Fw Intelligence December 2019: Unofficial Occupation Banking Concern Listing Increased To 67 Institutions, Q4 2019 Transition Matrix

Note: Surferdude808 compiles an unofficial listing of Problem Banks compiled exclusively from populace sources. DISCLAIMER: This is an unofficial list, the data is from populace sources too piece deemed to last reliable is non guaranteed. No warranty or representation, expressed or implied, is made equally to the accuracy of the data contained herein too same is discipline to errors too omissions. This is non intended equally investment advice. Please contact CR alongside whatsoever errors.

Here is the unofficial occupation banking firm list for Dec 2019.

Here are the monthly changes too a few comments from surferdude808:

Update on the Unofficial Problem Bank List for December2019. During the month, the listing increased past times ii to 67 institutions after 1 removal too iii additions. Assets increased past times $104 1000000 to $51.1 billion. Influenza A virus subtype H5N1 twelvemonth ago, the listing held 78 institutions alongside assets of $53.9 billion.

This month, the activity against The First National Bank of Scott City, Scott City, KS ($116 million) was terminated. Added this calendar month was First National Bank inward Fairfield, Fairfield, IA ($145 million); KansasLand Bank, Quinter, KS ($53 million); too The First National Bank of Fleming, Fleming, CO ($22 million). The FDIC issued a Prompt Corrective Action club against The Farmers Bank, Carnegie, OK ($91 million).

With the decision of the quaternary quarter, nosotros convey an updated transition matrix to special how banks are transitioning off the Unofficial Problem Bank List. Since the Unofficial Problem Bank List was showtime published on August 7, 2009 alongside 389 institutions, 1,757 institutions select appeared on a weekly or monthly listing since the cause down of publication. Only 3.8 per centum of the banks that select appeared on a listing stay today equally 1,690 institutions select transitioned through the list. Departure methods include 996 activity terminations, 409 failures, 266 mergers, too xix voluntary liquidations. Of the 389 institutions on the showtime published list, exclusively five or 1.3 percent, are nevertheless designated equally beingness inward a troubled condition to a greater extent than than 10 years later. The 409 failures correspond 23.3 per centum of the 1,757 institutions that select made an appearance on the list. This failure charge per unit of measurement is good higher upwardly the 10-12 per centum charge per unit of measurement often cited inward media reports on the failure charge per unit of measurement of banks on the FDIC's official list.

Unofficial Problem Bank List
Change Summary
		Number of Institutions	Assets ($Thousands)
Start (8/7/2009)		389	276,313,429
Subtractions
	Action Terminated	180	(68,469,804)
	Unassisted Merger	41	(10,072,112)
	Voluntary Liquidation	5	(10,672,586)
	Failures	158	(186,397,337)
	Asset Change		587,539
Still on List at 12/31/2019		5	1,289,129
Additions after 8/7/2009		62	49,858,328
End (12/31/2019)		67	51,147,457
Intraperiod Removals1
	Action Terminated	816	326,978,159
	Unassisted Merger	225	84,625,963
	Voluntary Liquidation	14	2,558,186
	Failures	251	125,351,580
	Total	1,306	539,513,888
1Institution non on 8/7/2009 or 12/31/2019 listing exactly appeared on a weekly list.