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Unofficial Problem Bank List & Health Ratings - May 17th Update

Sunday, May 19, 2013 - 8:29 AM
The Calculated Risk blog has updated its Unofficial Problem Bank List. Here's an excerpt of CR's change summary:
Along with the failure, there were two other removals and two additions to the Unofficial Problem List this week. After changes, the list has 770 institutions with assets of $284.1 billion. A year ago, the list held 928 institutions with assets of $361.9 billion.

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In addition to a change summary, the CR post offers some interesting news on last Tuesday's bank closure and on the parent of that failed bank:
In a rare Tuesday closing, the Arizona Department of Financial Institutions shuttered Central Arizona Bank, Scottsdale, AZ ($33 million Ticker: CBCRQ). The state banking department was prevented from closing the bank last Friday because of a legal challenge by Capitol Bancorp.

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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 - 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.
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Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
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