OCC Report Shows Community Banks in South Improving
The OCC released its study of regulated banks in 9 southern states that reflected continued strengthening albeit with emerging risk factors. The report noted that 91% of the 455 FIs had composite ratings of 1 or 2 and the number of problem banks fell to a pre-crisis level of 43 at the end of 2014 (down from 148 at YE 2011). The report also included a warning of credit underwriting easing that noted heavy competition may result in weakened credit. [5/1/15]
