by Calculated Risk on 6/01/2013 08:04:00 AM

This is an unofficial list of Problem Banks compiled only from public sources.

Here is the unofficial problem bank list for May 31, 2013.

Changes and comments from surferdude808:

As expected, the FDIC released quarterly industry results for the first quarter on Wednesday and its enforcement action activity through April 2013 on Friday. Also, the FDIC closed a bank today. These actions contributed to many changes to the Unofficial Problem Bank List. In all, there were eight removals and two additions, which leave the list with 761 institutions with assets of $277.3 billion. A year ago, the list held 927 institutions with assets of $355.7 billion.

After the changes this week, assets declined by $6.5 billion. However, $4.9 billion of the decline came from asset shrinkage during the first quarter. For the month of May, the list declined by 14 institutions and assets by $8.0 billion. The month included five additions, four failures, four unassisted mergers, and 11 action terminations. Since March 2012, the 11 action terminations match the lowest total posted in October 2012. Along with industry quarterly results, the FDIC released the Official Problem Bank count of 612 institutions with assets of $213.3 billion. We anticipated the difference between the two lists to come in at 150 institutions, which was close to the actual difference of 149. The difference peaked at 185 in the second quarter of 2012.

Removals include the failed Banks of Wisconsin, Kenosha, WI ($134 million). The FDIC terminated actions against First Mariner Bank, Baltimore, MD ($1.3 billion Ticker: FMAR); Cornerstone Community Bank, Saint Petersburg, FL ($230 million); BANKWEST, Rockford, MN ($105 million); Bank of South Texas, McAllen, TX ($78 million); Metro Phoenix Bank, Phoenix, AZ ($76 million); Midwest Community Bank, Plainville, KS ($72 million); and First State Bank, Wilmot, SD ($38 million).

The two additions this week were Enterprise Bank of South Carolina, Ehrhardt, SC ($404 million) and North Milwaukee State Bank, Milwaukee, WI ($90 million).

There is nothing new to report on the status of Capitol Bancorp's banking subsidiaries, particularly 1st Commerce Bank, North Las Vegas ($24 million), which is subject to a sealed hearing on the ability of the Nevada Department of Business and Industry's Financial Institutions Division to terminate its banking charter. We will continue to monitor the status next week.