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Friday, March 05, 2010

Unofficial Problem Bank List at 641 Banks

by Calculated Risk on 3/05/2010 10:14:00 PM

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

Failure Friday contributed to a drop in the number of institutions on the Unofficial Problem Bank List. This week, the list includes 641 institutions with aggregate assets of $325.5 billion, down from 644 institutions and 325.9 billion last week.

There were 2 additions this week -- Mountain 1st Bank & Trust Company, Hendersonville, NC ($803 million Ticker: FFIS.OB); and Bank of Coral Gables, Coral Gables, FL ($159 million).

Removals include the 4 failures this Friday -- Sun American Bank ($536 million); Centennial Bank ($215 million); Bank of Illinois ($212 million); and Waterfield Bank ($156 million). There was one other removal as the OCC terminated the Formal Agreement against Community National Bank, Waterloo, IA ($235 million).

The other change is a Prompt Corrective Action Order issued against First Federal Bank of North Florida ($393 million), which has been operating under a Cease & Desist Order since November 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.

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".