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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (81958)7/24/2008 2:02:37 PM
From: philv  Read Replies (1) | Respond to of 116555
 
It really is sad to see the main stream media so completely brainwashed by the Wall Street establishment that it takes bloggers to do the research and publish the truth.

For how many years has the established media ignored what has now become the sub prime debacle, opting instead to print feel good spoon fed articles. I am sure the establishment would like to "control" even the bloggers.

Keep pounding Mish.



To: mishedlo who wrote (81958)7/24/2008 4:41:11 PM
From: ajtj99  Respond to of 116555
 
Today I read WaMu's assets in the end of 2007 were about $227 Billion. IndyMac's were $32-Billion.

Using the mid-point of the FDIC's estimate of the IndyMac draw against their $52.8 Billion fund, that would leave about $46.8 Billion left.

With approximately $160 Billion in deposits and $15-Billion in cash on hand, WaMu's FDIC insured exposure, if proportional to IndyMac's, would be about $60-Billion.

If WaMu goes under, which is greater than a 50% probability according to credit default swaps, the FDIC will need supplemental funding.

The swaps were trading recently showing a 24% chance of failure within a year and greater than 50% within 5-years. New coverage is also only available by paying the entire premium up-front, or greater than 50% of the coverage. This shows the amount of fear that WaMu is history.



To: mishedlo who wrote (81958)7/24/2008 4:42:26 PM
From: ajtj99  Read Replies (1) | Respond to of 116555
 
Here's an excel file with the largest banks ranked by return on assets last year. Some, like IndyMac, are no longer with us. I don't know how this will format, but here it is:

Public Banks & Thrifts with Total Assets of $3B or More

2008 Rank 2007 Rank 2006 Rank Institution Code Industry Total Assets ($000)
1 5 1 TCF Financial Corporation, Wayzata, MN 102002 Bank $15,977,054
2 3 4 Bank of Hawaii Corporation, Honolulu, HI 100161 Bank 10,472,942
3 6 3 Westamerica Bancorporation, San Rafael, CA 100489 Bank 4,558,959
4 7 5 U.S. Bancorp, Minneapolis, MN 4047176 Bank 237,615,000
5 17 N/A Frontier Financial Corporation, Everett, WA 1016791 Bank 3,995,689
6 43 34 SVB Financial Group, Santa Clara, CA 100433 Bank 6,692,456
7 24 37 Northern Trust Corporation, Chicago, IL 100386 Bank 67,611,200
8 50 38 Marshall & Ilsley Corporation, Milwaukee, WI 100364 Bank 59,848,596
9 13 14 Wells Fargo & Company, San Francisco, CA 100382 Bank 575,442,000
10 42 45 S&T Bancorp, Inc., Indiana, PA 100445 Bank 3,421,169
11 12 N/A TrustCo Bank Corp NY, Glenville, NY 100465 Thrift 3,377,551
12 62 27 Wilmington Trust Corporation, Wilmington, DE 100497 Bank 11,485,709
13 27 17 Valley National Bancorp, Wayne, NJ 100486 Bank 12,748,959
14 29 N/A W.T.B. Financial Corporation, Spokane, WA* 1016731 Bank 3,719,753
15 N/A N/A First Financial Bankshares, Inc., Abilene, TX 100572 Bank 3,070,309
16 35 16 Pacific Capital Bancorp, Santa Barbara, CA 100652 Bank 7,374,346
17 20 22 Cullen/Frost Bankers, Inc., San Antonio, TX 100196 Bank 13,485,014
18 11 10 CVB Financial Corp., Ontario, CA 100224 Bank 6,293,963
19 38 28 East West Bancorp, Inc., Pasadena, CA 4040606 Bank 11,852,212
20 44 62 BancFirst Corporation, Oklahoma City, OK 100534 Bank 3,743,006
21 67 60 BB&T Corporation, Winston-Salem, NC 100438 Bank 132,618,000
22 N/A N/A WSFS Financial Corporation, Wilmington, DE 101999 Thrift 3,201,496
23 108 79 FirstMerit Corporation, Akron, OH 100241 Bank 10,400,666
24 36 48 Commerce Bancshares, Inc., Kansas City, MO 100184 Bank 16,204,831
25 34 40 City National Corporation, Beverly Hills, CA 100225 Bank 15,889,290

