Note: this is an unofficial list of Problem Banks compiled only from public sources.

Here is the unofficial problem bank list for August 6, 2010.

The Unofficial Problem Bank List had a net change of three additions and finishes the week at 811 institutions with aggregate assets of $416.5 billion.

Click on graph for larger image in new window.

This graph shows the number of banks on the unofficial list. The number of institutions has more than doubled since we started the list in early August 2009 - even with all the bank failures (failures are removed from the list). The number of assets is up 50 percent over the last year.

On August 7, 2009, we listed 389 institutions with $276 billion in assets, and now the list has 811 institutions and $416.5 billion in assets.

The four red dots are the number of banks on the official problem bank list as announced in the FDIC quarterly banking profile for Q2 2009 through Q1 2010. The dots are lagged one month because of the delay in announcing formal actions. The FDIC Q2 2010 Quarterly Banking Profile will be released in a two weeks.

The unofficial count is close, but is slightly lower than the official count - probably mostly due to timing issues - so I expect the FDIC to list around 840 to 870 institutions at the end of Q2.