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Bailout

: Calculated Risk

Unofficial Problem Bank List increases to 605

By Anonymous

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Note: Earlier employment posts today:

Employment Report: 20K Jobs Lost, 9.7% Unemployment Rate for graphs of unemployment rate and a comparison to previous recessions.

Employment-Population Ratio, Part Time Workers, Temporary Workers

Unemployed over 26 Weeks and Seasonal Adjustment

This is an unofficial list of Problem Banks compiled only from public sources. Changes and comments from surferdude808:

During the week, the Unofficial Problem Bank List changed by a net of six institutions to 605 and aggregate assets increased to $328.7 billion from $322.5 billion.
Deletions include the one failure tonight -- 1st American State Bank of Minnesota, and one action that was terminated by the OCC against Palm Desert National Bank during January. However, look for Palm Desert National Bank to come back on the list in the near future as the Federal Reserve issued a Written Agreement against the bank?s parent company this week. Frequently during this cycle, the OCC will terminate a Supervisory Agreement only to replace it with a Cease & Desist or Consent Order.
There were eight additions this week including Bank of Smithtown, Smithtown, NY ($2.7 billion, Ticker: SMTB); CF Bancorp, Port Huron, MI ($1.8 billion, Ticker: CTZN); The Cowlitz Bank, Longview, WA ($578 million, Ticker: CWLZ); and Stoneham Savings Bank, Stoneham, MA ($426 million).

The list is compiled from regulator press releases or from public news sources (see Enforcement Action Type link for source). The FDIC data is released monthly with a delay, and the Fed and OTC data is more timely. The OCC data is a little lagged. Credit: surferdude808.

See description below table for Class and Cert (and a link to FDIC ID system).

For a full screen version of the table click here.

The table is wide - use scroll bars to see all information!

NOTE: Columns are sortable - click on column header (Assets, State, Bank Name, Date, etc.)

Class: from FDIC

The FDIC assigns classification codes indicating an institution's charter type (commercial bank, savings bank, or savings association), its chartering agent (state or federal government), its Federal Reserve membership status (member or nonmember), and its primary federal regulator (state-chartered institutions are subject to both federal and state supervision). These codes are:
N National chartered commercial bank supervised by the Office of the Comptroller of the Currency
SM State charter Fed member commercial bank supervised by the Federal Reserve
NM State charter Fed nonmember commercial bank supervised by the FDIC
SA State or federal charter savings association supervised by the Office of Thrift Supervision
SB State charter savings bank supervised by the FDIC

Cert: This is the certificate number assigned by the FDIC used to identify institutions and for the issuance of insurance certificates. Click on the number and the Institution Directory (ID) system "will provide the last demographic and financial data filed by the selected institution".

Full post as published by Calculated Risk on February 06, 2010 (boomark / email).