The Calculated Risk blog has updated its Unofficial Problem Bank List
. There were only two removals due to the two bank failures on Friday. However, CR's change summary
has some interesting commentary on the two banks that failed and their parent, Capitol Bancorp. Here's an excerpt:
Caught in the FDIC closing machine were two banks -- Sunrise Bank, Valdosta, GA ($66 million) and Pisgah Community Bank, Asheville, NC ($25 million) - controlled by Capitol Bancorp LTD (Ticker: CBCRQ). We have probably spilled more ink on the travails of Capital Bancorp than any other banking organization since the publication of this list in August 2009. 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. The FDIC and NCUA should be coming out with their 2013 Q1 data later this month.