Originally published Friday, August 28, 2009 at 10:55 AM
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FDIC reports Washington banks had bad 2nd quarter
According to a report from the Federal Deposit Insurance Corporation, Washington banks have twice the percentage of non-performing loans as the national average.
The Associated Press
According to a report from the Federal Deposit Insurance Corporation, Washington banks have twice the percentage of non-performing loans as the national average.
The Vancouver Columbian reports that Thursday's FDIC report listed a 9.2 percent ratio of non-performing loans for Washington's 81 banks. That compares with a 4.4 rate nationally in the second quarter.
The FDIC-insured banks in Washington reported a combined quarterly loss of $522 million, compared with a $74 million profit a year ago.
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Information from: The Columbian, http://www.columbian.com
Copyright © The Seattle Times Company
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