by Calculated Risk on 9/27/2014 08:12:00 AM

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

Here is the unofficial problem bank list for Sept 26, 2014.

Changes and comments from surferdude808:

The FDIC provided us with an update on its enforcement action activities through August. The update led to five removals and two additions that leave the Unofficial Problem Bank List at 432 institutions with assets of $136.8 billion. A year ago, the list held 690 institutions with assets of $240.5 billion. For the month, the list declined by seven institutions after eight action terminations, two mergers, and three additions. Over the past 28 months, the list has been declining but the drop this month is the smallest over this period.

The FDIC terminated actions against The Bank of Elk River, Elk River, MN ($350 million); Flathead Bank of Bigfork, Montana, Bigfork, MT ($209 million); First State Bank, Wrens, GA ($90 million); Waterman State Bank, Waterman, IL ($42 million); and Marshall County State Bank, Varna, IL ($28 million).

The FDIC issued actions against Independence Bank, East Greenwich, RI ($53 million) and Alamerica Bank, Birmingham, AL ($39 million).

Next week should be light in terms of changes to the list but we will bring an update to the problem bank transition matrix.

CR Note: The first unofficial problem bank list was published in August 2009 with 389 institutions. The list peaked at 1,002 institutions on June 10, 2011, and is now down to 432.