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Friday, January 29, 2010

Unofficial Problem Bank List increases to 599

by Calculated Risk on 1/29/2010 10:29:00 PM

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

Changes and comments from surferdude808:

The Unofficial Problem Bank List underwent significant changes since last as a net 15 institutions were added. Twenty-six institutions were added while 11 institutions were removed because of failure. Please note that the six failures were removed along with the five last Friday. Usually, failures are removed with a one-week lag.

After these changes, the list stands at 599 institutions with aggregate assets of $322.5 billion, up from 584 institutions with assets of $305.3 billion last week.

Among the eleven failures are First Regional Bank ($2.2 billion); Charter Bank ($1.25 billion); Community Bank & Trust ($1.2 billion); Columbia River Bank ($1.1 billion); Florida Community Bank ($875 million); and First National Bank of Georgia ($833 million).

The 26 institutions added this week have aggregate assets of $25.9 billion. Notable among the additions are Flagstar Bank, FSB, Troy, MI ($14.8 billion); The Stillwater National Bank and Trust Company, Stillwater, OK ($2.7 billion); Guaranty Bank and Trust Company, Denver, CO ($2.1 billion); Fireside Bank, Pleasanton, CA ($1.0 billion); Darby Bank & Trust Co., Vidalia, GA ($909 million); and LibertyBank, Eugene, OR ($856 million).
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".