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Unofficial Problem Bank List Jan 27th Update - Number Of Banks Falls To 958

Sunday, January 29, 2012 - 10:05 AM
Calculated Risk blog has updated its unofficial problem bank list. The number of banks on the unofficial problem bank list fell by 5 to 958. There were 11 removals and six additions. Four of the 11 removals were the banks that failed on Friday. CR has an some interesting info on Tennessee and the two Tennessee banks that failed on Friday.

Excerpts from CR on the additions to the list and new PCAs:
The additions this week include Colorado East Bank & Trust, Lamar, CO ($829 million); Chambers Bank, Danville, AR ($722 million); American Gateway Bank, Port Allen, LA ($434 million); Pacific International Bank, Seattle, WA ($250 million Ticker: PIBW); Prairie Community Bank, Marengo, IL ($128 million); and Woodland Bank, Deer River, MN ($108 million).

The FDIC issued Prompt Corrective Action Orders against Mile High Banks, Longmont, CO ($1.0 billion) and Waukegan Savings Bank, Waukegan, IL ($88 million).

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 came out with Q3 data on November 22 (see post), and the NCUA came out with Q3 credit union data in early December. Our bank and credit union health ratings are now based on this Q3 data.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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