Calculated Risk blog has updated its unofficial problem bank list
. The only changes were the removals of 5 banks, one of which was the failed bank, Security Bank, N.A. in Florida. It's interesting to note that CR noted a prompt corrective action issued against Security Bank in April
Here's an excerpt from CR regarding the 4 removals:
two removals from action termination by the Federal Reserve-- MidSouth Bank, Murfreesboro, TN ($239 million) and North Valley Bank, Zanesville, OH ($153 million); and two from unassisted mergers -- Farmers National Bank, Walton, KY ($85 million) and State Bank of Cokato, Cokato, MN ($53 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 Q4 data on February 28th (see post
), and the NCUA came out with Q4 credit union data in early March. Our bank and credit union health ratings are now based on this 2011 Q4 data.
The FDIC should be releasing Q1 data in late May.