June 13, 2009 2:07 PM Subscribe
posted by A dead Quaker (15 comments total)
7 users marked this as a favorite
Curious about the health of your bank? You might find BankTracker
helpful. This site crunches the FDIC's publicly available numbers
on banks' deposits, loans, and nonperforming loans, and makes them available in a search interface for banks
and credit unions
Also interesting are the blog posts. From one of the most recent
Total troubled assets – the sum of loans more than 90 days past due and the value of foreclosed property banks on bank books – increased to $285 billion at the end of March, up from $237 billion at the end of 2008. At the end of March 2008, the banks only had $137 billion in nonperforming loans and foreclosed property on their books.
The combination of lower profits and more bad loans meant that more banks saw their capital under growing stress. As of March 31, 238 banks had more troubled assets on their books than they had in capital and loan loss reserves. At the end of December 2008, 165 banks had a “troubled asset ratio” of greater than 100 percent. Only 44 banks fell into that category a year ago.