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Comparing Bank Seizures

Last edited: Sunday 04/26/09 9:15pm

Not affiliated with WaMu, or JPMorgan Chase, not an organization, just a burned shareholder seeking compensation.

One purpose of this Comparing Bank Seizures page is to show what an irregular and anamoulous bank seizure WaMu was, by comparing it to all the other bank seizures. On the Chronology page it shows what a biased and unfavorable treatment WaMu received, by showing what types of deals all the other major banks received. All of these differences are alarming, unfair, unjust, and need to be corrected by compensating the investors.

This page compares the WaMu seizure to the other bank seizures. Primarily the data comes from the FDIC and their failed bank list and the press releases given by the FDIC at the time of each seizure. The list starts in October 2000. The press releases are sparse on information, and do not define the cause for the bank seizures. The ones I am most familiar with, WaMu and much less so IndyMac, were both credited to lack of liquidity. I suspect lack of liquidity is the issue with all the others as well. The press releases supply the total assets and the total deposits. There is not a way to measure a banks liquidity from these numbers, but you can do a total deposits vs. total assets ratio, which is a variation of a debt / assets ratio. This ratio gives us an over all look at the strength of the bank in terms of value, how much value it was worth versus how much it owed in deposits. The lower the resulting number the better the value or worth of the bank in comparison to what it owes. If the number is higher then one, there is not a value or worth to the bank and the bank is insolvent, and should be in bankruptcy. Banks have liabilities or debts beyond their deposits, therefore this is not a conclusive ratio to look at, but it is a helpful ratio towards judging their strength, and the only ratio that can be computed with the data supplied.

The number of bank branches for each bank was taken from the FDIC press releases issued at the time of each bank's seizure. The number of bank branches for WaMu had to come off of the OTS Fact Sheet (pdf) for WaMu. The other exceptions I provide the link to the souce next to the number of their branches. The press releases also usually tell us the cost incurred by the FDIC insurance fund to transact the bank seizures.

A couple things stand out about WaMu when you look at the data below. One is the enormity of the WaMu Bank in comparison to the size of the other banks, as measured by branches, deposits and assets. The other thing is the zero cost of the WaMu seizure. Some of these banks with so few bank branches cost hundreds of millions of dollars to close, IndyMac cost $10.7 billion to close, and only had 33 branches. WaMu and IndyMac, with IndyMac being slightly better, were the most worthy banks by a considerable margin as measured by the total deposits / total assets ratio. WaMu was about ten times the size of IndyMac as measured by total deposits. WaMu was an anomalous bank seizure, as measured by its size, its cost and its strength. The size of WaMu plus the quality of WaMu plus the fact that taking down WaMu did not require a dollar of FDIC insurance funds are evidence that WaMu was actually a decent bank, in line with their own press releases as given in the month of September 2008. From WaMu's June 30, 2008 10-Q quarterly statement, it says nonperforming assets (ie loans & mortgages) were 3.62% of their total loan portfolio.

On the day that the WaMu bank was seized there had been 13 bank seizures for the year 2008 so far with 2,356 bank branches seized. WaMu with 2,239 branches was 95% of all the bank branch seizures for the year thus far. Since then and as of December 12, 2008 there has been an additional 12 bank seizures for a new total of 25, with a new total of 2,644 bank branches seized for the year 2008. WaMu was 85% of all branch seizures for the year 2008. Keep in mind there were only three bank seizures in 2007, none for 2006 and 2005, four in 2004, three in 2003, eleven in 2002, four in 2001 and two in 2000. Between the years 2000 and 2008 there were 2,708 bank branches seized. WaMu with 2,239 of these branches was 83% of all the bank branches seized for those eight years. How the OTS/FDIC thought they should take well beyond eight years worth of bank seizures all in one day is beyond me. How they could justify the economic cost this would obviously result in to the nation and the world is beyond me as well. There must be a mandatory hidden regulation known as the highest cost to the national economy resolution that they are not talking about.

The study confirms that WaMu was no where near a collapse considering it had access to $50 billion in liquidity from the secondary disount window of the San Francisco Federal Reserve and that it had not yet needed to even draw upon this. There was no need for the FDIC to be thinking of seizing the bank at all, especially considering WaMu was pushing as hard as it could to merge itself with a more liquid bank. That with or without benefits from the bailout aka EESA 2008, that once that bill had been passed by Congress in the days or week or two after September 25, 2008, and the details of the bill made public, WaMu then could have been properly analyzed and valued and sold at a satisfactory price to another bank, and that the shareholders and bond holders would have received decent compensation for their assets and would not have been wiped out. What prevented this from happening was the rash and reckless actions of the OTS and FDIC during the month of September 2008.

Table 1	is the seizures arranged by date.
Table 2	is the size of the bank seizures as measured by their deposits, greatest to least.
Table 3	is the size of the bank seizures as measured by their assets, greatest to least.
Table 4	is the size of the bank seizures as measured by their number of bank branches, from greatest to least.
Table 5	is the bank seizures sorted by the Total Deposits to Total Assets Ratio, strongest to weakest. This is a measure of solvency, and thus one measure of strength. The smaller the resulting ratio number, the safer the bank. The larger the resulting ratio number, the riskier the bank.
Table 6	is the bank seizures sorted by FDIC's costs to seize the banks, least to greatest, and then followed by those whose costs are unknown.
Notes:	Continental Illinois

