Bank Deals Blog: Bank Health

The FDIC and NCUA recently released their reports of the third quarter health of the institutions they insure. They also released the 2019 Third Quarter Call Reports of all 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, 2019 reports.

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

The Office of the Comptroller of the Currency (OCC) closed City National Bank of New Jersey on Friday, November 1st. This is just the fourth bank to fail in 2019. It came as a surprise to me since two banks had failed just the week before. Bank failures have become rare since 2017. There were no bank failures in all of 2018. Only eight banks failed in 2017. According to the FDIC press release on this bank failure:

It’s interesting to note that the FDIC slightly change this statistic from the...

Regulators closed two small banks on Friday, October 25th. These are the second and third banks to fail in 2019. Bank failures have become rare since 2017. There were no bank failures in all of 2018. Only eight banks failed in 2017. According to the FDIC:

Those three years were 2018, 2006 and 2005. The yearly number of bank failures increased dramatically in the last financial crisis, rising from 25 in 2008 to 140 in 2009. The number reached a peak of 157 in 2010.

The Friday’s two bank failures were typical....

The FDIC and NCUA recently released their reports of the second quarter health of the institutions they insure. They also released the 2019 Second Quarter Call Reports of all 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, 2019 reports.

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

The FDIC and NCUA recently released their reports of the first quarter health of the institutions they insure. They also released the 2019 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, 2019 reports.

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

The Texas Department of Banking closed The Enloe State Bank on Friday according to an FDIC press release. The FDIC then arranged for Legend Bank, N.A. to assume the insured deposits. This is the first bank to fail since December 2017. The Enloe State Bank was small with only one branch, $36.7 million in assets and $31.3 million in deposits.

Between 2009 and 2017, it has been typical for the FDIC to arrange for another bank to acquire the failed bank and to assume all deposits, even those above the...

The FDIC and NCUA recently released their reports of the fourth quarter health of the institutions they insure. They also released the 2018 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, 2018 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 third quarter health of the institutions they insure. They also released the 2018 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, 2018 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 second quarter health of the institutions they insure. They also released the 2018 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, 2018 reports.

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

The NCUA liquidated Melrose Credit Union on Friday. The liquidation came after almost 19 months since Melrose was placed into conservatorship under the NCUA in February 2017. In a press release, the NCUA announced that Melrose Credit Union “was insolvent and had no prospect for restoring viable operations.”

While in conservatorship, the NCUA attempted to restore Melrose’s financial condition. Melrose’s financial problems were just too serious. It had a very high concentration of taxi medallion loans. Taxi medallions are government issued licenses that allow taxis to operate. In New York...