One Out Of Every Ten Banks Is A “Problem Bank”


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The number of Problem Banks has remained stubbornly high since the start of the banking/financial crisis in 2008. Prior to 2008, the number of problem banks was relatively small. For example, in 2007, only 76 banks were classified as problem banks. After 2008, the number of problem banks soared, reaching a high of 884 in December 2010.
The recently issued FDIC Quarterly Banking Profile for the first quarter of 2012 showed a decline in the number of problem banks to 772, but the total is still historically very high. The number of problem banks currently comprise 10.5% of the 7,359 federally insured banks and savings associations. Total assets of the problem banks total $292.1 billion as of March 31, 2012.

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