by Calculated Risk on 10/16/2009 07:38:00 PM

Note: Late addition to PBL, FDIC Cease & Desist: Eurobank, San Juan, Puerto Rico (ht Dave) $2.7 billion in assets. FDIC Certificate #: 27150 Bank Charter Class: NM. Make it 479!

This is an unofficial list of Problem Banks.

Changes and comments from surferdude808:

The Unofficial Problem Bank List grew significantly from last week. Eighteen institutions were added, which pushes the total to 478.

Aggregate assets increased by $18.8 billion to $316.6 billion. The majority of the asset increase comes from a Cease & Desist order issued against the $11.8 billion Sterling Savings Bank, Spokane, WA.

Other notable additions include Inter National Bank, McAllen, TX ($2.1 billon); Central National Bank, Junction City, KS ($850 million); American Bank and Trust Company, National Association, Davenport, IA ($690.7 million); and Palos Bank and Trust Company, Palos Heights, IL ($530 million).

There were 12 national banks added to the list as the OCC finally released some of its recently issued actions. Among the newly 18 added institutions, the geographic distribution is not surprising with three each headquartered in Florida, Georgia, and Illinois and two each in California and Washington. We again send kudos to the State Banking Department of Illinois for releasing its formal enforcement actions in a prompt manner.

There were no deletions last week as the FDIC did not shutter any institutions. In addition, there were no terminations during the week, but the OCC did convert Formal Agreements against two national banks to Cease & Desist Orders.

Last week, one poster to the blog suggested that there were some errors in the list as a few ticker symbols (i.e., CBC, FINN, or MRB) are associated with more than one institution. We appreciate the close inspection by readers but, in these instances, the ticker association is accurate as these institutions belong to a multi-bank holding company. For example, CBC (Capitol Bancorp, Inc.), a multi-bank holding with consolidated assets of $5.7 billion, controls 56 institutions, which range in asset size from $13.7 million to $1.2 billion.

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".