Community Banks Still Under Stress
The above table shows data from the FDIC and www.ValuEngine.com covering 29 community banks that have overexposures to real estate loans. This is just a sampling.
Click here for a larger version of the bank chart.
Reading the Table:
FDIC Assets: The assets shown in FDIC data. Synovus (SNV) is the largest in the table with $26.04 billion in assets.
C&D Loans: The dollar amount of the exposure. SNV has the largest size exposure at $2.7 billion.
Cons/RBC: The percent exposure vs. risk-based capital. Banc Trust Financial has the highest risk at 154% of risk-based capital vs. the 100.0% regulatory guidelines.
CRE/RBC: The percent exposure vs. risk-based capital. Pacific Premier Banc has the highest risk at 585% of risk-based capital vs. the 400.0% regulatory guidelines.
Pipeline: The percentage of CRE loans outstanding versus loan commitments. At 100% all commitments are fully funded which is a negative sign as a healthy pipeline is around 60%. Franklin Financial (FRAF) and Virginia Commerce (VCBI) have their CRE loan commitments fully funded.
OV/UN Valued: The stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.
VE Rating: A "1-Engine rating" is a Strong Sell, a "2-Engine rating" is a Sell, a "3-Engine rating" is a Hold, a "4-Engine rating" is a Buy and a "5-Engine rating" is a Strong Buy.