Table 1 is the bank seizures arranged by date, and to give an idea of the size of the banking operations, gives the number of branches for each bank.
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Table 1:..........The Bank Seizures by Date..........data as of April 24, 2009
Date	Bank	Total Deposits to Total Assets Ratio	Number of Branches	FDIC costs
April 24, 2009	First Bank of Idaho	.7650	7	$191.2 million
April 24, 2009	First Bank of Beverly Hills	.6667	1	$394 million
April 24, 2009	Michigan Heritage Bank	.8218	3	$71.3 million
April 24, 2009	American Southern Bank	.9288	1	$41.9 million
April 17, 2009	Great Basin Bank	.8200	5	$42 million
April 17, 2009	American Sterling Bank	.9497	6 (source)	$42 million
April 10, 2009	New Frontier Bank	.7500	3	$670 million
April 10, 2009	Cape Fear Bank	.8191	8	$131 million
March 27, 2009	Omni National Bank	.8335	6	$290 million
March 20, 2009	TeamBank, N.A.	.7357	17	$98 million
March 20, 2009	Colorado National Bank	.6696	4	$9 million
March 20, 2009	FirstCity Bank	.9360	1	$100 million
March 6, 2009	Freedom Bank of Georgia	.9306	4	$36.2 million
February 27, 2009	Security Savings Bank	.7352	2	$59.1 million
February 27, 2009	Heritage Community Bank	.9386	4	$41.6 million
February 20, 2009	Silver Falls Bank	.8851	3	$50 million
February 13, 2009	Pinnacle Bank	.8767	1	$12.1 million
February 13, 2009	Corn Belt Bank and Trust Company	.8624	2	$100 million
February 13, 2009	Riverside Bank of the Gulf Coast	.7866	9	$201.5 million
February 13, 2009	Sherman County Bank	.6556	4	$28.0 million
February 6, 2009	County Bank	.7647	39	$135 million
February 6, 2009	Alliance Bank	.8342	5	$206 million
February 6, 2009	FirstBank Financial Services	.8279	4	$111 million
January 30, 2009	Ocala National Bank	.9181	4	$99.6 million
January 30, 2009	Suburban Federal Savings Bank	.8389	7	$126 million
January 30, 2009	MagnetBank	.9655	1 (source)	?
January 23, 2009	1st Centennial Bank	.8426	6	$227 million
January 16, 2009	Bank of Clark County	.8208	1 (source)	$120-$145 million
January 16, 2009	National Bank of Commerce	.9332	2	$97.1 million
December 12, 2008	Sanderson State Bank	.7541	1	$12.5 million
December 12, 2008	Haven Trust Bank	.9003	4	$200 million
December 5, 2008	First Georgia Community Bank	.8312	4	$72.2 million
November 21, 2008	Downey Savings and Loan Association	.7578	175	$2.1 billion
November 21, 2008	PFF Bank & Trust	.6486	38	combined in with Downey S&L, the above bank
November 21, 2008	The Community Bank	.8978	4	$200-$240 million
November 7, 2008	Security Pacific Bank	.8022	4	$210 million
November 7, 2008	Franklin Bank	.7255	46	$1.4 - $1.6 billion
October 31, 2008	Freedom Bank	.8850	4	$80 - $104 million
October 24, 2008	Alpha Bank & Trust	.9777	2	$158.1 million
October 10, 2008	Meridian Bank	.9413	4	$13 - $14.5 million
October 10, 2008	Main Street Bank	.8776	2	$33 - $39 million
September 25, 2008	Washington Mutual Bank and Washington Mutual Bank FSB	.6124	2,239	$0.00
September 19, 2008	Ameribank	.8870	8	$42 million
September 5, 2008	Silver State Bank	.8500	13 (source)	$450 - $550 million
August 29, 2008	Integrity Bank	.9740	5	$250 - $350 million
August 22, 2008	The Columbian Bank and Trust	.8271	9	$60 million
August 1, 2008	First Priority Bank	.8764	6	$72 million
July 25, 2008	First National Bank of Nevada	.8824	25	$862 million
July 25, 2008	First Heritage Bank, N.A	.9173	3	combined in with First National Bank of Nevada, the above bank
July 11, 2008	IndyMac Bank	.5954	33	$10.7 billion (source)
May 30, 2008	First Integrity Bank, NA	.9196	2	$2.3 million
May 9, 2008	ANB Financial, NA	.8571	9	$214 million
March 7, 2008	Hume Bank	.7273	1	?
January 25, 2008	Douglass National Bank	.9197	3	$5.6 million
October 4, 2007	Miami Valley Bank	.8766	2	$3 million
September 28, 2007	NetBank	.9200	0, an internet bank	$110 million
February 2, 2007	Metropolitan Savings Bank	.8354	1	?
June 25, 2004	Bank of Ephraim	.8707	4	$13.8 million
March 19, 2004	Reliance Bank	.9241	1	$300,000.00
March 12, 2004	Guaranty National Bank	.9028	5	$0
February 14, 2004	Dollar Savings Bank	.7967	1	?
November 14, 2003	Pulaski Savings Bank	.9020	1	$1.1 million
May 9, 2003	First National Bank of Blanchardville	.8286	1	?
February 7, 2003	Southern Pacific Bank	.8647	3	$134.5 million
December 17, 2002	The Farmers Bank & Trust	.8946	1	?
November 8, 2002	Bank of Alamo	.7968	1	$4-$5 million
September 30, 2002	AmTrade International Bank	.8500	1	"less than" $6 million
June 27, 2002	Universal Federal Savings Bank	.7692	1	?
June 26, 2002	Connecticut Bank of Commerce	.8121	1	?
March 28, 2002	New Century Bank	.9474	1	?
March 1, 2002	Net 1st National Bank	.6888	1	?
February 7, 2002	NextBank, N.A	.7914	0, an internet bank	$300-$400 million (source)
February 1, 2002	The Oakwood Deposit Bank Company	.8326	2	?
January 18, 2002	Bank of Sierra Blanca	.9074	1	$1.4 million
January 11, 2002	Hamilton Bank, N.A	.9231	9	?
September 7, 2001	Sinclair National Bank	.8371	2	$4.4 million
July 27, 2001	Superior Bank, FSB	.6957	18	$450-$550 million (source)
May 3, 2001	The Malta National Bank	.9263	1	$80,000.00
February 2, 2001	First Alliance Bank & Trust Company	.9511	1	$119,000.00
December 14, 2000	The National State Bank of Metropolis	.7743	1	?
October 13, 2000	Bank of Honolulu	.8894	3	$2.5 million

