by Calculated Risk on 2/27/2016 02:56:00 PM

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

Here is the unofficial problem bank list for February 2016.

Changes and comments from surferdude808:

Update on the Unofficial Problem Bank List for February 2016. During the month, the list fell from 238 institutions to 228 after 11 removals and two additions. Assets dropped by $3.5 billion to an aggregate $66.0 billion. The asset total was updated to reflect fourth quarter figures, which resulted in a small increase of $728 million. A year ago, the list held 357 institutions with assets of $109.2 billion. This past week, the FDIC released fourth quarter industry results and an update on the Official Problem Bank List. FDIC said the official list held 183 problem banks, a decline of 20 during the quarter. Over the same horizon, the unofficial list declined by 27 banks.

Actions have been terminated against Centrue Bank, Streator, IL ($942 million Ticker: TRUE); Four Oaks Bank & Trust Company, Four Oaks, NC ($690 million); OneUnited Bank, Boston, MA ($649 million); New Peoples Bank, Inc., Honaker, VA ($634 million; Highlands Union Bank, Abingdon, VA ($618 million Ticker: HBKA); Arthur State Bank, Union, SC ($459 million); The First National Bank of Russell Springs, Russell Springs, KY ($206 million); The First National Bank of Absecon, Absecon, NJ ($147 million Ticker: ASCN); Asian Bank, Philadelphia, PA ($130 million); F&M Bank and Trust Company, Hannibal, MO ($114 million); and Ruby Valley National Bank, Twin Bridges, MT ($91 million).

Gateway Bank, FSB, Oakland, CA ($142 million) found a merger partner in order to get off the list. [UPDATE: This was an error, Gateway did not merge.]

Additions this month were Dieterich Bank, N.A., Dieterich, IL ($574 million) and Louisa Community Bank, Louisa, KY ($32 million).