by Calculated Risk on 10/09/2009 08:11:00 PM

This is an unofficial list of Problem Banks.

Changes and comments from surferdude808:

Since last week, the Unofficial Problem Bank List shrank by a net three institutions to 460. Aggregate assets decreased slightly to $297.8 billion from $298.6 billion.

New additions include two Cease & Desist orders issued by the OTS against Lincoln FSB of Nebraska, Lincoln ($371.3m) and Waterfield Bank, Germantown, MD ($217.3m). Also, the Federal Reserve issued a Prompt Corrective Action order against San Joaquin Bank, Bakersfield, CA ($832.8m) on October 5th, which was has been operating under a Cease & Desist order since April 9, 2009.

The removals include the failures last Friday – Warren Bank, Jennings State Bank, and Southern Colorado National Bank. The OCC terminated a Formal Agreement against Pacific National Bank, Miami, FL on September 29th.

The other deletion was Venture Bank which was misidentified with the bank of the same name based out of Washington that failed on September 11th. We were notified of the error by a reader and greatly appreciate the assistance in maintaining the accuracy of this list.

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".