Unofficial Problem Bank List - March 8th Update

The Calculated Risk blog has updated its Unofficial Problem Bank List. There weren't many changes, just three removals including Friday's bank failure. Excerpt from the CR change summary:

FDIC terminated the action against Bank of the Cascades, Bend, OR ($1.3 billion Ticker: CACB). Mojave Desert Bank, National Association, Mojave, CA ($104 million) merged through an unassisted acquisition with Mission Bank, Bakersfield, CA.

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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 at the end of February, and we will soon be updating our health ratings based on this Q4 data.