ORIONS Money Stocks

[AugustaFriends]

Small Banks - charts - Link back Friday, January 29, the FDIC closed six banks across the country, the most so far in January. See: http://www.fdic.gov/bank/individual/fail...

I looked up the last reported Troubled Asset Ratios (September 30, 2009) at http://banktracker.investigativereportin... for each of those failed banks.

Here are the results.
American Marine Bank.................... 176.5
First Regional Bank.......................... 204.1 <-- subject of a posting on this board today!
Community Bank & Trust..................382.8
Marshall Bank.................................. 106.0
Florida Community Bank................. 489.3
First Nat'l Bk of Georgia.................... 481.1

Compare to:
Pacific Capital Bank............................... 50.3 (3.6x National Average)
National Average.................................. 14.1

Consistent with prior failures, a bank pretty much has to exceed a 100% Troubled Asset Ratio before the FDIC steps in. It's not always the case, but rarely has the FDIC closed a bank with a ratio that is well BELOW a 100.

PCBC is rumored to be reporting earnings on Monday. Rating :
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