Calculated Risk blog has updated its unofficial problem bank list
. The number of banks on the unofficial problem bank remains the same at 958. No banks failed this week so there were no removals due to failures. Here's an excerpt from CR. Note the addition of Community West Bank. This explains the bank's recent rate cut
The list is unchanged at 958 institutions but assets increased by nearly $600 million to $389.6 billion. The First National Bank of Ordway, Ordway, CO ($45 million) underwent a voluntary liquidation in late January. The sole addition was Community West Bank, National Association, Goleta, CA ($643 million Ticker: CWBC) after the OCC issued a Consent Order against the bank. 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.