Both numbers are ticking back up just as they're getting ready to lower rates and the bankers all likely go hog wild again. I'm sure it's nothing to be concerned about, right?
This chart shows the number and total assets of banks on the FDIC’s “Problem Bank List.” Banks on this list have a CAMELS composite rating of “4” or “5” due to financial, operational, or managerial weaknesses, or a combination of such issues. The number of banks on the list increased from 63 in first quarter 2024 to 66 in second quarter 2024. The number of problem banks represent 1.5 percent of total banks, which is within the normal range for non-crisis periods of 1 to 2 percent of all banks. Total assets held by problem banks increased $1.3 billion to $83.4 billion. One bank failed during the second quarter.
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