by Calculated Risk on 5/24/2022 02:09:00 PM
The FDIC released the Quarterly Banking Profile for Q1 2022 this morning:
quarter.
…
Total assets increased $253.9 billion (1.1 percent) from fourth quarter 2021 to $24.0 trillion. Cash and
balances due from depository institutions declined $183.5 billion (5.2 percent) from fourth quarter
2021. Total loan and lease balances increased $109.9 billion (1.0 percent), federal funds sold increased
48.3 billion (8.1 percent), and securities rose $14.6 billion (0.2 percent). Growth in U.S. Treasury
securities (up $37.9 billion, or 2.6 percent) continued to drive the quarterly increases in total
securities. The proportion of securities to total assets declined slightly to 26.1 percent from the QBP
high of 26.3 percent reported in fourth quarter 2021.
Loans and leases 90 days or more past due or in nonaccrual status (noncurrent loan balances) declined
(down $4.5 billion, or 4.5 percent) from fourth quarter 2021, supporting a 5 basis point reduction in
the noncurrent rate to 0.84 percent. The noncurrent rate was just 14 basis points above the historical low reported in second quarter 2006. Noncurrent 1-4 family residential real estate loan balances
declined most among noncurrent loan categories (down $4.8 billion, or 10.5 percent).
emphasis added
Click on graph for larger image.
The FDIC reported the number of problem banks declined to 40.
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 bank was added to the list last year, although the identity of the bank is unclear.
The dollar value of 1-4 family residential Real Estate Owned (REOs, foreclosure houses) increased slightly from $779 million in Q4 2021 to $788 million in Q1 2022.
This graph shows the nominal dollar value of Residential REO for FDIC insured institutions. Note: The FDIC reports the dollar value and not the total number of REOs.
