by Calculated Risk on 6/02/2019 10:31:00 AM
Sunday, June 02, 2019
Note: Surferdude808 compiles an unofficial list of Problem Banks compiled only from public sources.
Here is the unofficial problem bank list for May 2019.
Here are the monthly changes and a few comments from surferdude808:
Update on the Unofficial Problem Bank List for May 2019. It was very quiet during the month as there were no changes to the list this month. At the end of May, the Unofficial Problem Bank stood at 73 institutions with assets of $52.1 billion, down from 92 intuitions but up in assets of $18.0 billion from a year ago.
However, two interesting events occurred during the month related to the list. First, on May 29th, the FDIC released industry results for the first quarter of 2019. Within that release, the FDIC said the Official Problem Bank List held 59 institutions with assets of $46.7 billion. Second, the Enloe State Bank, Cooper, Texas ($36.7 million) failed on Friday, May 31st. This is the first failure since January 2018, stretch of 15 months. Notable about this failure is that the Enloe State Bank, founded in June 1928 and supervised by the FDIC, is that it does not appear that FDIC issued a formal safety & soundness enforcement action to address Enloe’s weaknesses.
Posted by Calculated Risk on 6/02/2019 10:31:00 AM