The Calculated Risk blog has updated its Unofficial Problem Bank List
. The number of banks on the list went down by three. Two failed on Friday and one was removed due to the OCC terminating an enforcement action. The most interesting thing from CR's change summary was its insights into one of Friday's bank failures, Sunrise Bank of Arizona. Some excerpts from the change summary
The other closing was a bank controlled by Capitol Bancorp Ltd. (Ticker: CBCRQ), Sunrise Bank of Arizona, Phoenix, AZ ($202 million). This is the sixth bank controlled by Capitol Bancorp to fail. After controlling more than 50 banks at its peak, Capitol is down to an interest in seven banks. 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.
Our financial health ratings are based on financial data that the FDIC and NCUA release each quarter. The FDIC released Q1 2013 financial data in last week of May, and the NCUA did the same soon after . We now have imported the new FDIC and NCUA data, and all of our bank and credit union financial health ratings are now based on this Q1 data.
The FDIC should be releasing Q2 data next week.