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Unofficial Problem Bank List and Quarterly Transition Matrix


This is an unofficial list of Problem Banks compiled only from public sources.

Here is the unofficial problem bank list for Sept 28, 2012. (table is sortable by assets, state, etc.)

Changes and comments from surferdude808:

FDIC released its enforcement action activity through August 2012 and closed a bank this week leading to many changes in the Unofficial Problem Bank List. In total, there were 12 removals and eight additions that leave the list with 874 institutions with assets of 4.9 billion. While the number of banks on the list declined, it was the first weekly increase in assets since June 29th. A year ago, the list held 986 institutions with assets of 5 billion. For the month, assets increased by .4 billion while the institutions count fell by 17 institutions after 18 action terminations, nine unassisted mergers, three failures, and a voluntary liquidation.

Actions were terminated against Ames Community Bank, Ames, IA (6 million); Farmers & Merchants Bank & Trust, Burlington, IA (5 million); Bank of Lincoln County, Fayetteville, TN (0 million); Lake Community Bank, Long Lake, MN (8 million); EuroBank, Coral Gables, FL (4 million); Twin City Bank, Longview, WA ( million); Beartooth Bank, Billings, MT ( million); America’s Community Bank, Blue Springs, MO ( million).

First United Bank, Crete, IL (8 million)was removed because of failure. Desert Commercial Bank, Palm Desert, CA (9 million Ticker: DCBC); The Exchange National Bank of Cottonwood Falls, Cottonwood Falls, KS ( million); and Colorado Valley Bank, SSB, La Grange, TX ( million) were acquired through unassisted mergers.

The eight additions were Doral Bank, San Juan, PR (.6 billion Ticker: DRL); Northwestern Bank, Traverse City, MI (9 million Ticker: NWBM); Alliance Bank Central Texas, Waco, TX (8 million); Flathead Bank of Bigfork, Montana, Bigfork, MT (7 million); Bay Bank, Green Bay, WI ( million); Colonial Co-operative Bank, Gardner, MA ( million); Elysian Bank, Elysian, MN ( million); and Community Bank and Trust – West Georgia, LaGrange, GA ( million), which joins its sister bank Community Bank and Trust – Alabama on the list.

With the end of the third quarter, it is time to refresh the transition matrix. As seen in the table below, there have been a total of 1,588 institutions with assets of 0.9 billion that have appeared on the list. Removals have totaled 714 institutions or 45 percent of the total. Failures continue to be the leading removal cause as 340 institutions with assets of 8.2 billion have failed since appearing on the list. Removals from unassisted mergers and voluntary liquidations total 122 institutions. This year, there has been an acceleration in action terminations. In all, actions have been terminated against 252 institutions with assets of 2.9 billion, with 53 termination occurring in this quarter.

Unofficial Problem Bank List
Change Summary
  Number of Institutions Assets ($Thousands)
Start (8/7/2009)   389 276,313,429
  Action Terminated 87 (25,157,616)
  Unassisted Merger 25 (3,781,599)
  Voluntary Liquidation 2 (4,855,164)
  Failures 148 (182,228,947)
  Asset Change   (16,422,867)
Still on List at 9/30/2012   127 43,867,236
Additions   747 291,097,603
End (9/30/2012)   874 334,964,839
Intraperiod Deletions1      
  Action Terminated 165 87,707,680
  Unassisted Merger 88 48,052,527
  Voluntary Liquidation 7 1,760,816
  Failures 192 105,953,675
  Total 452 243,474,698
1Institutions not on 8/7/2009 or 9/30/2012 list but appeared on a list between these dates.

• Summary for Week Ending Sept 28th
• Schedule for Week of Sept 30th

Calculated Risk

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