD2123: Unearned Income on Loans
RCFD2123 is the call report code for unearned income on loans, reported on Schedule RC-C, Part I, Loans and Leases. For Q2 2026, 80 banks reported it, totaling $535.5M; the median among the 16 with a nonzero amount was $3.3M. The largest value reported for Q2 2026 was $315.8M, by City National Bank.
Definition
Includes unearned income only to the extent that it is included in various loan items. For banks that report each loan line net of unearned income, this item will be zero. (Unearned income includes income received but not yet earned, such as prepaid interest and the unamortized portion of loan origination fees.) The amount is reported as an absolute value, and should not be enclosed in parentheses and a minus (-) sign is not to be used. Excludes unearned income on lease financing receivables.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFD2123 sits on the call report
| Code | RCFD2123 (prefix RCFD, item 2123) |
|---|---|
| Prefix RCFD | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices). |
| Schedule | RC-C, Part I, Loans and Leases |
| Reported on | FFIEC 031 |
| Value | Dollar amount, reported in thousands, as of the quarter end |
| In the MDRM since | 1978 |
The same item under other prefixes
Item 2123 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCON2123 | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items | 4,297 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCFD2123 |
|---|---|---|
| City National Bank | Los Angeles, CA | $315.8M |
| Citibank, N.A. | Sioux Falls, SD | $106.0M |
| The Bank of New York Mellon | New York, NY | $63.0M |
| Cross River Bank | Fort Lee, NJ | $10.7M |
| Northrim Bank | Anchorage, AK | $9.9M |
| Bank of Hawaii | Honolulu, HI | $7.4M |
| Interaudi Bank | New York, NY | $4.1M |
| Bank of Guam | Hagatna, GU | $3.6M |
| Habib American Bank | New York, NY | $3.0M |
| State Street Bank and Trust Company | Boston, MA | $3.0M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 80 | $535.5M |
| March 31, 2026 | 80 | $187.2M |
| December 31, 2025 | 80 | $42.8M |
| September 30, 2025 | 80 | -$253.6M |
| June 30, 2025 | 80 | -$157.5M |
| March 31, 2025 | 82 | $207.6M |
| December 31, 2024 | 82 | $830.8M |
| September 30, 2024 | 82 | -$351.3M |
Related
All codes on Schedule RC-C, Part I · All call report schedules · Find the code for a loan type · What a call report is