Table 2 below is the bank seizures sorted by their size, as measured by deposits, greatest to least.
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Table 2:..........The Size of the Banks by Deposits..........data as of April 24, 2009
Date	Bank	Deposits	Assets	Total Deposits to Total Assets Ratio
September 25, 2008	Washington Mutual Bank and Washington Mutual Bank FSB	$188 billion	$307 billion	.6124
July 11, 2008	IndyMac Bank	$19.06 billion	$32.01 billion	.5954
November 21, 2008	Downey Savings and Loan Association	$12.8 billion	$9.7 billion	.7578
November 7, 2008	Franklin Bank	$3.7 billion	$5.1 billion	.7255
July 25, 2008	First National Bank of Nevada	$3.0 billion	$3.4 billion	.8824
November 21, 2008	PFF Bank & Trust	$2.4 billion	$3.7 billion	.6486
September 28, 2007	NetBank	$2.3 billion	$2.5 billion	.9200
May 9, 2008	ANB Financial, NA	$1.8 billion	$2.1 billion	.8571
September 5, 2008	Silver State Bank	$1.7 billion	$2.0 billion	.8500
July 27, 2001	Superior Bank, FSB	$1.6 billion	$2.3 billion	.6957
April 10, 2009	New Frontier Bank	$1.5 billion	$2.0 billion	.7500
February 6, 2009	County Bank	$1.3 billion	$1.7 billion	.7647
January 11, 2002	Hamilton Bank, N.A	$1.2 billion	$1.3 billion	.9231
April 24, 2009	First Bank of Beverly Hills	$1 billion	$1.5 billion	.6667
August 29, 2008	Integrity Bank	$974.0 million	$1.1 billion	.9740
February 6, 2009	Alliance Bank	$951 million	$1.14 billion	.8342
February 7, 2003	Southern Pacific Bank	$864.7 million	$1.0 billion	.8647
March 27, 2009	Omni National Bank	$796.8 million	$956.0 million	.8335
January 23, 2009	1st Centennial Bank	$676.9 million	$803.3 million	.8426
August 22, 2008	The Columbian Bank and Trust	$622 million	$752 million	.8271
November 21, 2008	The Community Bank	$611.4 million	$681.0 million	.8978
February 7, 2002	NextBank, N.A	$554 million	$700 million	.7914
December 12, 2008	Haven Trust Bank	$515 million	$572 million	.9003
March 20, 2009	TeamBank, N.A.	$492.8 million	$669.8 million	.7357
November 7, 2008	Security Pacific Bank	$450.1 million	$561.1 million	.8022
February 13, 2009	Riverside Bank of the Gulf Coast	$424 million	$539 million	.7866
April 10, 2009	Cape Fear Bank	$403 million	$492 million	.8191
January 16, 2009	National Bank of Commerce	$402.1 million	$430.9 million	.9332
April 24, 2009	First Bank of Idaho	$374.0 million	$488.9 million	.7650
January 16, 2009	Bank of Clark County	$366.5 million	$446.5 million	.8208
October 24, 2008	Alpha Bank & Trust	$346.2 million	$354.1 million	.9777
June 26, 2002	Connecticut Bank of Commerce	$323.7 million	$398.6 million	.8121
January 30, 2009	Suburban Federal Savings Bank	$302 million	$360 million	.8389
January 30, 2009	MagnetBank	$282.8 million	$292.9 million	.9655
February 6, 2009	FirstBank Financial Services	$279 million	$337 million	.8279
March 20, 2009	FirstCity Bank	$278 million	$297 million	.9360
October 31, 2008	Freedom Bank	$254 million	$287 million	.8850
February 13, 2009	Corn Belt Bank and Trust Company	$234.4 million	$271.8 million	.8624
July 25, 2008	First Heritage Bank, N.A	$233 million	$254 million	.9173
August 1, 2008	First Priority Bank	$227 million	$259 million	.8764
April 17, 2009	Great Basin Bank	$221.4 million	$270.9 million	.8200
February 27, 2009	Heritage Community Bank	$218.6 million	$232.9 million	.9386
January 30, 2009	Ocala National Bank	$205.2 million	$223.5 million	.9181
December 5, 2008	First Georgia Community Bank	$197.4 million	$237.5 million	.8312
February 27, 2009	Security Savings Bank	$175.2 million	$238.3 million	.7352
April 17, 2009	American Sterling Bank	$171.9 million	$181 million	.9497
March 6, 2009	Freedom Bank of Georgia	$161 million	$173 million	.9306
April 24, 2009	Michigan Heritage Bank	$151.7 million	$184.6 million	.8218
February 20, 2009	Silver Falls Bank	$116.3 million	$131.4 million	.8851
September 19, 2008	Ameribank	$102 million	$115 million	.8870
April 24, 2009	American Southern Bank	$104.3 million	$112.3 million	.9288
October 10, 2008	Main Street Bank	$86 million	$98 million	.8776
February 13, 2009	Sherman County Bank	$85.1 million	$129.8 million	.6556
March 20, 2009	Colorado National Bank	$82.7 million	$123.5 million	.6696
October 4, 2007	Miami Valley Bank	$76.0 million	$86.7 million	.8766
December 14, 2000	The National State Bank of Metropolis	$71.0 million	$91.7 million	.7743
March 12, 2004	Guaranty National Bank	$66.9 million	$74.1 million	.9028
February 13, 2009	Pinnacle Bank	$64 million	$73 million	.8767
February 1, 2002	The Oakwood Deposit Bank Company	$60.2 million	$72.3 million	.8326
October 13, 2000	Bank of Honolulu	$59.5 million	$66.9 million	.8894
November 8, 2002	Bank of Alamo	$55.3 million	$69.4 million	.7968
January 25, 2008	Douglass National Bank	$53.8 million	$58.5 million	.9197
May 30, 2008	First Integrity Bank, NA	$50.3 million	$54.7 million	.9196
June 25, 2004	Bank of Ephraim	$40.4 million	$46.4 million	.8707
June 27, 2002	Universal Federal Savings Bank	$40 million	$52 million	.7692
October 10, 2008	Meridian Bank	$36.88 million	$39.18 million	.9413
December 17, 2002	The Farmers Bank & Trust	$33.1 million	$37.0 million	.8946
May 9, 2003	First National Bank of Blanchardville	$29 million	$35 million	.8286
March 19, 2004	Reliance Bank	$28.0 million	$30.3 million	.9241
December 12, 2008	Sanderson State Bank	$27.9 million	$37 million	.7541
September 7, 2001	Sinclair National Bank	$25.7 million	$30.7 million	.8371
March 1, 2002	Net 1st National Bank	$23.9 million	$34.7 million	.6888
March 28, 2002	New Century Bank	$18 million	$19 million	.9474
February 2, 2001	First Alliance Bank & Trust Company	$17.5 million	$18.4 million	.9511
March 7, 2008	Hume Bank	$13.6 million	$18.7 million	.7273
February 2, 2007	Metropolitan Savings Bank	$13.2 million	$15.8 million	.8354
September 30, 2002	AmTrade International Bank	$10.2 million	$12 million	.8500
February 14, 2004	Dollar Savings Bank	$9.8 million	$12.3 million	.7967
January 18, 2002	Bank of Sierra Blanca	$9.8 million	$10.8 million	.9074
November 14, 2003	Pulaski Savings Bank	$9.2 million	$10.2 million	.9020
May 3, 2001	The Malta National Bank	$8.8 million	$9.5 million	.9263

