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Banks, Thrifts Weaken on Bad Loans

Stock quotes in this article: BAC , BCS , STI , BBT , RF , NTRS , SNV  

The condition of community banks in states with the heaviest concentrations of bank and thrift failures has worsened, according to preliminary March 31 regulatory data provided by SNL Financial on May 28.

Noncurrent loans, those on which payments have fallen behind at least 90 days, increased 26% to $59.2 billion. Some 22% of banks and thrifts reported first-quarter net losses, compared with 23% in the previous quarter.

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