Friday, November 27, 2015

November 2015: Unofficial Problem Bank list declines to 255 Institutions

by Bill McBride on 11/27/2015 08:35:00 PM

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

Here is the unofficial problem bank list for November 2015.

Changes and comments from surferdude808:

Update on the Unofficial Problem Bank List for November 2015. During the month, the list fell from 264 institutions to 255 after nine removals. Assets dropped by $2.2 billion to an aggregate $77.0 billion. The asset total was updated to reflect third quarter figures, which resulted in a small decline of $224 million. A year ago, the list held 408 institutions with assets of $124.7 billion. This past week, the FDIC released third quarter industry results and an update on the Official Problem Bank List. FDIC said the official list held 203 problem banks, a decline of 25 during the quarter. During the past three months, the unofficial list holds 27 fewer banks.

Actions have been terminated against CertusBank, National Association, Easley, SC ($877 million); First National Bank in Howell, Howell, MI ($355 million); United American Bank, San Mateo, CA ($303 million); Quontic Bank, Astoria, NY ($165 million); First Alliance Bank, Cordova, TN ($120 million); and Summit National Bank, Hulett, WY ($64 million).

Several banks merged to find their way off the problem bank list including Columbus Junction State Bank, Columbus Junction, IA ($47 million); Farmers State Bank, Lumpkin, GA ($45 million); and The State Bank of Blue Mound, Blue Mound, IL ($31 million).

One other change this month was a name change of The Farmers Bank to Persons Banking Company, Forsyth, GA ($328 million).