Table 3 below is the bank seizures sorted by their size, as measured by assets, greatest to least.
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Table 3:..........The Size of the Banks by Assets..........data as of April 24, 2009
Date	Bank	Deposits	Assets	Total Deposits to Total Assets Ratio
September 25, 2008	Washington Mutual Bank and Washington Mutual Bank FSB	$188 billion	$307 billion	.6124
July 11, 2008	IndyMac Bank	$19.06 billion	$32.01 billion	.5954
November 21, 2008	Downey Savings and Loan Association	$12.8 billion	$9.7 billion	.7578
November 7, 2008	Franklin Bank	$3.7 billion	$5.1 billion	.7255
November 21, 2008	PFF Bank & Trust	$2.4 billion	$3.7 billion	.6486
July 25, 2008	First National Bank of Nevada	$3.0 billion	$3.4 billion	.8824
September 28, 2007	NetBank	$2.3 billion	$2.5 billion	.9200
July 27, 2001	Superior Bank, FSB	$1.6 billion	$2.3 billion	.6957
May 9, 2008	ANB Financial, NA	$1.8 billion	$2.1 billion	.8571
April 10, 2009	New Frontier Bank	$1.5 billion	$2.0 billion	.7500
September 5, 2008	Silver State Bank	$1.7 billion	$2.0 billion	.8500
February 6, 2009	County Bank	$1.3 billion	$1.7 billion	.7647
April 24, 2009	First Bank of Beverly Hills	$1 billion	$1.5 billion	.6667
January 11, 2002	Hamilton Bank, N.A	$1.2 billion	$1.3 billion	.9231
February 6, 2009	Alliance Bank	$951 million	$1.14 billion	.8342
August 29, 2008	Integrity Bank	$974.0 million	$1.1 billion	.9740
February 7, 2003	Southern Pacific Bank	$864.7 million	$1.0 billion	.8647
March 27, 2009	Omni National Bank	$796.8 million	$956.0 million	.8335
January 23, 2009	1st Centennial Bank	$676.9 million	$803.3 million	.8426
August 22, 2008	The Columbian Bank and Trust	$622 million	$752 million	.8271
February 7, 2002	NextBank, N.A	$554 million	$700 million	.7914
November 21, 2008	The Community Bank	$611.4 million	$681.0 million	.8978
April 24, 2009	First Bank of Idaho	$374.0 million	$488.9 million	.7650
March 20, 2009	TeamBank, N.A.	$492.8 million	$669.8 million	.7357
December 12, 2008	Haven Trust Bank	$515 million	$572 million	.9003
November 7, 2008	Security Pacific Bank	$450.1 million	$561.1 million	.8022
February 13, 2009	Riverside Bank of the Gulf Coast	$424 million	$539 million	.7866
April 10, 2009	Cape Fear Bank	$403 million	$492 million	.8191
January 16, 2009	Bank of Clark County	$366.5 million	$446.5 million	.8208
January 16, 2009	National Bank of Commerce	$402.1 million	$430.9 million	.9332
June 26, 2002	Connecticut Bank of Commerce	$323.7 million	$398.6 million	.8121
January 30, 2009	Suburban Federal Savings Bank	$302 million	$360 million	.8389
October 24, 2008	Alpha Bank & Trust	$346.2 million	$354.1 million	.9777
February 6, 2009	FirstBank Financial Services	$279 million	$337 million	.8279
March 20, 2009	FirstCity Bank	$278 million	$297 million	.9360
January 30, 2009	MagnetBank	$282.8 million	$292.9 million	.9655
October 31, 2008	Freedom Bank	$254 million	$287 million	.8850
February 13, 2009	Corn Belt Bank and Trust Company	$234.4 million	$271.8 million	.8624
April 17, 2009	Great Basin Bank	$221.4 million	$270.9 million	.8200
August 1, 2008	First Priority Bank	$227 million	$259 million	.8764
July 25, 2008	First Heritage Bank, N.A	$233 million	$254 million	.9173
February 27, 2009	Heritage Community Bank	$218.6 million	$232.9 million	.9386
February 27, 2009	Security Savings Bank	$175.2 million	$238.3 million	.7352
December 5, 2008	First Georgia Community Bank	$197.4 million	$237.5 million	.8312
January 30, 2009	Ocala National Bank	$205.2 million	$223.5 million	.9181
April 24, 2009	Michigan Heritage Bank	$151.7 million	$184.6 million	.8218
April 17, 2009	American Sterling Bank	$171.9 million	$181 million	.9497
March 6, 2009	Freedom Bank of Georgia	$161 million	$173 million	.9306
February 20, 2009	Silver Falls Bank	$116.3 million	$131.4 million	.8851
February 13, 2009	Sherman County Bank	$85.1 million	$129.8 million	.6556
March 20, 2009	Colorado National Bank	$82.7 million	$123.5 million	.6696
September 19, 2008	Ameribank	$102 million	$115 million	.8870
April 24, 2009	American Southern Bank	$104.3 million	$112.3 million	.9288
October 10, 2008	Main Street Bank	$86 million	$98 million	.8776
December 14, 2000	The National State Bank of Metropolis	$71.0 million	$91.7 million	.7743
October 4, 2007	Miami Valley Bank	$76.0 million	$86.7 million	.8766
March 12, 2004	Guaranty National Bank	$66.9 million	$74.1 million	.9028
February 13, 2009	Pinnacle Bank	$64 million	$73 million	.8767
February 1, 2002	The Oakwood Deposit Bank Company	$60.2 million	$72.3 million	.8326
November 8, 2002	Bank of Alamo	$55.3 million	$69.4 million	.7968
October 13, 2000	Bank of Honolulu	$59.5 million	$66.9 million	.8894
January 25, 2008	Douglass National Bank	$53.8 million	$58.5 million	.9197
May 30, 2008	First Integrity Bank, NA	$50.3 million	$54.7 million	.9196
June 27, 2002	Universal Federal Savings Bank	$40 million	$52 million	.7692
June 25, 2004	Bank of Ephraim	$40.4 million	$46.4 million	.8707
October 10, 2008	Meridian Bank	$36.88 million	$39.18 million	.9413
December 17, 2002	The Farmers Bank & Trust	$33.1 million	$37.0 million	.8946
December 12, 2008	Sanderson State Bank	$27.9 million	$37 million	.7541
May 9, 2003	First National Bank of Blanchardville	$29 million	$35 million	.8286
March 1, 2002	Net 1st National Bank	$23.9 million	$34.7 million	.6888
September 7, 2001	Sinclair National Bank	$25.7 million	$30.7 million	.8371
March 19, 2004	Reliance Bank	$28.0 million	$30.3 million	.9241
March 28, 2002	New Century Bank	$18 million	$19 million	.9474
March 7, 2008	Hume Bank	$13.6 million	$18.7 million	.7273
February 2, 2001	First Alliance Bank & Trust Company	$17.5 million	$18.4 million	.9511
February 2, 2007	Metropolitan Savings Bank	$13.2 million	$15.8 million	.8354
February 14, 2004	Dollar Savings Bank	$9.8 million	$12.3 million	.7967
September 30, 2002	AmTrade International Bank	$10.2 million	$12 million	.8500
January 18, 2002	Bank of Sierra Blanca	$9.8 million	$10.8 million	.9074
November 14, 2003	Pulaski Savings Bank	$9.2 million	$10.2 million	.9020
May 3, 2001	The Malta National Bank	$8.8 million	$9.5 million	.9263

