NEW YORK ( TheStreet) -- According to data from the FDIC and from my analysis of the FDIC Quarterly Banking Profile for the fourth quarter of 2012, I conclude that the "Great Credit Crunch" continues among community banks on Main Street, USA.
Among the 7,083 FDIC-insured financial institutions there are 1,113 publicly traded banks, most of which are categorized as community banks. Looking at FDIC data, I find that 73 of these banks are overexposed to construction and development loans (C&D), and 451 are overexposed to commercial real estate loans (CRE). In addition to these signs of continued stress, 47 have 100% of their CRE loan commitments fully funded among the 305 that have at least 80% fully funded.
Based upon this information, 460 bank stocks qualify to be on the ValuEngine List of Problem Banks.
Back on Dec. 11, 2012,
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