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...
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 : (No ratings)