Key Points from the latest FDIC’s Quaterly Banking Profile

The FDIC released the Quarterly Banking Profile for second quarter,2009 yesterday. Some of the key points and charts from this report are presented below.

  • More Than One in Four Institutions Are Unprofitable
  • Charge-Offs and Noncurrent Loans Continue to Rise
  • Net Charge-offs:

“Net charge-offs of credit card loans were $4.6 billion (84.5 percent) higher than a year earlier, and the annualized net charge-off rate on credit card loans reached a record 9.95 percent in the second quarter. Net charge-offs of real estate construction and development loans were up by $4.2 billion (117.0 percent), and charge-offs of loans secured by 1-4 family residential properties were $4.0 billion (41.1 percent) higher than a year ago.”




Download: FDIC’s Quarterly Banking Profile Second Quarter, 2009

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