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Unofficial Problem Bank List & Health Ratings - April 26th Update

Sunday, April 28, 2013 - 6:11 AM
The Calculated Risk blog has updated its Unofficial Problem Bank List. There were many changes. Here are some excerpts from CR’s blog post:
The FDIC, as anticipated, released its enforcement actions through March 2013 and closed a couple banks this week. This led to many changes to the Unofficial Problem Bank List, which had 12 removals and six additions.

Read more

One noteworthy addition to the list was State Bank of India (California).

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 - 2012 Q4 Data Import Completed

Our financial health ratings are based on bank data that the FDIC releases each quarter. The FDIC and NCUA released Q4 2012 financial data around March 1st. We have imported this data, and all of our bank and credit union financial health ratings are based on this Q4 data.
Ken TuminKen Tumin5,468 posts since
Nov 29, 2009
Rep Points: 125,029
1. Sunday, April 28, 2013 - 7:49 PM
Thanks for sharing the info, Ken.  One of my banks is listed and whenever I ask them if they are in trouble they keep insisting they are doing fine.  Would you are someone else who knows, please let me know what it means in the column where it states "Consent Order"?  What kind of restriction does that put them under if any?  Is there a place we can go to find out what the info for the bank really means?  Thanks for any help.
paoli2paoli21,367 posts since
Aug 10, 2011
Rep Points: 5,991
2. Sunday, April 28, 2013 - 8:58 PM
A consent order can place several requirements and/or restrictions on the bank's management. These consent orders typically don't place a lot of restrictions on the deposit side. They can restrict the bank's use of brokered deposits. If there are capital issues, the bank may be required to keep its deposit rates under the FDIC rate caps.

Many banks that receive a consent order or similiar enforcement action from a regulator don't fail. They either merge without FDIC assistance or fix the issues which will eventually lead to the regulator to terminate the action.
Ken TuminKen Tumin5,468 posts since
Nov 29, 2009
Rep Points: 125,029