Bank Ratings and Bank Failures December 16 2011
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
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