FDIC reports bank assets in Florida down, bankruptcies and loan losses up

10

September

Underscoring the depth of the recession, Florida's banking industry scored poor marks in the FDIC's quarterly state profiles released Thursday.

The rate of net loan losses doubled between the first and second quarter statewide while the assets held by Florida banks shrunk from $170 billion to $166 billion at the same time. Two years ago, Florida had 317 banks; now the total is 301.

The report also showed the percentage of past-due and non-accrual loans had doubled from a year ago and the number of nonbusiness bankruptcy filings had risen 62 percent, from a rate of 3.23 per 1,000 people to 5.23 per 1,000.

  -- Jeff Harrington, Times staff writer

[Last modified: Tuesday, June 1, 2010 12:26pm]

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