by Calculated Risk on 4/07/2012 05:25:00 PM

This is an unofficial list of Problem Banks compiled only from public sources.

Here is the unofficial problem bank list for April 6, 2012. (table is sortable by assets, state, etc.)

Changes and comments from surferdude808:

Quiet week for the Unofficial Problem Bank List as there were only two removals. The changes leave the list with 946 institutions with assets of $376.5 billion. A year ago, the list 982 institutions with assets of $433.2 billion. The action against First Savings Bank Northwest, Renton, WA ($1.0 billion Ticker: FFNW) was replaced by an informal action and Pilsen State Bank, Lincolnville, KS ($11 million) was dissolved through an unassisted merger.

With the passage of the first quarter of 2012, it is time to update the Unofficial Problem Bank List transition matrix. The list debuted on August 7, 2009 with 389 institutions with assets of $276.3 billion (see table). Over the past 32 months, 230 institutions or about 59 percent of the institutions on the original list have been removed with 137 from failure, 71 from action termination, 20 from unassisted merger, and two from voluntary liquidation. About 35 percent of the 389 institutions on the original list have failed, which is substantially higher than the 12 percent figure usually cited by the media as the failure rate for institutions on the FDIC Problem Bank List.

Since the publication of the original list, another 1,122 institutions have been added. However, only 789 of those additions remain on the current list as 333 institutions have been removed in the interim. Of the 333 inter-period removals, 178 were from failure, 72 were from an unassisted merger, 78 from action termination, and five from voluntary liquidation.

In total, 1,511 institutions have made an appearance on the Unofficial Problem Bank List and 315 or 20.8 percent have failed. Of the 563 total removals, the primary way of exit from the list is failure at 315 institutions or 56 percent. Only 149 or around 27 percent have been able to rehabilitate themselves to see their respective action terminated. Alternatively, another 92 or nearly 16 percent found merger partners most likely to avoid failure. Total assets that have appeared on the list amount to $789.8 billion and $282.3 billion have been removed due to failure. The average asset size of removals from failure is $896 million.

Unofficial Problem Bank List
Change Summary
		Number of Institutions	Assets ($Thousands)
Start (8/7/2009)		389	276,313,429
Subtractions
	Action Terminated	71	(19,039,409)
	Unassisted Merger	20	(3,401,337)
	Voluntary Liquidation	2	(4,855,164)
	Failures	137	(178,872,611)
	Asset Change		(14,066,292)
Still on List at 3/31/2012		167	56,078,616
Additions		789	321,473,577
End (3/31/2012)		948	377,552,193
Intraperiod Deletions1
	Action Terminated	78	44,376,836
	Unassisted Merger	72	42,937,646
	Voluntary Liquidation	5	1,259,188
	Failures	178	103,460,185
	Total	333	192,033,855
1Institutions not on 8/7/2009 or 3/31/2012 list but appeared on a list between these dates.