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Fdic Says Bank Profits Rise While Lending Falls

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by Steve Rosenbush
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Aug 31 2010 5:45pm EDT

FDIC Says Bank Profits Rise While Lending Falls

Vital stats from today's FDIC report on the health of the banking industry:

Bank profits—They are up about 21 percent to $21.6 billion in the second quarter.

Lending—Loan balances, well, they are down by 1.3 percent. Oh, well.

Lending to small business—It's down 1.8 percent. Oh, well.

Bank failures—They're still failing after hitting a level of 140 last year. So far this year, bank failures number 118 and are expected to peak during the third quarter. And 829 remain at risk.

Problem assets—Declined during the second quarter to $403 billion from $431 billion in the first.

Steve Rosenbush is the blogs/industry editor for Portfolio.com.

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