26 33 32 Glacier Bancorp, Inc., Kalispell, MT 1023792 Bank 4,817,330
27 48 29 International Bancshares Corporation, Laredo, TX* 101236 Bank 11,167,161
28 26 41 Comerica Incorporated, Dallas, TX 100206 Bank 62,331,000
29 31 78 State Street Corporation, Boston, MA 100447 Bank 142,543,000
30 19 25 Synovus Financial Corp., Columbus, GA 100440 Bank 33,018,452
31 8 31 FirstFed Financial Corp., Santa Monica, CA 101758 Thrift 7,222,981
32 60 69 Cathay General Bancorp, Los Angeles, CA 100173 Bank 10,402,532
33 30 13 UnionBanCal Corporation, San Francisco, CA 1022285 Bank 55,727,748
34 10 108 Hancock Holding Company, Gulfport, MS 100308 Bank 6,055,979
35 55 54 United Bankshares, Inc., Charleston, WV 100469 Bank 7,994,739
36 71 138 JPMorgan Chase & Co., New York, NY 100201 Bank 1,562,147,000
37 70 91 F.N.B. Corporation, Hermitage, PA 100237 Bank 6,088,021
38 135 122 First Financial Bancorp., Cincinnati, OH 100255 Bank 3,369,316
39 57 58 Associated Banc-Corp, Green Bay, WI 100135 Bank 21,592,083
40 4 8 Corus Bankshares, Inc., Chicago, IL 100418 Bank 8,926,577
41 49 51 NBT Bancorp Inc., Norwich, NY 100374 Bank 5,201,776
42 61 115 Whitney Holding Corporation, New Orleans, LA 100505 Bank 11,027,264
43 86 93 BancorpSouth, Inc., Tupelo, MS 100163 Bank 13,189,841
44 152 20 Oriental Financial Group Inc., San Juan, PR 1032005 Bank 5,999,855
45 47 75 Trustmark Corporation, Jackson, MS 100464 Bank 8,966,802
46 69 73 BOK Financial Corporation, Tulsa, OK 100003 Bank 20,839,864
47 83 74 National Penn Bancshares, Inc., Boyertown, PA 100383 Bank 5,824,421
48 59 56 KeyCorp, Cleveland, OH 100334 Bank 99,983,000
49 77 N/A Heartland Financial USA, Inc., Dubuque, IA 1021344 Bank 3,264,126
50 82 112 Sterling Bancshares, Inc., Houston, TX 100517 Bank 4,535,909
51 90 86 First Citizens Bancorporation, Inc., Columbia, SC 100706 Bank 6,079,228
52 53 53 Anchor BanCorp Wisconsin Inc., Madison, WI 102183 Thrift 4,539,685
53 88 133 Old National Bancorp, Evansville, IN 100391 Bank 7,846,126
54 40 26 UCBH Holdings, Inc., San Francisco, CA 4023833 Bank 11,803,566
55 91 42 Fifth Third Bancorp, Cincinnati, OH 100260 Bank 110,962,000
56 N/A N/A Columbia Banking System, Inc., Tacoma, WA 100754 Bank 3,178,713
57 N/A N/A Sandy Spring Bancorp, Inc., Olney, MD 100651 Bank 3,043,953
58 107 77 MB Financial, Inc., Chicago, IL 102316 Bank 7,834,703
59 32 47 Bank of America Corporation, Charlotte, NC 100369 Bank 1,715,746,000
60 84 82 Texas Capital Bancshares, Inc., Dallas, TX 1984125 Bank 4,287,449
61 28 21 First Midwest Bancorp, Inc., Itasca, IL 100268 Bank 8,091,518
62 120 124 WesBanco, Inc., Wheeling, WV 100499 Bank 5,368,882
63 2 44 PNC Financial Services Group, Inc., Pittsburgh, PA 100406 Bank 138,920,000
64 56 80 M&T Bank Corporation, Buffalo, NY 100253 Bank 64,875,639
65 80 85 Chittenden Corporation, Burlington, VT* 100210 Bank 7,435,372
66 95 89 Washington Federal, Inc., Seattle, WA 102038 Thrift 10,285,417
67 58 35 Astoria Financial Corporation, Lake Success, NY 102333 Thrift 21,719,368
68 85 N/A Republic Bancorp, Inc., Louisville, KY 1018438 Bank 3,165,359
69 N/A N/A Integra Bank Corporation, Evansville, IN 100101 Bank 3,350,126
70 75 148 BankUnited Financial Corporation, Coral Gables, FL 101680 Thrift 15,046,271
71 N/A N/A Central Bancompany, Inc., Jefferson City, MO* 1018337 Bank 8,501,816
