by Calculated Risk on 3/01/2014 10:21:00 AM

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

Here is the unofficial problem bank list for February 28, 2014.

Changes and comments from surferdude808:

Busy week as the FDIC closed a couple of banks, provided an update on its enforcement action activities, and released industry results and the Official Problem Bank List for the fourth quarter of 2013. In all, there were 12 removals that dropped the unofficial list to 566 institutions with assets of $182.1 billion. Assets declined by $10.9 billion from last week with $4.5 billion coming from the update to assets through year-end 2013. A year ago, the list held 808 institutions with assets of $298.1 billion.

Among the 12 removals were six action terminations, four mergers, and two failures. Action were terminated against Patriot Bank, Houston, TX ($1.3 billion); Kaw Valley Bank, Topeka, KS ($364 million); Insouth Bank, Brownsville, TN ($301 million); Northpointe Bank, Grand Rapids, MI ($300 million); SouthernTrust Bank, Goreville, IL ($49 million); and D'Hanis State Bank, Hondo, TX ($47 million). Also, the FDIC terminated a Prompt Corrective Action order against Oxford Bank, Oxford, MI ($261 million Ticker: OXBC).

Removals through unassisted mergers include First Place Bank, Warren, OH ($2.5 billion Ticker: FPFC); Great Florida Bank, Coral Gables, FL ($1.0 billion Ticker: GFLB); First National Bank of New York, Merrick, NY ($255 million); and Premier Service Bank, Riverside, CA ($128 million).

After a month off, the FDIC got back to closing two banks -- Millennium Bank, National Association, Sterling, VA ($130 million Ticker: MBVA); and Vantage Point Bank, Horsham, PA ($63 million).

The FDIC told us this week there are 467 institutions with assets of $153 billion on the Official Problem Bank List. The unofficial list has 99 more institutions and $29.1 billion more in assets. The difference is down from 130 institutions and $47.2 billion in assets last quarter. The differences have narrowed from 157 institutions and $65 billion in assets a year ago. In contrast, the official list had higher totals four years ago with 58 and $76.9 billion more in institutions and assets, respectively.