Thursday, May 20, 2010

FDIC Q1 Banking Profile: 775 Problem Banks

by Bill McBride on 5/20/2010 11:51:00 AM

The FDIC released the Q1 Quarterly Banking Profile today. The FDIC listed 775 banks with $431 billion in assets as “problem” banks in Q1, up from 702 banks with $403 billion in assets in Q4, and 305 banks and $220 billion in assets in Q1 of 2009.

Note: Not all problem banks will fail - and not all failures will be from the problem bank list - but this shows the problem is significant and still growing.

The Unofficial Problem Bank List shows 725 problem banks - and will continue to increase as more formal actions (or hints of pending actions) are released.

Number of Problem Banks Click on graph for larger image in new window.

This graph shows the number of FDIC insured "problem" banks since 1990.

All data is year end except Q1 2010.

The 775 problem banks reported at the end of Q1 is the highest since June 30, 1993, when the number of "problem" institutions totaled 793.

The FDIC is still on pace for 1,000 problem banks by the end of the year, although it also depends on how many banks are removed from the list.

Assets of Problem Banks The second graph shows the assets of "problem" banks since 1990.

The assets of problem banks are the highest since June 30, 1993 when the assets of "problem" institutions were $467 billion.

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