Table 4 is sorted by the number of branches, from greatest to least, to give another presentation to show the size of the banks seized.
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Table 4:..........The Size of the Banks by their Number of Branches..........data as of April 24, 2009
Date	Bank	Total Deposits to Total Assets Ratio	Number of Branches	FDIC costs
September 25, 2008	Washington Mutual Bank and Washington Mutual Bank FSB	.6124	2,239	$0.00
November 21, 2008	Downey Savings and Loan Association	.7578	175	$2.1 billion
November 7, 2008	Franklin Bank	.7255	46	$1.4 - $1.6 billion
February 6, 2009	County Bank	.7647	39	$135 million
November 21, 2008	PFF Bank & Trust	.6486	38	combined in with Downey S&L, the above bank
July 11, 2008	IndyMac Bank	.5954	33	$10.7 billion (source)
July 25, 2008	First National Bank of Nevada	.8824	25	$862 million
July 27, 2001	Superior Bank, FSB	.6957	18	$450-$550 million (source)
March 20, 2009	TeamBank, N.A.	.7357	17	$98 million
September 5, 2008	Silver State Bank	.8500	13 (source)	$450 - $550 million
February 13, 2009	Riverside Bank of the Gulf Coast	.7866	9	$201.5 million
August 22, 2008	The Columbian Bank and Trust	.8271	9	$60 million
May 9, 2008	ANB Financial, NA	.8571	9	$214 million
January 11, 2002	Hamilton Bank, N.A	.9231	9	?
April 10, 2009	Cape Fear Bank	.8191	8	$131 million
September 19, 2008	Ameribank	.8870	8	$42 million
April 24, 2009	First Bank of Idaho	.7650	7	$191.2 million
January 30, 2009	Suburban Federal Savings Bank	.8389	7	$126 million
April 17, 2009	American Sterling Bank	.9497	6 (source)	$42 million
March 27, 2009	Omni National Bank	.8335	6	$290 million
January 23, 2009	1st Centennial Bank	.8426	6	$227 million
August 1, 2008	First Priority Bank	.8764	6	$72 million
April 17, 2009	Great Basin Bank	.8200	5	$42 million
February 6, 2009	Alliance Bank	.8342	5	$206 million
August 29, 2008	Integrity Bank	.9740	5	$250 - $350 million
March 12, 2004	Guaranty National Bank	.9028	5	$0
March 20, 2009	Colorado National Bank	.6696	4	$9 million
March 6, 2009	Freedom Bank of Georgia	.9306	4	$36.2 million
February 27, 2009	Heritage Community Bank	.9386	4	$41.6 million
February 13, 2009	Sherman County Bank	.6556	4	$28.0 million
February 6, 2009	FirstBank Financial Services	.8279	4	$111 million
January 30, 2009	Ocala National Bank	.9181	4	$99.6 million
December 12, 2008	Haven Trust Bank	.9003	4	$200 million
December 5, 2008	First Georgia Community Bank	.8312	4	$72.2 million
November 21, 2008	The Community Bank	.8978	4	$200-$240 million
November 7, 2008	Security Pacific Bank	.8022	4	$210 million
October 31, 2008	Freedom Bank	.8850	4	$80 - $104 million
October 10, 2008	Meridian Bank	.9413	4	$13 - $14.5 million
June 25, 2004	Bank of Ephraim	.8707	4	$13.8 million
April 24, 2009	Michigan Heritage Bank	.8218	3	$71.3 million
April 10, 2009	New Frontier Bank	.7500	3	$670 million
February 20, 2009	Silver Falls Bank	.8851	3	$50 million
July 25, 2008	First Heritage Bank, N.A	.9173	3	combined in with First National Bank of Nevada, the above bank
January 25, 2008	Douglass National Bank	.9197	3	$5.6 million
February 7, 2003	Southern Pacific Bank	.8647	3	$134.5 million
October 13, 2000	Bank of Honolulu	.8894	3	$2.5 million
February 27, 2009	Security Savings Bank	.7352	2	$59.1 million
February 13, 2009	Corn Belt Bank and Trust Company	.8624	2	$100 million
January 16, 2009	National Bank of Commerce	.9332	2	$97.1 million
October 24, 2008	Alpha Bank & Trust	.9777	2	$158.1 million
October 10, 2008	Main Street Bank	.8776	2	$33 - $39 million
May 30, 2008	First Integrity Bank, NA	.9196	2	$2.3 million
October 4, 2007	Miami Valley Bank	.8766	2	$3 million
February 1, 2002	The Oakwood Deposit Bank Company	.8326	2	?
September 7, 2001	Sinclair National Bank	.8371	2	$4.4 million
April 24, 2009	First Bank of Beverly Hills	.6667	1	$394 million
April 24, 2009	American Southern Bank	.9288	1	$41.9 million
March 20, 2009	FirstCity Bank	.9360	1	$100 million
February 13, 2009	Pinnacle Bank	.8767	1	$12.1 million
January 30, 2009	MagnetBank	.9655	1 (source)	?
January 16, 2009	Bank of Clark County	.8208	1 (source)	$120-$145 million
December 12, 2008	Sanderson State Bank	.7541	1	$12.5 million
March 7, 2008	Hume Bank	.7273	1	?
February 2, 2007	Metropolitan Savings Bank	.8354	1	?
March 19, 2004	Reliance Bank	.9241	1	$300,000.00
February 14, 2004	Dollar Savings Bank	.7967	1	?
November 14, 2003	Pulaski Savings Bank	.9020	1	$1.1 million
May 9, 2003	First National Bank of Blanchardville	.8286	1	?
December 17, 2002	The Farmers Bank & Trust	.8946	1	?
November 8, 2002	Bank of Alamo	.7968	1	$4-$5 million
September 30, 2002	AmTrade International Bank	.8500	1	"less than" $6 million
June 27, 2002	Universal Federal Savings Bank	.7692	1	?
June 26, 2002	Connecticut Bank of Commerce	.8121	1	?
March 28, 2002	New Century Bank	.9474	1	?
March 1, 2002	Net 1st National Bank	.6888	1	?
January 18, 2002	Bank of Sierra Blanca	.9074	1	$1.4 million
May 3, 2001	The Malta National Bank	.9263	1	$80,000.00
February 2, 2001	First Alliance Bank & Trust Company	.9511	1	$119,000.00
December 14, 2000	The National State Bank of Metropolis	.7743	1	?
September 28, 2007	NetBank	.9200	0, an internet bank	$110 million
February 7, 2002	NextBank, N.A	.7914	0, an internet bank	$300-$400 million (source)

