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Friday, October 23, 2009

Problem Bank List (Unofficial) Oct 23, 2009

by Calculated Risk on 10/23/2009 09:30:00 PM

Note: A late addition: R-G Premier Bank of Puerto Rico (SEC 8-K) to be added next week ($6.5 Billion in assets, Cert# 32185). The failures today will be removed next week.

This is an unofficial list of Problem Banks.

Changes and comments from surferdude808:

There is a net four institutions added to this week’s Unofficial Problem Bank List.

Overall, the institution count is 482 with aggregate assets of $321.9 billion, up from $316.6 billion last week. Additions include EuroBank, Hato Rey, PR ($2.7 billion); Cascade Bank, Everett, WA ($1.6 billion) (update: listed under "corrective action program"); Liberty Savings Bank, FSB, Wilmington, OH ($1.5 billion); Edgewater Bank, Saint Joseph, MI ($191 million); and Western Commercial Bank, Woodlands, CA ($122 million).

The sole deletion was San Joaquin Bank, Bakersfield, CA, which failed last Friday.

The only other change to the list is an FDIC issued Prompt Corrective Action order against Imperial Capital Bank, La Jolla, CA, which has been operating under a Cease & Desist Order since February 2009.

For next week’s list, we anticipate the FDIC will finally release its enforcement actions issued during September; thus, look for the list to grow by at least ten institutions.
The list is compiled from regulator press releases or from public news sources (see Enforcement Action Type link for source). The FDIC data is released monthly with a delay, and the Fed and OTC data is more timely. The OCC data is a little lagged. Credit: surferdude808.

See description below table for Class and Cert (and a link to FDIC ID system).

For a full screen version of the table click here.

The table is wide - use scroll bars to see all information!

NOTE: Columns are sortable - click on column header (Assets, State, Bank Name, Date, etc.)

Class: from FDIC
The FDIC assigns classification codes indicating an institution's charter type (commercial bank, savings bank, or savings association), its chartering agent (state or federal government), its Federal Reserve membership status (member or nonmember), and its primary federal regulator (state-chartered institutions are subject to both federal and state supervision). These codes are:
  • N National chartered commercial bank supervised by the Office of the Comptroller of the Currency
  • SM State charter Fed member commercial bank supervised by the Federal Reserve
  • NM State charter Fed nonmember commercial bank supervised by the FDIC
  • SA State or federal charter savings association supervised by the Office of Thrift Supervision
  • SB State charter savings bank supervised by the FDIC
  • Cert: This is the certificate number assigned by the FDIC used to identify institutions and for the issuance of insurance certificates. Click on the number and the Institution Directory (ID) system "will provide the last demographic and financial data filed by the selected institution".