NEW YORK (TheStreet) -- The 11 publicly traded banks profiled below are among 580 that still have one or more of the three warning flags I look for during my 'crunching of the numbers' among the data points in the Federal Deposit Insurance Corporation quarterly banking profile for the fourth quarter of 2013. The warnings flags are:
Exposures to Construction & Development Loans: Banks with C&D loans at 100% or more of total risk-based capital has an overexposure to this real estate loan category. Six of the 11 in the table have this warning flag. Among the 6,812 FDIC-insured financial institutions 294 still have overexposures to C&D loans, 50 of which are publicly traded.
Exposures to Commercial Real Estate Loans: Banks with CRE loans at 300% or more of total risk-based capital has an overexposure to this real estate loan category. Ten of the 11 in today's table have this warning flag. Among the 6,812 FDIC-insured financial institutions 1569 still have overexposures to CRE loans, 464 of which are publicly traded.
Pipeline: Banks with 80% or more of their real estate loan commitments fully-funded have this warning flag. Among the 6812 institutions, 1833 have a pipeline that are 80% or more funded of which 583 have pipelines that have 100% fully-funded. For publicly traded community banks 97 have 80% or more fully-funded, 42 at the 100% watermark. Only one in today's table has this warning flag.Improving trends shown in the fourth-quarter 2013 FDIC Quarterly Banking Profile: The number of banks on the FDIC's non-list of "problem" institution ended 2013 at 467 banks, down from 884 at the end of 2010. This remains elevated versus 76 at the end of 2007. Trust me, there were many more problem banks at the end of 2007. On June 29, 2006, I wrote a RealMoney article that included a list of 50 community and regional banks on what we called The Domino List: 32 are gone, 11 were merged and I cannot find info on the other seven.
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