The Calculated Risk blog has updated its Unofficial Problem Bank List
. There was only one bank removal this week due to the FDIC terminating an action against Bank of Granite, Charlotte. This was another week with no bank failures.
This week's CR change summary for the bank list
also includes a good review of how banks are included in the unofficial problem bank list:
Since 1991, the banking regulators have statutorily been required to publish formal enforcement actions. For many reasons, the banking regulators have a general discomfort publishing any information on open banks especially formal enforcement actions, so not much energy is expended on their part ensuring the completeness of information in the public domain or making its retrieval simple. Given the difficulty for easy retrieval of all banks operating under a safety & soundness formal enforcement action, the unofficial list fills this void as a matter of public interest. 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 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 was released last week, and we will soon be updating our health ratings based on this Q4 data.