by Calculated Risk on 2/20/2010 09:31:00 PM

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

The Unofficial Problem Bank List increased by a net of 12 institutions this week with 15 additions and 3 removals. However, aggregate assets fell by about $500 million to $329 billion.

Removals include two of the four institutions that failed on Friday -- La Jolla Bank, FSB ($3.8 billion) and Marco Community Bank ($138 million). It appears that the other failures -- George Washington Savings Bank, and The La Coste National Bank were not subject to any formal enforcement action.

The other removal was Hiawatha National Bank ($45 million) as the OCC terminated a Formal Agreement in April 2009 but waited until this month to disclose the termination.

Among the 15 additions are National Bank of Commerce, Superior, WI ($573 million); The Farmers National Bank of Prophetstown, Prophetstown, IL ($410 million); and The Farmers National Bank of Buhl, Buhl, ID ($386 million), which is the first appearance of an Idaho-based institution on the list.

As anticipated in the February 5th commentary, Palm Desert National Bank came back on the list this week as the OCC issued a Consent Order after terminating a Formal Agreement.

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".