Table 5 is sorted by the Total Deposits to Total Assets Ratio, strongest to weakest. This is a measure of solvency, and thus one measure of strength. The smaller the number, the more the assets exceeded the deposits. If the ratio returns a number over one, the deposits exceeded the assets. All the banks were solvent, with IndyMac and then WaMu being the most solvent. Solvency is not liquidity, and the excuse used to seize the banks has been lack of liquidity, as judged by the OTS and FDIC. These judgements in the case of WaMu were totally self serving to the agencies. The destruction of the WaMu banks, their shareholders and bond holders, the order of the financial system, and the economic stability of the nation and world as a whole, all took a back seat to their self interests. The smaller the resulting ratio number, the safer the bank. The larger the resulting ratio number, the riskier the bank.
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Table 5:..........The Total Deposits to Total Assets Ratio..........data as of April 24, 2009
Date	Bank	Total Deposits to Total Assets Ratio	Number of Branches	FDIC costs
July 11, 2008	IndyMac Bank	.5954	33	$10.7 billion (source)
September 25, 2008	Washington Mutual Bank and Washington Mutual Bank FSB	.6124	2,239	$0.00
November 21, 2008	PFF Bank & Trust	.6486	38	combined in with Downey S&L, the above bank
February 13, 2009	Sherman County Bank	.6556	4	$28.0 million
April 24, 2009	First Bank of Beverly Hills	.6667	1	$394 million
March 20, 2009	Colorado National Bank	.6696	4	$9 million
March 1, 2002	Net 1st National Bank	.6888	1	?
July 27, 2001	Superior Bank, FSB	.6957	18	$450-$550 million (source)
November 7, 2008	Franklin Bank	.7255	46	$1.4 - $1.6 billion
March 7, 2008	Hume Bank	.7273	1	?
February 27, 2009	Security Savings Bank	.7352	2	$59.1 million
March 20, 2009	TeamBank, N.A.	.7357	17	$98 million
April 10, 2009	New Frontier Bank	.7500	3	$670 million
December 12, 2008	Sanderson State Bank	.7541	1	$12.5 million
November 21, 2008	Downey Savings and Loan Association	.7578	175	$2.1 billion
February 6, 2009	County Bank	.7647	39	$135 million
April 24, 2009	First Bank of Idaho	.7650	7	$191.2 million
June 27, 2002	Universal Federal Savings Bank	.7692	1	?
December 14, 2000	The National State Bank of Metropolis	.7743	1	?
February 13, 2009	Riverside Bank of the Gulf Coast	.7866	9	$201.5 million
February 7, 2002	NextBank, N.A	.7914	0, an internet bank	$300-$400 million (source)
February 14, 2004	Dollar Savings Bank	.7967	1	?
November 8, 2002	Bank of Alamo	.7968	1	$4-$5 million
November 7, 2008	Security Pacific Bank	.8022	4	$210 million
June 26, 2002	Connecticut Bank of Commerce	.8121	1	?
April 10, 2009	Cape Fear Bank	.8191	8	$131 million
April 17, 2009	Great Basin Bank	.8200	5	$42 million
January 16, 2009	Bank of Clark County	.8208	1 (source)	$120-$145 million
April 24, 2009	Michigan Heritage Bank	.8218	3	$71.3 million
August 22, 2008	The Columbian Bank and Trust	.8271	9	$60 million
February 6, 2009	FirstBank Financial Services	.8279	4	$111 million
May 9, 2003	First National Bank of Blanchardville	.8286	1	?
December 5, 2008	First Georgia Community Bank	.8312	4	$72.2 million
February 1, 2002	The Oakwood Deposit Bank Company	.8326	2	?
March 27, 2009	Omni National Bank	.8335	6	$290 million
February 6, 2009	Alliance Bank	.8342	5	$206 million
February 2, 2007	Metropolitan Savings Bank	.8354	1	?
September 7, 2001	Sinclair National Bank	.8371	2	$4.4 million
January 30, 2009	Suburban Federal Savings Bank	.8389	7	$126 million
January 23, 2009	1st Centennial Bank	.8426	6	$227 million
September 5, 2008	Silver State Bank	.8500	13 (source)	$450 - $550 million
September 30, 2002	AmTrade International Bank	.8500	1	"less than" $6 million
May 9, 2008	ANB Financial, NA	.8571	9	$214 million
February 13, 2009	Corn Belt Bank and Trust Company	.8624	2	$100 million
February 7, 2003	Southern Pacific Bank	.8647	3	$134.5 million
June 25, 2004	Bank of Ephraim	.8707	4	$13.8 million
August 1, 2008	First Priority Bank	.8764	6	$72 million
October 4, 2007	Miami Valley Bank	.8766	2	$3 million
February 13, 2009	Pinnacle Bank	.8767	1	$12.1 million
October 10, 2008	Main Street Bank	.8776	2	$33 - $39 million
July 25, 2008	First National Bank of Nevada	.8824	25	$862 million
October 31, 2008	Freedom Bank	.8850	4	$80 - $104 million
February 20, 2009	Silver Falls Bank	.8851	3	$50 million
September 19, 2008	Ameribank	.8870	8	$42 million
October 13, 2000	Bank of Honolulu	.8894	3	$2.5 million
December 17, 2002	The Farmers Bank & Trust	.8946	1	?
November 21, 2008	The Community Bank	.8978	4	$200-$240 million
December 12, 2008	Haven Trust Bank	.9003	4	$200 million
November 14, 2003	Pulaski Savings Bank	.9020	1	$1.1 million
March 12, 2004	Guaranty National Bank	.9028	5	$0
January 18, 2002	Bank of Sierra Blanca	.9074	1	$1.4 million
July 25, 2008	First Heritage Bank, N.A	.9173	3	combined in with First National Bank of Nevada, the above bank
January 30, 2009	Ocala National Bank	.9181	4	$99.6 million
May 30, 2008	First Integrity Bank, NA	.9196	2	$2.3 million
January 25, 2008	Douglass National Bank	.9197	3	$5.6 million
September 28, 2007	NetBank	.9200	0, an internet bank	$110 million
January 11, 2002	Hamilton Bank, N.A	.9231	9	?
March 19, 2004	Reliance Bank	.9241	1	$300,000.00
May 3, 2001	The Malta National Bank	.9263	1	$80,000.00
April 24, 2009	American Southern Bank	.9288	1	$41.9 million
March 6, 2009	Freedom Bank of Georgia	.9306	4	$36.2 million
January 16, 2009	National Bank of Commerce	.9332	2	$97.1 million
March 20, 2009	FirstCity Bank	.9360	1	$100 million
February 27, 2009	Heritage Community Bank	.9386	4	$41.6 million
October 10, 2008	Meridian Bank	.9413	4	$13 - $14.5 million
March 28, 2002	New Century Bank	.9474	1	?
April 17, 2009	American Sterling Bank	.9497	6 (source)	$42 million
February 2, 2001	First Alliance Bank & Trust Company	.9511	1	$119,000.00
January 30, 2009	MagnetBank	.9655	1 (source)	?
August 29, 2008	Integrity Bank	.9740	5	$250 - $350 million
October 24, 2008	Alpha Bank & Trust	.9777	2	$158.1 million

