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

Saturday, March 13, 2010

Unofficial Problem Bank List at 640

by Calculated Risk on 3/13/2010 06:00:00 PM

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

There were several additions and removals during the week that left the Unofficial Problem Bank List totals almost unchanged. This week there are 640 institutions with assets of $325.6 billion compared to 641 institutions and $325.5 billion of assets last week.

Removals include the four failures -- The Park Avenue Bank ($520 million), Old Southern Bank ($336 million), Statewide Bank ($243 million), and LibertyPointe Bank ($217 million), and one action termination -- Union Federal Savings Bank ($192 million).

Additions include Heritage Oaks Bank, Paso Robles, CA ($942 million); Idaho Banking Company, Boise, ID ($228 million); Albina Community Bank, Portland, OR ($199 million); and Ravalli County Bank, Hamilton, MT ($191 million).

Other changes include for institutions already on the list are Prompt Corrective Action Orders issued against Maritime Savings Bank ($379 million), Horizon Bank ($199 million), and Ideal Federal Savings Bank ($6 million). We anticipate for the OCC to issue their enforcement actions for February 2010 next week.
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".