The Federal Deposit Insurance Corporation has released its Quarterly Banking Profile, Second Quarter 2009, with the following headlines:
- Higher Loss Provisions Lead to a $3.7 Billion Net Loss
- More Than One in Four Institutions Are Unprofitable
- Charge-Offs and Noncurrent Loans Continue to Rise
- Net Interest Margins Show Modest Improvement
- Industry Assets Decline by $238 Billion
- The Industry Posts a Net Loss for the Quarter
- Non-interest Income Grows 10.6 Percent Year-Over-Year
- Margins Improve at a Majority of Institutions
- Net Charge-Off Rate Sets a Quarterly Record
- Noncurrent Loan Rate Rises to Record Level
- Institutions Continue to Add to Reserves
- Overall Capital Levels Register Improvement
- Industry Assets Decline for a Second Consecutive Quarter
- Small Business Loan Balances Declined Over the Past 12 Months
- Institutions Reduce Their Reliance on Nondeposit Funding Sources
- “Problem List” Expands to 15-Year High