Table 6 below is sorted on the FDIC's costs to seize the banks, least to greatest, and then followed by those whose costs are unknown. This table is helpful as it more clearly shows where the FDIC's costs, versus the size of the banks, are in relation and where they are not. WaMu is the largest bank seized, yet the least costly to seize. This is incongruent as larger things should be more expensive. A big house, car, project is more expensive than a little house, car or project. Why would the biggest bank seizure by far, be the least costly, - because it was unnecessary, a steal. How would you cover this up, by selling it in a chaotic moment, as cheaply as possible. This explains the rush to sell before Congress got the EESA organized.
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Table 6:..........The FDIC's Costs to Seize the Banks..........data as of April 24, 2009
Date	Bank	Total Deposits to Total Assets Ratio	Number of Branches	FDIC costs
September 25, 2008	Washington Mutual Bank and Washington Mutual Bank FSB	.6124	2,239	$0.00
March 12, 2004	Guaranty National Bank	.9028	5	$0.00
May 3, 2001	The Malta National Bank	.9263	1	$80,000.00
February 2, 2001	First Alliance Bank & Trust Company	.9511	1	$119,000.00
March 19, 2004	Reliance Bank	.9241	1	$300,000.00
November 14, 2003	Pulaski Savings Bank	.9020	1	$1.1 million
January 18, 2002	Bank of Sierra Blanca	.9074	1	$1.4 million
May 30, 2008	First Integrity Bank, NA	.9196	2	$2.3 million
October 13, 2000	Bank of Honolulu	.8894	3	$2.5 million
October 4, 2007	Miami Valley Bank	.8766	2	$3 million
November 8, 2002	Bank of Alamo	.7968	1	$4-$5 million
September 7, 2001	Sinclair National Bank	.8371	2	$4.4 million
January 25, 2008	Douglass National Bank	.9197	3	$5.6 million
September 30, 2002	AmTrade International Bank	.8500	1	"less than" $6 million
March 20, 2009	Colorado National Bank	.6696	4	$9 million
February 13, 2009	Pinnacle Bank	.8767	1	$12.1 million
December 12, 2008	Sanderson State Bank	.7541	1	$12.5 million
June 25, 2004	Bank of Ephraim	.8707	4	$13.8 million
October 10, 2008	Meridian Bank	.9413	4	$13 - $14.5 million
February 13, 2009	Sherman County Bank	.6556	4	$28.0 million
October 10, 2008	Main Street Bank	.8776	2	$33 - $39 million
March 6, 2009	Freedom Bank of Georgia	.9306	4	$36.2 million
February 27, 2009	Heritage Community Bank	.9386	4	$41.6 million
April 24, 2009	American Southern Bank	.9288	1	$41.9 million
April 17, 2009	Great Basin Bank	.8200	5	$42 million
April 17, 2009	American Sterling Bank	.9497	6 (source)	$42 million
September 19, 2008	Ameribank	.8870	8	$42 million
February 20, 2009	Silver Falls Bank	.8851	3	$50 million
February 27, 2009	Security Savings Bank	.7352	2	$59.1 million
August 22, 2008	The Columbian Bank and Trust	.8271	9	$60 million
April 24, 2009	Michigan Heritage Bank	.8218	3	$71.3 million
August 1, 2008	First Priority Bank	.8764	6	$72 million
December 5, 2008	First Georgia Community Bank	.8312	4	$72.2 million
October 31, 2008	Freedom Bank	.8850	4	$80 - $104 million
January 16, 2009	National Bank of Commerce	.9332	2	$97.1 million
March 20, 2009	TeamBank, N.A.	.7357	17	$98 million
January 30, 2009	Ocala National Bank	.9181	4	$99.6 million
