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Bailout

: Calculated Risk

Unofficial Problem Bank List at 683

By Anonymous

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This is an unofficial list of Problem Banks compiled only from public sources. Changes and comments from surferdude808:

With no failures this week and the OCC and FDIC not releasing any actions until the second half of the month, the Unofficial Problem Bank List did not undergo many changes this week.
There are 683 institutions on the list with aggregate assets of $361 billion. Four institutions were added this week including First Bank, Creve Coeur, MO ($10.5 billion); and Preferred Bank, Los Angeles, CA ($1.3 billion Ticker: PFBC).
Prompt Corrective Action Orders were issued this week against two institutions on the list -- Midwest Bank and Trust Company ($3.4 billion) and TierOne Bank ($2.9 billion).
Removals include New Resource Bank ($159 million) as its enforcement action was terminated according to a company press release and the Bank of Tacoma ($39 million), which was acquired by Northwest Bank via an unassisted acquisition back in February.
We also had two institutions that were listed twice; thanks to reader MS for noting this error.

The list is compiled from regulator press releases or from public news sources (see Enforcement Action Type link for source). The FDIC data is released monthly with a delay, and the Fed and OTC data is more timely. The OCC data is a little lagged. Credit: surferdude808.

See description below table for Class and Cert (and a link to FDIC ID system).

For a full screen version of the table click here.

The table is wide - use scroll bars to see all information!

NOTE: Columns are sortable - click on column header (Assets, State, Bank Name, Date, etc.)

Class: from FDIC

The FDIC assigns classification codes indicating an institution's charter type (commercial bank, savings bank, or savings association), its chartering agent (state or federal government), its Federal Reserve membership status (member or nonmember), and its primary federal regulator (state-chartered institutions are subject to both federal and state supervision). These codes are:
N National chartered commercial bank supervised by the Office of the Comptroller of the Currency
SM State charter Fed member commercial bank supervised by the Federal Reserve
NM State charter Fed nonmember commercial bank supervised by the FDIC
SA State or federal charter savings association supervised by the Office of Thrift Supervision
SB State charter savings bank supervised by the FDIC

Cert: This is the certificate number assigned by the FDIC used to identify institutions and for the issuance of insurance certificates. Click on the number and the Institution Directory (ID) system "will provide the last demographic and financial data filed by the selected institution".

Full post as published by Calculated Risk on April 03, 2010 (boomark / email).