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Saturday, February 13, 2010

Unofficial Problem Bank List at 605

by Calculated Risk on 2/13/2010 08:34:00 AM

This is an unofficial list of Problem Banks compiled only from public sources. Changes and comments from surferdude808:

The Unofficial Problem Bank List saw minor changes during the week and the total number of institutions remained unchanged at 605 but aggregate assets increased slightly to $329.4 billion from $328.7 billion last week.

There was one addition – Broadway Bank, Chicago, IL ($1.2 billion), and one removal -- Mt. Washington Co-operative Bank, South Boston, MA ($501 million), which was acquired via an unassisted merger with East Boston Savings Bank, Boston, MA during January 2010.

The only other change is a Prompt Corrective Action order issued by the Federal Reserve against Marco Community Bank, Marco Island, FL ($138 million) on February 2, 2010.
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".