by Calculated Risk on 4/01/2018 08:19:00 AM

Note: Surferdude808 compiles an unofficial list of Problem Banks compiled only from public sources.

Here is the unofficial problem bank list for March 2018.

Here are the monthly changes and a few comments from surferdude808:

Update on the Unofficial Problem Bank List for March 2018. During the month, the list fell by three institutions to 98 after four removals and one addition. Assets declined to $19.9 billion from $20.5 billion a month earlier. A year ago, the list held 151 institutions with assets of $41.3 billion.

This month, actions were terminated against The National Capital Bank of Washington, Washington, DC, ($430 million); First Bank and Trust Company of Illinois, Palatine, IL ($192 million); Grand Mountain Bank, FSB, Granby, CO ($109 million); and State Bank of Nauvoo, Nauvoo, IL ($31 million). Added this month was The Citizens State Bank, Okemah, OK ($126 million).

With it being the end of the first quarter, we bring an updated transition matrix to detail how banks are moving off the Unofficial Problem Bank List. Since the Unofficial Problem Bank List was first published on August 7, 2009 with 389 institutions, a total of 1,727 institutions have appeared on a weekly or monthly list at some point. Only 5.7 percent of the banks that have appeared on a list remain today. In all, there have been 1,629 institutions that have transitioned through the list. Departure methods include 952 action terminations, 406 failures, 254 mergers, and 17 voluntary liquidations. Of the 389 institutions on the first published list, only 9 or 2.3 percent still remain in a designated troubled status more than eight years later. The 406 failures represent 23.5 percent of the 1,727 institutions that have made an appearance on the list. This failure rate is well above the 10-12 percent rate frequently cited in media reports on the failure rate of banks on the FDIC's official list.

Unofficial Problem Bank List
Change Summary
		Number of Institutions	Assets ($Thousands)
Start (8/7/2009)		389	276,313,429
Subtractions
	Action Terminated	178	(65,500,762)
	Unassisted Merger	40	(9,818,439)
	Voluntary Liquidation	4	(10,584,114)
	Failures	158	(186,397,337)
	Asset Change		(310,473)
Still on List at 3/31/2018		9	3,702,304
Additions after 8/7/2009		89	16,170,780
End (3/31/2018)		98	19,873,084
Intraperiod Removals1
	Action Terminated	774	319,115,959
	Unassisted Merger	214	81,811,303
	Voluntary Liquidation	13	2,515,855
	Failures	248	125,152,210
	Total	1,249	528,595,327
1Institution not on 8/7/2009 or 3/31/2018 list but appeared on a weekly list.