Bank Financial Information
as of the June 30, 2014 Call Report
Regulatory Enforcement Actions Updated Weekly

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The iBank Monitor database has been updated with June 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 431 banks this week representing $160.1 billion in total assets. The FDIC's June 30, 2014 quarterly report mentioned the existence of 353 "problem" banks, the identity of which have not been publicly disclosed.


While the iBank Monitor Watch List contains 78 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 43 with total assets of $18.3 billion, down from 57 banks based on the March 31, 2014 Call Report data. 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.

The change in the current number of Critical List banks is attributable to:
  • Nine bank failures since March 31, 2014,
  • Twelve banks left the list due to an improved financial condition or merger: The Bank of Commerce, Sarasota, FL; Georgia Heritage Bank, Dallas, GA; Providence Bank, Alpharetta, GA; Stephens Federal Bank, Toccoa, GA; Westside Bank, Hiram, GA; FirstSecure Bank and Trust Co., Palos Hills, IL; First Federal Savings, Hammond, IN; First Mariner Bank, Baltimore, MD; Boundary Waters Bank, Ely, MN; New Millennium Bank New Brunswick, NJ; The Ohio Sate Bank, Marion, OH; and Enterprise Bank of South Carolina, Ehrhardt, SC; and
  • Four banks were added to the list due to deteriorating financial condition: Lafayette State Bank, Mayo, FL; Baytree National Bank and Trust, Lake Forest, IL; Edgebrook Bank, Chicago, IL; and Doral Bank, San Juan, PR.

Doral Bank, an $8 billion institution based in San Juan, Puerto Rico is the largest bank to be added to the Critical List in several months. The bank's financial condition has been rocked by mounting problem assets and a significant drop in equity during the second quarter of 2014. Click here for financial summary. There are efforts underway to shed problem assets, however, there appear to be significant legal and political obstacles yet to overcome.

At the other end of the spectrum, the $101 million Lafayette State Bank in Mayo, Florida made a $5 million loan loss provision and $1.8 million in charge-offs in the second quarter which produced a sharp drop in Risk Based Capital to 6.92%. Click here for financial summary. This is the only bank on the Critical List without any regulatory enforcement actions.

For the following five Critical List banks, we have noted positive news that should result in their departure from the List by year end. Click here for Critical List summary.

  • Pan American Bank, Los Angeles, CA
  • Premier Bank, Denver, CO
  • First National Bank of Crestview, Crestview, FL
  • Idaho Banking Company, Boise, ID
  • Bank of the Carolinas, Mocksville, NC

For comprehensive Watch and Critical List bank reports and schedules, please visit refer to specific website pages.

iBank Monitor Critical List

iBank Monitor Critical List identifies the most troubled U.S. banks using a proprietary financial screening process. Excluding quarter to date bank failures, the Critical List contains 43 banks with combined total assets of $18.3 billion.

The Critical List methodology evaluates the following attributes in relation to all banks:

  • Risk Based Capital Ratios,
  • The level of Non Performing Loans and Other Real Estate Owned (OREO),
  • Tangible Equity,
  • Net Income (Loss), and
  • The existence of Regulatory Prompt and Corrective Capital Enforcement Actions.

iBank Monitor Watch List

The iBank Monitor Watch List contains
 431 banks representing $160.1 billion in total assets which continues to improve as additional regulatory enforcement actions are terminated. The Watch List is based on the analysis of current financial information and public regulatory enforcement actions and attempts to identify and correlate bank names to the quarterly list of FDIC "troubled banks".

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Regulatory Enforcement Actions

Our Regulatory Enforcement Action database is continually updated, focusing on bank asset quality enforcement directives. The result is a single, comprehensive source of
Regulatory Enforcement Actions which include: formal agreements, consent orders, cease and desist orders,and prompt and corrective actions.

While the FDIC, Office of the Comptroller of the Currency (OCC) and the Federal Reserve Bank (FRB) each have separate enforcement action search pages, which are sporadically updated, they can be cumbersome to review.

Our Subscribers, however, can access detailed Regulatory Enforcement Action Lists including custom search features as well as a concise list of all outstanding Prompt and Correction Actions.

** September 30, 2014 Issue **

The September 30, 2014 Community Bank Stock Price Volatility Survey is now available on our affiliated website Volatility Informatics.

This issue represents our twenty eighth consecutive quarterly Survey of U.S. community banks - a trusted source for bank CFO's and CPA's since 2007.

Volatility Informatics provides:

  • Support for Stock Price Volatility Assumptions for Equity Grant Fair Value calculations using Black Scholes Models to comply with ASC 718 (FAS 123R).
  • Independent objective information to maintain CPA / Client Audit Independence.
  • Custom Studies and Fair Value consultations.

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