Q4 2022 Update: Unofficial Problem Bank list Decreased to 49 Institutions; Search for "Whale" Continues
The FDIC's official problem bank list is comprised of banks with a CAMELS rating of 4 or 5, and the list is not made public (just the number of banks and assets every quarter). Note: Bank CAMELS ratings are also not made public.
CAMELS is the FDIC rating system, and stands for Capital adequacy, Asset quality, Management, Earnings, Liquidity and Sensitivity to market risk. The scale is from 1 to 5, with 1 being the strongest.
As a substitute for the CAMELS ratings, surferdude808 is using publicly announced formal enforcement actions, and also media reports and company announcements that suggest to us an enforcement action is likely, to compile a list of possible problem banks in the public interest.
Update on the Unofficial Problem Bank List through December, 2022. Since the last update at the end of September 2022, the list decreased by two to 49 institutions after four additions and six removals. Assets decreased by $401 million to $51.1 billion, with the change primarily resulting from a $1.3 billion decrease from updated asset figures through September 30, 2021. A year ago, the list held 57 institutions with assets of $56.6 billion. Added during the fourth quarter of 2022 was Union County Savings Bank, Elizabeth, NJ ($1.8 billion); Union State Bank, Pell City, AL ($266 million); Citizens Savings Bank and Trust Company, Nashville, TN ($140 million); and Wabash Savings Bank, Mount Carmel, IL ($9.8 million). Removals during the quarter because of action termination included Quontic Bank, New York, NY ($793 million); Cecil Bank, Elkton, MD ($243 million); Neighborhood National Bank, San Diego, CA ($119 million); The First National Bank of Hope, Hope, KS ($82 million); and Home Bank of Arkansas, Portland, AR ($65 million). Ashton State Bank, Ashton, NE ($20 million) found their way off this list through a voluntary merger.
On December 1, 2022, the FDIC released third quarter results and provided an update on the Official Problem Bank List. While FDIC did not make a comment within its press release on the Official Problem Bank List, they provided details in an attachment that listed 42 institutions with assets of $164 billion. In its 2022 first quarter release, the FDIC list had a material $119 billion increase in assets.
It has been more than six months since that enforcement action was issued, so it seems the primary regulator considers this a “reasonable time” before it informs the public of a large troubled institution.
Regulators still haven't disclosed the "whale" (that added close to $120 billion to problem assets).
https://www.calculatedriskblog.com/2023/01/q4-2022-update-unofficial-problem-bank.html
>>18053902 pb
Planefag CONUS Update: SAM919 (XA919) G5 departed Mather Field heading to Hickam AFB, Oahu and SAM807 heading to Phoenix >>18054348 and skirting some weather to come in from the west and also have Mexican AF 3529 737 that departed Mex. City and heading NW towards Juarez for another probable p/u of muh migrants
Two new SAM departures from JBA: SAM 858 and 882 C-32As and these likely going to pickup kneepads in LAX as SAM882 was used as AF2 to drop her off on Thursday at about 1230PM PSTand wut a total WASTEas neither of these ACs have been used since SAM857 returned to JBA from dropping off kneepads at LAX as AF2 so it could have stayed
So if yer gonna go visit kneepads at her house >>18054308 you have a few hours before she leaves to the Airport-unless it leaves tomorrow
>Boring Co.
EJM473 G650 departed Palm Beach Int'l and landed at Seattle, Boeing Field about 25 minutes ago-this AC has been used by45(for rally's and personal 'bidness) and his legal team in the past-it went to Reagan National for a few hours and a reportedly 'secret' meeting with the D.O.J several weeks ago-it then went to Teterboro, NJ
>>18054468, >>18054584, >>18054616 PlaneFag Updates: SAM Flight activity over CONUS and 45 AC G650 Palm Beach to Seattle
please add
>>18054254 Q4 2022 Update: Unofficial Problem Bank list Decreased to 49 Institutions; Search for "Whale" Continues ($119B of 'assets' at FDIC but unreported as to who they came from)
SAM807 G5 went to Prescott, AZ for a quickie ground stop of around 45m (not Phoenix) and heading south