Month: September 2018

Acquiring Credit Unions Want Banks

Last week we reported that the percent of recommended credit unions (i.e. rated 5-Stars or 4-Stars) now exceeds 81% of the total. Of those, 111 that were 4-Star rated last quarter have now earned Bauer’s highest, 5-Star rating. They can be found on page 7 and on the supplement to this week’s issue.

What we also want to discuss is the growing number of strong credit unions looking to buy community banks.

Un-“Fare” Life for Taxi Cab Lenders

On Friday, August 31, 2018, the NCUA liquidated Zero-Star Melrose Credit Union, Briarwood, NY. We have reported several times in the past on Melrose CU, which was the largest taxi medallion lender in New York, and hence in the country.

The origin of taxi medallions dates back to the 1930s as a means to limit the number of cabs on the streets and allow cab drivers to earn a decent living. These medallions…

Risks of Banks Repossessing Property

The OCC closed out the month of August with an updated “Other Real Estate Owned” (OREO, primarily real estate acquired via foreclosure) portion of the Comptroller’s Hand-book. The handbook is intended to provide guidance to examiners but serves as a tool for bankers and real estate investors as well.

The part we honed in on was…

Mostly good news in second quarter 2018 bank results

Mostly Good News in Q2 Bank Data

The FDIC released a mostly positive Second Quarter 2018 Quarterly Banking Profile last Thursday. Net income got a healthy boost from lower tax rates as banks reported net income of $60.2 billion for the second quarter 2018, $12.1 billion or 25.1% higher than second quarter 2017. Had it not been for the new tax rate, net income would have gained $5.6 billion or 11.7%…

The FDIC currently has 82 banks on its Problem Bank List, down from 92 last quarter. Bauer currently has 91 banks on its Troubled and Problematic Report, down from 101 last quarter.

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