Viewing Banking Data Geographically

FYI I have not updated this page since the beginning of December, because of technical difficulties.

Do you have Google Earth installed on your computer? Click Here! to view a map detailing every bank that has failed since 2007, plus the entire Unofficial Problem Bank List?

Downloadable Google Earth Map Files

The maps linked to on this page contain individual placemarks which represent each and every active bank in the USA, in addition to every bank which has failed since the beginning of 2007.  The failures and problem banks are updated
 through Friday, 12/3/2010. 
All bank data is derived either from Call Reports filed September 30, 2010 for active banks, or from the final Call Report filed prior to failure, as may be.

Banks which have failed, or are considered 'troubled', are denoted with specific types of placemarks. 
'Troubled' banks are defined generally as exhibiting a "safety & soundness" risk, and are based on a list (called the Unofficial Problem Bank List, or "UPBL") maintained over at CalculatedRiskBlog, which is run by Bill McBride. 
The healthier (which is not necessarily to say healthy, mind you) banks are denoted by simple pushpins which are colored based on the severity of the bank's Texas Ratio. The maps each contain a legend as well.

If you don't already have Google Earth ("GE") installed on your computer, you can download it here, it will install in less time than it takes to refill the ol' coffee mug. The blue links entitled "Google Earth" below will open the referenced map in Google Earth, and the red links entitled "Maps" will open the referenced map in the less full-featured, web-based Google Maps (as long as the file doesn't exceed the size limit for Google Maps, which several do).

The Maps Linked To Below Were Compiled Entirely Using Free, Publicly Available Information!
See the explanation/instructions and disclaimer for further information.

All Banks, Sorted By Average Assets YTD
 > $5B  Maps
 $1B - $5B  Maps
 $500MM - $1B  Maps
 $300MM - $500MM  Maps
 $100MM - $300MM  Maps
 < $100MM  Maps
All Banks, Sorted By Federal Reserve Region
 Atlanta  Maps
Chicago  Maps
 Dallas  Maps
 Kansas City  Maps
 New York  Maps
 San Francisco  Maps
Links to Various Maps (requests welcome)
UPBL + Failed  Maps
Failed Since YE06  Maps
TX>100% & T1<10%  Maps
note: you can load any/all maps at once in GE by opening them one-by-one without closing GE, but know that the lag you experience will increase proportionally as the number of placemarks loaded in GE increases

# Problem Banks: 920 / 7723 Active Banks (11.91% of total). This percentage is somewhat understated, as the denominator does not reflect the reduction of active banks resulting from any mergers & acquisitions closed since 9/30/10, due to the lack of a definitive source detailing bank M&A activity. Please contact the author if you are aware of such a source of information regarding bank M&A.
 

As of Friday, 12/3/10 -  No Failures for the 2nd Consecutive Week (though last week was Thanksgiving)

 

 Banks Failed Thus Far in 2010:

 149

 Banks Failed in 2009:

140

 Banks Failed in 2008:

 25

 Banks Failed in 2007:

 2

 Banks Failed from 2002-2006:

 18

 
 
Changes this week:

For the record, I'm pretty sure nobody is reading this, but I've never let the fact that I'm talking only to myself stop me previously, so why start now? I hereby offer free lunch at Jack's Stack to anyone who is, indeed reading this. Just mention this offer, and I'll know you've satisfied all relevant conditions, and are well deserving of lunch with yours truly (limit of one, so don't be shy, get your foot in that door!).

After closing 3 institutions on Friday, November 19th, the FDIC has been silent for 2 consecutive weeks spanning the Thanksgiving holiday. The total for 2010 remains149 failures. Although we probably won't come anywhere near the 200+ bank failures predicted by many, this analyst still feels ol' Sheila has had herself one heck of a year. 

The Unofficial Problem Bank List includes 920 institutions this week. 
The FDIC's official Problem Bank List grew to 829 institutions as of 6/30/10, up from 775 as of 3/31/10. CR expects the 9/30/10 FDIC Quarterly Banking Profile to be released shortly, likely showing over 900 institutions on the official Problem Bank List as of the end of September.

Call report data is available in bulk approximately 60 days following the end of each quarter. Preliminary Call reports are due 30 days following quarter's end, with the final version being made available 60 days follow the end of each quarter. We do expect the 9/30/10 bulk data to be available soon!

Recent News:
 
If you are able to procure a copy, either through a subscription or some other form of chicanery, I highly recommend reading this article entitled "Failing Prompt Corrective Action" that appeared in the June publication of the Journal of Banking Regulation. The author examines the effectiveness of the Prompt Corrective Action directives and "lease cost resolution" authority given to the federal banking regulators by the FDICIA legislation passed in 1991. The author finds that these provisions have not reduced the severity of losses experienced by institutions that have failed since then, and questions the effectiveness of the policies, as well as their implementation. The article includes a quote from RIchard Fisher, president of the Dalls Fed, which I found to be simultaneously amusing and perceptive:

"in (Paul Volcker)'s day he knew a bank was headed for trouble when it gew too fast, moved into a fancy new building, placed the chairman of the board as head of the art committee, and hired McKinsey & Co. to do an incentive compensation study for senior officers."


The DIF's reserve ratio has been in negative territory since 3Q09, troughing at -0.39% in 4Q09, and improving incrementally in the 3 quarters since. Some heart can be taken in the fact that the FDIC has further liquid funds on hand, due to banks being assessed 3 years' worth of prepayments to the DIF, which had netted $46B in liquidity by the end of 2009. That means the actual cash on hand at YE09 was $23.1B, adjusted for funds reserved to cover banks that have already failed and including the prepayments. 



3 banks were closed in Puerto Rico on the final Friday in April - Westernbank, R-G Premier Bank and Eurobank. Each of the three was bought by another bank based in Puerto Rico. The three banks had aggregate assets of $20.4B, and deposits of $18.8B. The cost to the DIF was estimated at $5.3B for those 3 banks alone. Amusingly, prior to the bloodbath "a local source told Bill McBride of CalculatedRiskBlog that 'there are lots of "Dentists" in town for a Dental convention that doesn't appear to exist' ... nice cover!" 
 
CR speculated previously that the Problem Bank List would grow to over 1,000 banks during 2010, and was not backing off that prediction as of mid-March. We just ticked over 900 as of November 19, so we'll need to go on a real run to hit that mark yet in 2010. In fairness, there has been a decent amount of M&A activity involving problem banks in 2010, which along with the outright failures has culled the herd somewhat. Imagine if FASB weren't rigging the accounting rules! Mark to my a$$ indeed.