72 1 43 Bank of New York Mellon Corporation, New York, NY 100144 Bank 197,656,000
73 65 146 Banner Corporation, Walla Walla, WA 1024098 Bank 4,495,141
74 78 83 Fulton Financial Corporation, Lancaster, PA 100294 Bank 15,923,098
75 N/A N/A First Busey Corporation, Urbana, IL 100703 Bank 4,192,925
76 117 129 First Merchants Corporation, Muncie, IN 100283 Bank 3,782,087
77 74 50 Zions Bancorporation, Salt Lake City, UT 100501 Bank 52,947,414
78 N/A N/A Renasant Corporation, Tupelo, MS 100541 Bank 3,612,287
79 129 116 Community Bank System, Inc., De Witt, NY 100185 Bank 4,696,351
80 92 99 SunTrust Banks, Inc., Atlanta, GA 100449 Bank 179,573,933
81 N/A N/A Flushing Financial Corporation, Lake Success, NY 102398 Thrift 3,354,519
82 64 139 First Charter Corporation, Charlotte, NC* 100008 Bank 4,862,530
83 51 68 Wachovia Corporation, Charlotte, NC 100293 Bank 782,896,000
84 54 65 Harleysville National Corporation, Harleysville, PA 100314 Bank 3,903,001
85 76 N/A IBERIABANK Corporation, Lafayette, LA 1024573 Bank 4,916,958
86 72 92 Sterling Financial Corporation, Spokane, WA 101432 Bank 12,149,775
87 136 142 UMB Financial Corporation, Kansas City, MO 100473 Bank 9,342,959
88 68 87 Colonial BancGroup, Inc., Montgomery, AL 100205 Bank 25,975,989
89 99 97 Alabama National BanCorporation, Birmingham, AL* 101232 Bank 7,996,174
90 128 127 Northwest Bancorp, Inc. (MHC), Warren, PA 1137118 Thrift 6,663,516
91 109 88 Dime Community Bancshares, Inc., Brooklyn, NY 102643 Thrift 3,501,175
92 110 104 Prosperity Bancshares, Inc., Houston, TX 1018962 Bank 6,372,343
93 112 117 First Commonwealth Financial Corporation, Indiana, PA 100503 Bank 5,883,618
94 N/A N/A First State Bancorporation, Albuquerque, NM 100565 Bank 3,424,963
95 N/A N/A First Place Financial Corp., Warren, OH 4040220 Thrift 3,226,213
96 111 126 First Citizens BancShares, Inc., Raleigh, NC 100247 Bank 16,212,107
97 63 76 United Community Banks, Inc., Blairsville, GA 1022041 Bank 8,207,302
98 123 119 Chemical Financial Corporation, Midland, MI 100200 Bank 3,754,313
99 124 98 First Community Bancorp, San Diego, CA 4053613 Bank 5,179,040
100 125 130 Farmers & Merchants Bank of Long Beach, Long Beach, CA* 1014752 Bank 3,204,966
101 116 114 Wintrust Financial Corporation, Lake Forest, IL 1024452 Bank 9,368,859
102 103 125 1st Source Corporation, South Bend, IN 100444 Bank 4,447,104
103 94 107 AMCORE Financial, Inc., Rockford, IL 100130 Bank 5,192,778
104 138 134 New York Community Bancorp, Inc., Westbury, NY 1024119 Thrift 30,579,822
105 81 96 Imperial Capital Bancorp, Inc., La Jolla, CA 107432 Bank 3,551,219
106 N/A N/A AmTrust Financial Corporation, Cleveland, OH** 1031029 Thrift 16,732,148
107 104 147 First National of Nebraska, Inc., Omaha, NE* 100727 Bank 16,020,746
108 114 121 Susquehanna Bancshares, Inc., Lititz, PA 100457 Bank 13,077,994
109 98 N/A Western Alliance Bancorporation, Las Vegas, NV 1025038 Bank 5,016,096
110 122 153 Signature Bank, New York, NY 4066630 Bank 5,845,172
111 113 94 Citizens Republic Bancorp, Inc., Flint, MI 100175 Bank 13,505,983
112 137 143 First Niagara Financial Group, Inc., Lockport, NY 4004398 Thrift 8,096,228
113 105 131 Regions Financial Corporation, Birmingham, AL 100233 Bank 141,041,717
114 46 N/A Capital One Financial Corporation, McLean, VA 103239 Bank 150,590,369
