by Calculated Risk on 12/02/2018 08:21:00 AM

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

Here is the unofficial problem bank list for November 2018.

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

Update on the Unofficial Problem Bank List for November 2018. During the month, the list increased by three institutions to 78 banks. Aggregate assets declined from $56.3 billion to $53.9 billion, with most of the change coming from a $2.8 reduction because of a move to updated third quarter financials. A year ago, the list held 108 institutions with assets of $25.5 billion.

Additions this month include Eastern National Bank, Miami, FL ($414 million); The Morris County National Bank of Naples, Naples, TX ($100 million); and Columbia Savings and Loan Association, Milwaukee, WI ($24 million). Columbia Savings originally debuted on the list in July 2011 and was removed in August 2017. Perhaps the removal in 2017 was premature.

On November 20th, the FDIC released industry results for the third quarter of 2018 and disclosed that the Official Problem Bank List held 71 banks with assets of $53.3 billion.