by Calculated Risk on 10/02/2009 09:15:00 PM

This is an unofficial list of Problem Banks. All three banks failures today were on this list (Warren Bank, Warren, Michigan; Jennings State Bank, Spring Grove, Minnesota; Southern Colorado National Bank, Pueblo, Colorado)

Changes and comments from surferdude808:

The Unofficial Problem Bank List increased by a net four institutions during the week to 463. Aggregate assets increased by $1.5 billion to $298.6 billion.

Additions include three Illinois-based institutions -- Valley Bank, Moline ($691m); Highland Community Bank, Chicago ($120m); and Freedom Bank, Sterling ($86m) - and First Utah Bank, Salt Lake City ($358m) and Coastal Community Bank, Everett, WA ($262m).

The state banking department of Illinois may be the only state department that publicly releases its enforcement actions. We wish other state banking departments would follow Illinois’ lead by providing transparency around their actions.

There is one deletion from last week’s list -- Waterford Village Bank, Williamsville, NY, which we inadvertently missed removing from the list when it failed on July 24th. We greatly appreciate all feedback received in making this list as accurate as possible.

The only other notable change to the list is the addition of a Prompt Corrective Action order against Partners Bank, Naples, FL issued on September 18th. The OTS had previously placed Partners Bank under a Cease & Desist Order on August 21st.

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".