The Calculated Risk blog has updated its Unofficial Problem Bank List
. Here's an excerpt from the CR change summary
Seven institutions were removed, which leaves the list at 849 institutions with assets of $316.2 billion. From last week, assets dropped by $10.2 billion, but $4.9 billion of the decline came from balance sheet shrinkage during the third quarter. A year ago, the list held 977 institutions with assets of $399.5 billion.
Two of the banks that fell off the list have been mentioned in my blog over the years. These include Hanmi Bank, Los Angeles, CA (termination of action) and Southern Community Bank and Trust, Winston Salem, NC (voluntary merger). Bank Health Ratings
For more info on the financial health of banks and credit unions, you can view our Bank Health Ratings
page which provides a table of banks and credit unions with the worst Texas Ratios. You can also sort based on the best Texas Ratios to view the safest banks. Health Rating Updates
Our financial health ratings are based on bank data that the FDIC releases each quarter. The FDIC and NCUA have recently released Q3 financial data. We have imported this data, and all of our bank and credit union financial health ratings are based on this Q3 data.