Friday, December 04, 2009

Unofficial Problem Bank List, Dec 4, 2009

by Calculated Risk on 12/04/2009 09:30:00 PM

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

NOTE: This was compiled prior to the six bank failures today (all six are listed).

Changes and comments from surferdude808:

The Unofficial Problem Bank List had a slight decline in the number of institutions from 543 to 542 as three institutions were added while four were dropped. Aggregate assets declined from $312.3 billion to $310.0 billion.

Additions included WaterStone Bank, SSB, Wauwatosa, WI ($1.9 billion); First National Bank of Crossett, Crossett, AR ($160 million); and Signature Bank, Windsor, CO ($91 million). Deletions are four national bank were the OCC terminated a formal agreement. However, the OCC sometimes will replace a formal agreement with a cease & desist order; hence, we will have to wait to see if any of the deletions reappear later in the month when the OCC releases its actions for November.

The deletions include Riverside National Bank of Florida, Fort Pierce, FL ($3.5 billion); First National Bank of the Rockies, Grand Junction, CO ($393 million); First National Bank of Griffin, Griffin, GA ($306 million); and Liberty National Bank, Lawton, OK ($181 million).

The other change of note is a Prompt Corrective Action Order issued by the Federal Reserve against the Bank of Illinois, Normal, IL ($247 million). Bank of Illinois has been operating under a Written Agreement as of November 14, 2009.
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.

Note: The FDIC announced there were 552 bank on the official Problem Bank list at the end of Q3. The difference is a mostly a matter of timing - some enforcement actions haven't been announced yet, and others may be pending.

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".