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Unofficial Problem Bank List - February 8th Update

Sunday, February 10, 2013 - 5:06 AM
The Calculated Risk blog has updated its Unofficial Problem Bank List. There were no bank failures this week, so there were no banks removed from the list due to failures. However, two banks were removed from the list when they announced the termination of enforcement actions issued by the FDIC. Here's the CR change summary:
Two publicly traded organizations announced this week the termination of enforcement actions issued by the FDIC. The removals leave the Unofficial Problem Bank list at 820 institutions with assets of $305.0 billion. A year ago, the list held 958 institutions with assets of $ 389.6 billion.

The removals were The Home Savings and Loan Company, Youngstown, OH ($1.8 billion Ticker: UCFC) and The Palmetto Bank, Greenville, SC ($1.1 billion Ticker: PLMT).

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Health Rating Updates

Our financial health ratings are based on bank data that the FDIC releases each quarter. The FDIC and NCUA released Q3 financial data around December 1st. We have imported this data, and all of our bank and credit union financial health ratings are based on this Q3 data. Q4 data should be released around the end of February.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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