Check your banks health

[GG]

http://banktracker.msnbc.msn.com/banks/

[sgrizzle]

Not found (Red Crown Credit Union)

[Patrick]

Not found (Red Crown Credit Union)

For credit unions - http://www.ncua.gov/DataServices/FindCU.aspx
Search and then click on the call report.  While not as easy to read as the link above, this has all the detail you would want.  In addition to an income statement and balance sheet, the call report has detail on what type of assets they hold, how those assets are performing (the all important asset quality question), and how well capitalized they are.

To look up a bank's call report, use this link (https://cdr.ffiec.gov/public/) and click on "View or download data for individual institutions".

[sgrizzle]

Interesting. My CU is federal whereas Tulsa' Teacher's is a state credit union. TTCU has 8x the "assets" of my CU but only about twice the cash on hand. Wonder if there are requirements for how much cash they keep.

[Conan71]

Commerce Bank of Beverly Hills doesn't come up either.

[nathanm]

Interesting. My CU is federal whereas Tulsa' Teacher's is a state credit union. TTCU has 8x the "assets" of my CU but only about twice the cash on hand. Wonder if there are requirements for how much cash they keep.

I think the reserve requirements aren't very dissimilar from commercial banks, which are required to keep between 2% and 10% cash reserves, depending on size. The bigger they are, the lower the required reserve ratio.

[Red Arrow]

Commerce Bank of Beverly Hills doesn't come up either.

And now, for the other half of the marbles, who/what bank was Mr Drysdale's competition?
(I don't remember at the moment.)

[Nik]

Arvest doesn't look to good. It is at twice the national medium for Troubled Asset Ratio.

[nathanm]

Arvest doesn't look to good. It is at twice the national medium for Troubled Asset Ratio.

They had a relatively high number of loans in CRE and spec housing in NW Arkansas. They've got the capital to easily absorb it even if they never recover a penny from any of those bad loans, which they certainly will (there are folks buying up REOs by the boatload over there now). The Wal-Mart influence has not gone away, only slowed temporarily. Part of the problem is the ridiculous new housing inventory over there. Last I saw if they stopped building houses today, it would take 18-20 months to sell off all the spec housing that was built.

In any event, they're doing far better than most of the other NW Arkansas banks.

Also, note that their profit numbers are still pretty healthy, so even if their capital ratio went negative, they'd still be able to earn their way out of it.

[Conan71]

They had a relatively high number of loans in CRE and spec housing in NW Arkansas. They've got the capital to easily absorb it even if they never recover a penny from any of those bad loans, which they certainly will (there are folks buying up REOs by the boatload over there now). The Wal-Mart influence has not gone away, only slowed temporarily. Part of the problem is the ridiculous new housing inventory over there. Last I saw if they stopped building houses today, it would take 18-20 months to sell off all the spec housing that was built.

In any event, they're doing far better than most of the other NW Arkansas banks.

Also, note that their profit numbers are still pretty healthy, so even if their capital ratio went negative, they'd still be able to earn their way out of it.

Any idea if City Bank & Trust inside Wal-Mart Neighborhood Markets is an Arvest off-shoot.  I noticed one in the WMFM on Delaware the other night.

[nathanm]

I don't think so. Arvest usually issues press releases when they buy banks. For a long while they would keep the name of the old bank, but they quit doing that a few years back.

Arvest owned McIlroy in Fayetteville for around 15 years before they decided they ought to start branding all their banks Arvest.

It appears that bank in question is City National Bank and Trust.

I'm not quite sure how the whole Wal-Mart/Arvest thing works aside from some of the Walton family owning Arvest. Generally, in locations where Arvest has a presence, they are the retail bank inside Wal-Mart, but there seem to be many exceptions.

[Conan71]

I thought it might have been a ruse to make WMFM seem more like a "local" grocer.  I'm guessing they could care less which bank is in a store so long as they make the lease payments.  Unless, of course, it's these guys, might be a fit with BPS though:

[carltonplace]

This can't be an honest to gosh redneck bank. They used "you're" instead of the approved "yer".

[Patrick]

You probably know this but that is the online bank sub of Bank of the Wichitas, based in Lawton.  I have money on deposit there.  They are currently paying 2.0%.

[Red Arrow]

They are currently paying 2.0%.

Not too bad anymore.  I remember 15% on money market accounts and CDs in the early 80s.  Of course inflation was a problem and Reagan raised Ruff's taxes.