Bank Deals Blog: Bank Health

The FDIC and NCUA recently released their reports of the second quarter health of the institutions they insure. They also released the 2017 Second Quarter Call Reports of all the insured institutions. We use these reports to derive our financial health grades for each institution. We have finished importing this data, and all of the health grades for banks and credit unions have been updated to reflect the June 30, 2017 reports.

You can view the latest health ratings of your bank or credit union in our Bank...

The FDIC and NCUA recently released their reports of the first quarter health of the institutions they insure. They also released the 2017 First Quarter Call Reports of all the insured institutions. We use these reports to derive our financial health grades for each institution. We have finished importing this data, and all of the health grades for banks and credit unions have been updated to reflect the March 31, 2017 reports.

You can view the latest health ratings of your bank or credit union in our Bank...

A small Illinois bank was closed by state regulators on Friday bringing the yearly total of bank failures to six. We have now had more bank failures this year than in the entire year of 2016 when only five banks failed. If this pace of bank failures continue, we will likely see more bank failures this year than in 2015 when eight banks failed.

The failed institution, Fayette County Bank of Saint Elmo, Illinois, had only one branch and $34.4 million in assets. This is the most common type...

Another bank with over $1 billion in assets failed. Last Friday, Guaranty Bank of Milwaukee, Wisconsin was closed by the OCC. This failure occurred only one week after the April 28th failure of First NBC Bank, a bank that had almost $5 billion in assets. The failure of Guaranty Bank is the fifth bank to fail in 2017. That number matches the total number of banks that failed in all of 2016. Every year since 2010 we’ve had fewer bank failures. That won’t be the case in 2017. In...

The number of bank failures had been trending down, but this year, we’re seeing an uptick in failures. Another bank failed on Friday which brings the total number of bank failures in 2017 to four, which is just one fewer than the total number that failed in 2016.

On Friday, First NBC Bank of New Orleans was closed by Louisiana regulators, and the FDIC entered into a purchase and assumption agreement with Whitney Bank, Gulfport, Mississippi. The purchase and assumption agreement was a little different than the agreements of past...

The FDIC and NCUA recently released their reports of the fourth quarter health of the institutions they insure. They also released the 2016 Fourth Quarter Call Reports of all the insured institutions. We use these reports to derive our financial health grades for each institution. We have finished importing this data, and all of the health grades for banks and credit unions have been updated to reflect the December 31, 2016 reports.

You can view the latest health ratings of your bank or credit union in our Bank Health Ratings...

The New York State Department of Financial Services (DFS) today took possession of Melrose Credit Union this afternoon and appointed the National Credit Union Administration (NCUA) as conservator. It’s important to note that this isn’t a closure of Melrose Credit Union. The NCUA explains what the conservatorship means in its press release and in thisFAQs document. Below is an excerpt from the FAQs:

The NCUA also states that members can continue to conduct business at the credit union. Melrose Credit Union will remain open during the conservatorship. The long-term future of...

With only five bank failures in 2016, I was thinking we might go several months into 2017 without a bank failure. That wasn’t the case. Two banks have already failed in 2017, and January isn’t over yet. The latest one happened yesterday. Seaway Bank and Trust Company of Chicago was closed on Friday by Illinois regulators. The FDIC arranged for State Bank of Texas to assume all deposits. The first bank failure of 2017 occurred on January 13th when New Jersey regulators closed Harvest Community Bank. The FDIC arranged...

Only five banks failed in 2016. The year looked similar to the years before the 2008 financial crisis when bank failures were rare. Last year continued the trend of a declining numbers of bank failures. This trend started in 2011 when 92 banks failed, which was a big improvement over 2010 when 157 banks failed. The year 2010 had the highest number of bank failures since the 2008 financial crisis. If you were a DA reader back in 2010, you probably remember my Friday bank failure posts. Almost every...

The FDIC and NCUA recently released their reports of the third quarter health of the institutions they insure. They also released the 2016 Third Quarter Call Reports of all the insured institutions. We use these reports to derive our financial health grades for each institution. We have finished importing this data, and all of the health grades for banks and credit unions have been updated to reflect the September 30, 2016 reports.

You can view the latest health ratings of your bank or credit union in our Bank Health Ratings...