Sunday, September 02, 2018

August 2018: Unofficial Problem Bank list declines to 82 Institutions

by Bill McBride on 9/02/2018 08:19:00 AM

Note: Surferdude808 compiles an unofficial list of Problem Banks compiled only from public sources.

Here is the unofficial problem bank list for August 2018.

Here are the monthly changes and a few comments from surferdude808:

Update on the Unofficial Problem Bank List for August 2018. During the month, the list had a decline of seven insured institutions to 82 banks. Aggregate assets were little changed staying at a rounded $57.3 billion after a deduction of $1.3 billion for the removals and an addition of $1.3 billion for asset growth during the second quarter. A year ago, the list held 123 institutions with assets of $28.3 billion.

Actions were terminated against Urban Partnership Bank, Chicago, IL ($442 million); Old Dominion National Bank, North Garden, VA ($222 million); and Providence Bank, Alpharetta, GA ($85 million). Finding their way off the list through merger were One Bank & Trust, National Association, Little Rock, AR ($266 million); Hometown Bank, National Association, Carthage, MO ($182 million); Liberty FSB, Enid, OK ($75 million); and High Desert Bank, Bend, OR ($20 million).

On August 23rd, the FDIC released industry results for the second quarter of 2018 and disclosed that the Official Problem Bank List held 82 banks with assets of $54.4 billion.