Bank Financial Information
as of the September 30, 2014 Call Report
Regulatory Enforcement Actions Updated Weekly
The iBank Monitor database has been updated with September 30, 2014 Call Report financial information as well as a re-fresh of all new regulatory enforcement actions and terminations. As a result, the iBank Monitor Watch List improved to 391 banks this week representing $145.0 billion in total assets. The FDIC's September 30, 2014 quarterly report mentioned the existence of 329 "problem" banks, the identity of which have not been publicly disclosed.
New Additions to the Watch List as of September 30, 2014:
While the iBank Monitor Watch List contains 62 more banks than the FDIC's "problem" bank count, the difference is attributable to regulators' long standing delay in coordinating and terminating enforcement actions for banks and their holding companies. The existence of open/non-terminated enforcement actions against a bank or its holding company are automatic triggers for inclusion on the iBank Monitor Watch List.
The total count of iBank Monitor Critical List banks is now 38 with total assets of $14.6 billion down from 41 banks based on the June 30th Call Report data.
New additions to the Critical List for September 30, 2014:
Banks departing the Critical List as of September 30, 2014:For tenured Critical List banks, the story remains the same - their assets are shrinking, management continues to write off or work out troubled assets, and capital has been depleted in anticipation of being rescued, sold or closed. During the height of the banking crisis the Critical List hovered around 120 banks at any given time, and today the norm has settled to a much lower level.
For comprehensive Watch and Critical List bank reports and schedules, please visit refer to specific website pages.
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