In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Friday, January 08, 2010

Unofficial Problem Bank List increases to 576

by Calculated Risk on 1/08/2010 07:15:00 PM

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

Changes and comments from surferdude808:

The Unofficial Problem Bank List changed by a net of one institution this week to 576 with assets of $304.8 billion.

Additions include North Valley Bank, Redding, CA ($910 million); First Trade Union Bank, Boston, MA ($690 million); Wheatland Bank, Naperville, IL ($481 million); and Decatur First Bank, Decatur, GA ($241 million).

Removals are terminations of Formal Agreements issued by the OCC against First National Bank of Baldwin County, Foley, AL ($263 million); Capitol National Bank, Lansing, MI ($229 million); and First National Bank of Wyoming, Laramie, WY ($218 million). These removals could be temporary as the OCC may be converting the action against these banks from a Formal Agreement to a Consent Order. The OCC is much prompter in posting its terminations than its new actions.

Other changes to list this week are Prompt Corrective Action orders being issued against banks-- Mainstreet Savings Bank, FSB, and Sun American Bank -- that are
already operating under a formal action.
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".