by Calculated Risk on 8/21/2009 02:30:00 PM

This is an unofficial list of Problem Banks. Note: Reports are Guaranty (Texas) will be seized this afternoon.

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. The Fed and OTC data is more timely, and the OCC a little lagged. Credit: surferdude808.

Changes and comments from surferdude808:

While the number of institutions on the problem bank list only declined by a net one to 391 from 392 a week ago, there was a sizable decline in assets of $26b with the closures of Colonial Bank ($26.4b) and Community Bank of Nevada ($1.6b) on August 14th. Of the three other failures last Friday, two -- Union Bank, N.A., and Dwelling House S&L -- were under formal enforcement action while Community Bank of Arizona failed without being subject to a formal enforcement action or prompt corrective action order.

There are three additions during the week including the Savings Bank of Maine ($983.6m), Gardiner, ME; Royal Bank America ($735.2m), Narbeth, PA; and First Home Savings Bank ($241.7m), Mountain Grove, MO.

With the addition of a Maine based institution, 46 states and D.C. are represented on the problem list with only Alaska, Hawaii, New Hampshire, Vermont, and West Virginia not having an institution headquartered within their respective borders subject to formal enforcement action. Unlike the other five states, West Virginia did have a failure in 2008.

One other formal action issued during the week that may be from the twilight zone, the OTS issued a prompt corrective action order against Guaranty Bank on August 19th. With the numerous media reports circulating about the imminent closure of Guaranty Bank, what is the usefulness of a PCA order at the stage of the game?

DISCLAIMER: This is an unofficial list, the information is from public sources and while deemed to be reliable is not guaranteed. No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein and same is subject to errors and omissions. This is not intended as investment advice. Please contact CR with any errors.

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

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".