Problem Banks Increase Again The latest FDIC Quarterly Banking Profile shows a 10% increase in the number of Problem Banks to 775 at March 31, 2010, up from 702 at December 31, 2009.    Although industry trends show improvement over previous quarters, almost 19% of all banking institutions reported net losses for the quarter, down from 22% a year earlier.   According to FDIC [...]

Quarterly Banking Profile December 31, 2009 The FDIC Quarterly Banking Profile for the latest quarter ending December 31, 2009 continues to show a banking industry struggling with record levels of charge-offs and noncurrent loans. Net Charge-offs And Noncurrent Loans At Record Levels Net charge-offs for the fourth quarter of $53 billion increased by $14.4 billion over the same period [...]

FDIC 2009 Third Quarter Banking Profile Depicts Troubled Banking Industry The FDIC released its Quarterly Banking Profile today which shows continued deterioration in the financial performance of the banking industry during the third quarter of 2009. The Quarterly Banking Profile depicts a banking industry that continues to struggle as shown by deteriorating loan quality, increased [...]

Banking Industry – Recovery or Another Bailout? The latest FDIC Quarterly Banking Profile shows a banking industry still in turmoil, as non performing loans reached all time highs.  The banking industry reported an aggregate net loss of $3.7 billion in the latest quarter ending June 30, 2009 compared to a year ago quarterly profit of $4.7 billion.  (Please see FDIC 2009 [...]

Quarterly Banking Profile, June 30, 2009 On August 27, 2009, the FDIC released their Quarterly Banking Profile for the Second Quarter of 2009. The Banking Profile depicts a banking industry that continues to struggle as shown by deteriorating loan quality, an increased number of banks on the Problem Bank List, a declining FDIC Insurance Fund, aggregate losses of $3.7 billion, increased [...]

Banking Failures Continue Banks are facing numerous problems in the current banking crisis.   Mortgage defaults continue to rise to unprecedented levels, commercial loans are forecast to be the next black hole in bank balance sheets and loan volume continues to contract. The FDIC has been closing banks at what appears to be a leisurely pace due to the difficulty in finding other [...]

Quarterly Banking Profile, March 31, 2009 On May 27, 2009, the FDIC released their Quarterly Banking Profile for the First Quarter of 2009. Highlights of the FDIC report include the following: Banks reported earnings in the four quarter 61% lower than a year ago, earning a net profit of $7.6 billion.  This was a major recovery from the $36.9 billion net loss reported in the fourth [...]

On April 22, 2009, the FDIC released their Quarterly Banking Profile for the Fourth Quarter of 2008. Banks insured by the FDIC reported $32.1 billion in net losses for the fourth quarter 2008.  This was the first time since 1990 that the banks had a quarterly loss.  In the fourth quarter of 2007 the banking industry earned $575 million. The banking industry’s losses were [...]

On November 25, the FDIC released their Quarterly Banking Profile for the Third Quarter of 2008. Banks reported net income of $1.7 billion for the third quarter of 2008. This represents a decline of 94% from the third quarter of 2007. Banks reported $7.6 billion of losses on sales of securities for the quarter, compared to a gain of $77 million for last year’s third quarter. Nine [...]