The list includes only banks. The Office of Thrift Supervision doesn't make preliminary data available for the more than 800 S&Ls supervised by the agency.
The data are for the banks themselves, not holding companies.
These banks were considered significantly or critically undercapitalized as of Sept. 30.
Of 13 banks that reported being significantly or critically undercapitalized as of Sept. 30, five have already failed. These institutions are in bold on the table.
Meridian Bank of Elred, Illinois, was shuttered on Oct. 10.
Alpha Bank and Trust was closed by Georgia regulators on Oct. 24.
Freedom Bank of Bradenton, Florida, failed on Halloween, with its branches taken over by Fifth Third Bank of Grand Rapids, Mich. (held by Fifth Third Bancorp.
Franklin Bank, SSB of Houston, and Security Pacific Bank of Los Angeles, were shut down by state regulators last Friday. Franklin's branches were taken over by Prosperity Bank of El Campo, Texas (held by Prosperity Bancshares, and Security Pacific's branches went to Pacific Western Bank of San Diego, a subsidiary of PacWest Bancorp.
Moving on to the eight banks remaining on the list, four posted large securities losses during the quarter, causing them to slip from well-capitalized status. While the call reports don't list the specific issues the banks lost money on, it's clear that most losses sprang from the government takeover of Fannie Mae and Freddie Mac. We confirmed this for two of the institutions, from an earnings release and an executive interview.
TheStreet.com contacted all eight remaining institutions on the list, but only one responded in time for this article.
