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How secure is your bank? Do you want to know?
Posted:
Sun Oct 09, 2011 11:45 amby Copper Catcher
http://banktracker.investigativereportingworkshop.org/If you go to this link you can search your bank by name or you can look by city or state as well:
http://banktracker.investigativereporti ... org/banks/ It is really interesting to see the troubled asset ratio graph!
You are able to view information on the lastest number for the banks:
Assets
Deposits
Loans
Loan loss provision
Profit
Capital
Reserves
Loans 90 days or more past due
Non-accruing loans
Other real estate owned
Capital plus reserves
Total troubled assets
Re: How secure is your bank? Do you want to know?
Posted:
Sun Oct 09, 2011 12:30 pmby 68Camaro
Well that's interesting. By that measure, every bank in my area but one is above the national average in troubled loans, most 2x or more. Only one, a modest local bank HQ'd here, is below the national average. Don't know if these are local numbers or overall corporate numbers.
Re: How secure is your bank? Do you want to know?
Posted:
Sun Oct 09, 2011 1:00 pmby natsb88
My old bank, a bigger multi-state bank, where I still have a few personal accounts, is way above the national average at 24%. My new bank, a local bank with only 6 branches, where I have all my business stuff and will probably move my personal stuff, is way below the national average at 5.3%. At their worst, it was 6.9%.
Re: How secure is your bank? Do you want to know?
Posted:
Sun Oct 09, 2011 1:17 pmby avidbrandy
Hooray for USAA
Re: How secure is your bank? Do you want to know?
Posted:
Sun Oct 09, 2011 6:52 pmby agmoose
Not too bad - USAA and Grow Financial CU (in FL).
Re: How secure is your bank? Do you want to know?
Posted:
Mon Oct 10, 2011 7:47 amby Lemon Thrower
bank analysis is not as simple as looking at a few metrics because the quality of their loan portfolios differ substantially. if i were going to look at a single metric, i would look at tangible book value.
Re: How secure is your bank? Do you want to know?
Posted:
Mon Oct 10, 2011 4:28 pmby Delawhere Jack
YIKES! Looks like I might want to find a new bank. 4x national average. I'm not surprised, the bank primarily focused on commercial real estate lending through the boom. Commercial defaults / delinquencies have been lagging behind residential, but that is changing quickly. Commercial real estate, particularly retail, is DEAD around here. Drive down the major corridor between Wilmington and Newark and you'll see a dozen shopping centers with 1/2 to 3/4 vacancies.
Re: How secure is your bank? Do you want to know?
Posted:
Mon Oct 10, 2011 7:19 pmby Copper Catcher
Lemon Thrower wrote:bank analysis is not as simple as looking at a few metrics because the quality of their loan portfolios differ substantially. if i were going to look at a single metric, i would look at tangible book value.
If you can get that type of information free let me know where to find it!