Posted by Howard Lothrop on Mon, Jan 30, 2012 @ 09:21 AM
On Friday January 27, the FDIC was named receiver for BankEast (TN), Patriot Bank Minnesota (MN), Tennessee Commerce Bank (TN) and First Guaranty Bank and Trust (FL).
A link to our bank ratings report is shown below.
BankEast
Patriot Bank Minnesota
Tennessee Commerce Bank
First Guaranty Bank and Trust
As is typical, an examination of the financial position of these banks indicate well below normal capital levels and generally well above normal noncurrent loans. In fact, BankEast had about less than 1% capital as of Sept 30, while the others had 2% capital or less at quarter end.
You can learn more about our bank ratings system, including video tutorials, on our website.
Photo provided by Nina Matthews Photography
Download your bank's asset liability report.
Posted by Howard Lothrop on Mon, Jan 23, 2012 @ 08:55 AM
On Friday January 20, the FDIC was named receiver for American Eagle Savings Bank (PA), The First State Bank (GA), and Central Florida State Bank (FL).
A link to our bank ratings report is shown below.
American Eagle Savings Bank
The First State Bank
Central Florida State Bank
As is typical, an examination of the financial position of these banks indicate well below normal capital levels and generally well above normal noncurrent loans. The odd man out seems to be American Eagle, which was basically wound down before being closed..
You can learn more about our bank ratings system, including video tutorials, on our website.
Photo provided by Nina Matthews Photography
Download your bank's asset liability report.
Posted by Howard Lothrop on Mon, Dec 19, 2011 @ 07:43 AM
On Friday December 16, the FDIC was named receiver for Western National Bank (AZ) and Premier Community Bank of the Emerald Coast (FL).
A link to our bank ratings report is shown below.
Western National Bank
Premier Community Bank
As is typical, an examination of the financial position of these banks indicate well below normal capital levels and generally well above normal noncurrent loans. In fact, Western only had about 1% capital as of Sept 30, while Premier's capital at quarter end was actually negative.
You can learn more about our bank ratings system, including video tutorials, on our website.
Photo provided by Nina Matthews Photography
Download your bank's asset liability report.
Posted by Howard Lothrop on Mon, Nov 21, 2011 @ 08:04 AM
On Friday November 18, the FDIC was named receiver for Central Progressive Bank (LA) and Polk County Bank (IA).
A link to our bank ratings report is shown below.
Central Progressive Bank
Polk County Bank
As is typical, an examination of the financial position of these banks indicate well below normal capital levels and generally well above normal noncurrent loans.
You can learn more about our bank ratings system, including video tutorials, on our website.
Photo provided by Nina Matthews Photography
Download your bank's asset liability report.
Posted by Howard Lothrop on Thu, Nov 10, 2011 @ 04:50 PM
On Thursday November 10, the FDIC was named receiver for Community Bank of Rockmart (GA).
A link to our bank ratings report is shown below.
Community Bank of Rockmart
As is typical, an examination of the financial position of this bank indicates well below normal capital levels and generally well above normal noncurrent loans.
You can learn more about our bank ratings system, including video tutorials, on our website.
Photo provided by Nina Matthews Photography
Download your bank's asset liability report.
Posted by Howard Lothrop on Mon, Nov 07, 2011 @ 10:00 AM
On Friday November 4, the FDIC was named receiver for SunFirst Bank (UT) and Mid City Bank (NE).
A link to our bank ratings reports is shown below.
SunFirst Bank
Mid City Bank
As is typical, an examination of the financial position of Mid City Bank indicates well below normal capital levels and generally well above normal noncurrent loans.
SunFirst presents a slightly different set of issues with published reports indicating the bank did not have sufficient capital to operate in a safe and sound manner, compounded by the Federal indictment of the SunFirst Chairman for actions related to the processing of online poker payments.
You can learn more about our bank ratings system, including video tutorials, on our website.
Photo provided by Nina Matthews Photography
Download your bank's asset liability report.
Posted by Howard Lothrop on Mon, Oct 31, 2011 @ 12:11 PM
On Friday October 28, the FDIC was named receiver for All American Bank (IL).
A link to our bank ratings report is shown below.
All American Bank
As is typical, an examination of the financial position of this bank indicates well below normal capital levels and generally well above normal noncurrent loans.
You can learn more about our bank ratings system, including video tutorials, on our website.
Photo provided by Nina Matthews Photography
Download your bank's asset liability report.
Posted by Howard Lothrop on Mon, Oct 24, 2011 @ 01:53 PM
On Friday October 21, the FDIC was named receiver for Community Banks of Colorado (CO), Community Capital Bank (GA), Decatur First Bank (GA) and Old Harbor Bank (FL).
A link to our bank ratings reports is shown below.
Community Banks of Colorado
Community Capital Bank
Decatur First Bank
Old Harbor Bank
As is typical, an examination of the financial position of these banks indicates well below normal capital levels and generally well above normal noncurrent loans.
You can learn more about our bank ratings system, including video tutorials, on our website.
Photo provided by Nina Matthews Photography
Download your bank's asset liability report.
Posted by Howard Lothrop on Mon, Oct 17, 2011 @ 09:49 AM
On Friday October 14, the FDIC was named receiver for Country Bank (IL), First State Bank (NJ), Blue Ridge Savings Bank (NC)and Piedmont Community Bank (GA).
A link to our bank ratings reports is shown below.
Country Bank
First State Bank
Blue Ridge Savings Bank
Piedmont Community Bank
As is typical, an examination of the financial position of these banks indicates well below normal capital levels and generally well above normal noncurrent loans.
Country Bank offers an especially chilling perspective on how quickly a bank can fail once problem loans are identified and subjected to the regulatory examination process. Country Bank's June 2010 Ratings Report showed a 5 star rating with over 11% capital and less than 1% noncurrent loans. Noncurrent loans rose from virtually zero a year ago to over 40% as of June 30 2011.
You can learn more about our bank ratings system, including video tutorials, on our website.
Photo provided by Nina Matthews Photography
Download your bank's asset liability report.
Posted by Howard Lothrop on Mon, Oct 10, 2011 @ 07:56 AM
On Friday October 7, the FDIC was named receiver for the Sun Security Bank (MO) and The RiverBank (MN).
A link to our bank ratings report is shown below.
Sun Security Bank
The RiverBank
As is typical, an examination of the financial position of this bank indicates well below normal capital levels and well above normal noncurrent loans.
You can learn more about our bank ratings system, including video tutorials, on our website.
Photo provided by Nina Matthews Photography
Download your bank's asset liability report.