by Calculated Risk on 2/28/2023 12:46:00 PM
The FDIC released the Quarterly Banking Profile for Q4 2022:
…Asset Quality Metrics Remained Favorable Despite Modest Deterioration: Loans that were 90 days or more past due or on nonaccrual status (i.e., noncurrent loans) increased to 0.73 percent, up one basis point from the prior quarter. Noncurrent credit card and C&I loans drove the increase in the noncurrent rate. Total net charge-offs as a ratio of total loans increased 10 basis points from the prior quarter and 15 basis points from a year prior to 0.36 percent, driven by credit card, C&I, and auto loan losses. Despite the increase, the total net charge off rate remains below the pre-pandemic average of 0.48 percent. Early delinquencies (i.e., loans past due 30-89 days) increased 4 basis points from the prior quarter to 0.56 percent; one-to-four family real estate and auto loans contributed most to this growth. Total early-stage delinquencies also remain below the pre-pandemic average of 0.66 percent.
Click on graph for larger image.
The FDIC reported the number of problem banks decreased to 39.
This graph from the FDIC shows the number of problem banks and assets at problem institutions.
Note: The number of assets for problem banks increased significantly back in 2018 when Deutsche Bank Trust Company Americas was added to the list. An even larger unknown bank was added to the list in Q4 2021, and – since problem assets dropped sharply last quarter – that bank is now off the problem list.