March 20, 2009	FirstCity Bank	.9360	1	$100 million
February 13, 2009	Corn Belt Bank and Trust Company	.8624	2	$100 million
September 28, 2007	NetBank	.9200	0, an internet bank	$110 million
February 6, 2009	FirstBank Financial Services	.8279	4	$111 million
January 16, 2009	Bank of Clark County	.8208	1 (source)	$120-$145 million
January 30, 2009	Suburban Federal Savings Bank	.8389	7	$126 million
April 10, 2009	Cape Fear Bank	.8191	8	$131 million
February 7, 2003	Southern Pacific Bank	.8647	3	$134.5 million
February 6, 2009	County Bank	.7647	39	$135 million
October 24, 2008	Alpha Bank & Trust	.9777	2	$158.1 million
April 24, 2009	First Bank of Idaho	.7650	7	$191.2 million
December 12, 2008	Haven Trust Bank	.9003	4	$200 million
November 21, 2008	The Community Bank	.8978	4	$200-$240 million
February 13, 2009	Riverside Bank of the Gulf Coast	.7866	9	$201.5 million
February 6, 2009	Alliance Bank	.8342	5	$206 million
November 7, 2008	Security Pacific Bank	.8022	4	$210 million
May 9, 2008	ANB Financial, NA	.8571	9	$214 million
January 23, 2009	1st Centennial Bank	.8426	6	$227 million
August 29, 2008	Integrity Bank	.9740	5	$250 - $350 million
March 27, 2009	Omni National Bank	.8335	6	$290 million
February 7, 2002	NextBank, N.A	.7914	0, an internet bank	$300-$400 million (source)
April 24, 2009	First Bank of Beverly Hills	.6667	1	$394 million
September 5, 2008	Silver State Bank	.8500	13 (source)	$450 - $550 million
July 27, 2001	Superior Bank, FSB	.6957	18	$450-$550 million (source)
April 10, 2009	New Frontier Bank	.7500	3	$670 million
July 25, 2008	First National Bank of Nevada	.8824	25	$862 million
July 25, 2008	First Heritage Bank, N.A	.9173	3	combined in with First National Bank of Nevada, the above bank
November 7, 2008	Franklin Bank	.7255	46	$1.4 - $1.6 billion
November 21, 2008	Downey Savings and Loan Association	.7578	175	$2.1 billion
November 21, 2008	PFF Bank & Trust	.6486	38	combined in with Downey S&L, the above bank
July 11, 2008	IndyMac Bank	.5954	33	$10.7 billion (source)
January 30, 2009	MagnetBank	.9655	1 (source)	?
March 7, 2008	Hume Bank	.7273	1	?
February 2, 2007	Metropolitan Savings Bank	.8354	1	?
February 14, 2004	Dollar Savings Bank	.7967	1	?
May 9, 2003	First National Bank of Blanchardville	.8286	1	?
December 17, 2002	The Farmers Bank & Trust	.8946	1	?
June 27, 2002	Universal Federal Savings Bank	.7692	1	?
June 26, 2002	Connecticut Bank of Commerce	.8121	1	?
March 28, 2002	New Century Bank	.9474	1	?
March 1, 2002	Net 1st National Bank	.6888	1	?
February 1, 2002	The Oakwood Deposit Bank Company	.8326	2	?
January 11, 2002	Hamilton Bank, N.A	.9231	9	?
December 14, 2000	The National State Bank of Metropolis	.7743	1	?

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Notes:
Previous to Washington Mutual the largest bank failure was Continental Illinois in 1984, which held a comparably small $40.7 billion in assets. Continental Illinois was nationalized, as a seizure was ruled out for being a systemic risk.
Continental Illinois: A Case Study.
The Collapse of Continental Illinois National Bank and Trust Company.(pdf)
Continental Illinois and "Too Big to Fail".(pdf)





mr.danielwood@gmail.com