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Bank profits hit new high in 2013

March 7, 2014

The nation’s banks have recovered strongly from the financial crisis, and the results for 2013 provide even more evidence: Profits for the year hit $154.7 billion, according to reports filed with the Federal Deposit Insurance Corp. That's the highest level ever. And only 24 banks failed last year, the fewest since 2007.

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Credit unions still recovering but worries linger

Dec. 10, 2013

Solid loan growth and continued low interest rates have helped the nation’s 6,600 credit unions rebuild from the 2008-09 financial crisis, according to new data from the National Credit Union Administration.

But there might be storm clouds on the horizon. NCUA Chair Debbie Matz warned recently that the prospect of higher interest rates could cut into credit union profits. 


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Bank Tracker: Five-Year Review

Oct. 29, 2013

By most accounts TARP achieved its primary purpose: To help bring about stability in the midst of the worst financial crisis since the Great Depression. But the program has been called "one of the most hated, misunderstood and effective policies in modern economic history.” 

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Smaller banks rebound more slowly

Sept. 13, 2013

The latest data from the Federal Deposit Insurance Corp. shows that the nation’s banks continue to recover from the financial crisis, reporting stronger earnings and increasing loan volume.

But an analysis by the Investigative Reporting Workshop shows that for the vast majority of banks — those with less than $1 billion in assets — profits are harder to come by as they continue to try to work their way through a disproportionate amount of troubled loans and foreclosed property.

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Reshaped banking industry emerges from crisis

March 18, 2013

The banking industry has emerged shaken but in some senses thriving. Last year was the second most profitable ever for the nation’s banks, according to reports filed with the Federal Deposit Insurance Corp., but it is unmistakably true that the industry is fundamentally different today than it was five years ago.


 

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More money, fewer banks

Dec. 20, 2012

Banks are closer to pre-recession profit and lending levels, but there are fewer of them.

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Fewer problem banks, lending up as industry recovery continues

Sept. 11, 2012

Banks and credit unions continue to recover, as lending expands.

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Banks perhaps seeing a return to 'normal'

June 6, 2012

Rising profits and growing loan demand, along with a decline in troubled loans, indicate that after a long five years, the banking industry might be returning to something resembling normalcy.

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2011 was best in 5 years for banking sector

March 8, 2012

The nation’s banks and credit unions had their best year since 2006, as a slowly recovering economy led to modest loan growth and lower levels of nonperforming loans.

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Small business loans at 10-year low

Dec. 16, 2011

New federal data show that the number of small bank loans to business has fallen to the lowest point in more than a decade, cutting the flow of money to a sector that's usually a job-creation powerhouse.

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Banking's future: The big will get bigger

Sept. 8, 2011

As banks emerge from the three-year financial crisis, new competitive pressures and more regulations will force many smaller banks out of business, resulting in even more power for the largest institutions.

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Bank lending continues three-year decline

June 9, 2011

A three-year decline in lending continued into the first quarter of 2011, according to reports from the FDIC. Loans for real estate development and construction are down by more than half since March of 2008.

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A graphic look at the state of American banking

March 17, 2011

Over the past three years, the banking industry has continued to reel from the mortgage meltdown and the recession. Today, there are 11 percent fewer banks than at the end of 2007; more than 300 banks have failed since Jan. 1, 2009. Problem loans and foreclosures continue to plague the industry, with troubled assets nearly tripling since the end of 2007. In a sign of slow improvement, troubled assets fell in the fourth quarter of last year, but the number of banks on the FDIC's troubled list continues to grow and is at two-decade high.

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Banks emerging from three-year financial crisis

March 17, 2011

The past three years have been harsh to banks around the country. Indications are the worst is over, but the industry still is feeling many lingering effects.

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Mortgage-backed securities losses costing nation's credit unions

Dec. 22, 2010

Credit unions may be but a small entity in the nation's financial world, but they are now cleaning up a multibillion dollar mess created by a handful of "corporate" credit unions that invested in mortgage-backed securities. 

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Bank health improves in third quarter

Dec. 21, 2010

The nation’s banks continued their slow return to health in the third quarter, according to reports filed with the Federal Deposit Insurance Corp.

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Second quarter best for banks in more than two years

Sept. 15, 2010

The second quarter of 2010 was the best for the nation's banks since the financial crisis began nearly three years ago. But the industry, despite lower loan loss provisions and stronger earnings, still is struggling with historically high levels of troubled assets.

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Bank in Waters case was weakest TARP recipient

Aug. 9, 2010

The bank at the center of a House ethics investigation of U.S. Rep. Maxine Waters was the weakest to receive funds from the government's Troubled Asset Relief Program at the time of its rescue, according to an analysis by the Investigative Reporting Workshop.

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Previous report: Banks rebound slightly in first quarter, but mortgage delinquencies rise

June 14, 2010

The nation's banks keep looking for signs that they've turned the corner toward prosperity. But it's probably still too early for many to relax, according to quarterly financial reports compiled by the Federal Deposit Insurance Corp and analyzed by the Investigative Reporting Workshop.

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Previous report: Banks glad to see 2009 end

March 9, 2010

If America’s bankers celebrated the end of 2009 exuberantly you could hardly blame them. Data analyzed by the Investigative Reporting Workshop confirms that last year was one of the worst in memory for the industry.

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Previous report: Banks still accumulating troubled assets

Dec. 15, 2009

Bad loans, foreclosed properties still plague many of the nation's banks.

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Previous report: More banks feeling pressure from bad loans

Sept. 16, 2009

The tide of bad loans and foreclosed properties just keeps rising at the nation's banks and credit unions. At the end of June, troubled assets at the nation's 8204 banks insured by the Federal Deposit Insurance Corp. totaled more than $323 billion, up from $237 billion six months ago and just $170 billion a year ago.

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Previous report: Credit unions feel recession pain

June 11, 2009

The recession is taking its toll on credit unions. As a group, they lost about $3.2 billion in the first quarter, with more than three quarters of institutions posting losses. Yet credit unions seem less bogged down with nonperforming loans and foreclosed property than the nation’s banks, primarily because they still have relatively small real estate and business loan portfolios.

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BankTracker Q&A

March 16, 2009

Some things to keep in mind when reviewing this information.

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Bank profits hit new high in 2013

The nation’s banks have recovered strongly from the financial crisis, and the results for 2013 provide even more evidence: Profits for the year hit $154.7 billion, according to reports filed with the Federal Deposit Insurance Corp. That's the highest level ever. And only 24 banks failed last year, the fewest since 2007. More

Credit unions still recovering but worries linger

Solid loan growth and continued low interest rates have helped the nation’s 6,600 credit unions rebuild from the 2008-09 financial crisis, according to new data from the National Credit Union Administration. But there might be storm clouds on the horizon. NCUA Chair Debbie Matz warned recently that the prospect of higher interest rates could cut into credit union profits.  More

Bank Tracker: Five-Year Review

By most accounts TARP achieved its primary purpose: To help bring about stability in the midst of the worst financial crisis since the Great Depression. But the program has been called "one of the most hated, misunderstood and effective policies in modern economic history.”  More

Smaller banks rebound more slowly

The latest data from the Federal Deposit Insurance Corp. shows that the nation’s banks continue to recover from the financial crisis, reporting stronger earnings and increasing loan volume. But an analysis by the Investigative Reporting Workshop shows that for the vast majority of banks — those with less than $1 billion in assets — profits are harder to come by as they continue to try to work their way through a disproportionate amount of troubled loans and foreclosed property. More

Reshaped banking industry emerges from crisis

The banking industry has emerged shaken but in some senses thriving. Last year was the second most profitable ever for the nation’s banks, according to reports filed with the Federal Deposit Insurance Corp., but it is unmistakably true that the industry is fundamentally different today than it was five years ago.   More

More money, fewer banks

Banks are closer to pre-recession profit and lending levels, but there are fewer of them. More

Fewer problem banks, lending up as industry recovery continues

Banks and credit unions continue to recover, as lending expands. More