115 140 141 Hudson City Bancorp, Inc., Paramus, NJ 4047078 Thrift 44,423,971
116 N/A N/A Midwest Banc Holdings, Inc., Melrose Park, IL 1021556 Bank 3,692,782
117 73 81 Capitol Bancorp Ltd., Lansing, MI 100176 Bank 4,901,763
118 142 144 Sun Bancorp, Inc., Vineland, NJ 109099 Bank 3,338,392
119 132 105 Webster Financial Corporation, Waterbury, CT 102030 Bank 17,201,960
120 126 128 Umpqua Holdings Corporation, Portland, OR 4047103 Bank 8,340,053
121 N/A N/A First BanCorp., San Juan, PR 4041406 Bank 17,186,931
122 101 103 Provident Bankshares Corporation, Baltimore, MD 100399 Bank 6,465,046
123 96 61 Commerce Bancorp, Inc., Cherry Hill, NJ 100211 Bank 49,255,506
124 133 152 South Financial Group, Inc., Greenville, SC 100172 Bank 13,877,584
125 119 113 People's United Financial, Inc., Bridgeport, CT** 4147129 Thrift 13,554,800
126 79 18 Independent Bank Corporation, Ionia, MI 100319 Bank 3,276,082
127 41 52 PrivateBancorp, Inc., Chicago, IL 1023170 Bank 4,990,205
128 141 140 Capitol Federal Financial (MHC), Topeka, KS 4044379 Thrift 7,677,530
129 25 36 Park National Corporation, Newark, OH 100396 Bank 6,501,102
130 143 150 Provident Financial Services, Inc., Jersey City, NJ 4080424 Thrift 6,359,391
131 146 151 Bank Mutual Corporation, Milwaukee, WI 4056082 Thrift 3,488,046
132 18 6 Citigroup Inc., New York, NY 4041896 Bank 2,187,631,000
133 148 158 Investors Bancorp, Inc. (MHC), Short Hills, NJ 1032002 Thrift 5,601,088
134 21 55 National City Corporation, Cleveland, OH 100378 Bank 150,374,028
135 121 100 Boston Private Financial Holdings, Inc., Boston, MA 100758 Bank 6,828,519
136 N/A N/A TFS Financial Corporation (MHC), Cleveland, OH 4041914 Thrift 10,278,029
137 147 156 NewAlliance Bancshares, Inc., New Haven, CT 4089620 Thrift 8,210,984
138 39 49 Huntington Bancshares Incorporated, Columbus, OH 100307 Bank 54,697,468
139 100 110 Central Pacific Financial Corp., Honolulu, HI 100213 Bank 5,680,386
140 66 63 Washington Mutual, Inc., Seattle, WA 102028 Thrift 327,913,000
141 N/A N/A Beneficial Mutual Bancorp, Inc. (MHC), Philadelphia, PA 4101847 Thrift 3,558,184
142 115 46 Popular, Inc., Hato Rey, PR 100165 Bank 44,411,437
143 45 72 PFF Bancorp, Inc., Rancho Cucamonga, CA 102617 Thrift 4,373,875
144 87 109 TierOne Corporation, Lincoln, NE 4074417 Thrift 3,538,124
145 14 33 Taylor Capital Group, Inc., Rosemont, IL 1032006 Bank 3,551,537
146 37 15 Downey Financial Corp., Newport Beach, CA 101733 Thrift 13,409,057
147 130 64 W Holding Company, Inc., Mayaguez, PR* 4047487 Bank 18,002,132
148 93 N/A Sterling Financial Corporation, Lancaster, PA* 100659 Bank 3,286,643
149 N/A N/A Countrywide Financial Corporation, Calabasas, CA 102796 Thrift 211,730,061
150 118 120 Flagstar Bancorp, Inc., Troy, MI 109084 Thrift 15,792,736
151 134 71 Santander BanCorp, San Juan, PR* 4055610 Bank 9,157,795
152 15 12 First Horizon National Corporation, Memphis, TN 100292 Bank 37,015,461
153 139 135 Franklin Bank Corp., Houston, TX 4089011 Thrift 5,722,584
154 150 155 Irwin Financial Corporation, Columbus, IN 100326 Bank 6,170,192
155 52 70 Hanmi Financial Corporation, Los Angeles, CA 4054775 Bank 3,983,746
156 149 101 Sovereign Bancorp, Inc., Philadelphia, PA 102000 Thrift 84,746,396
157 16 7 IndyMac Bancorp, Inc., Pasadena, CA 4055832 Thrift 32,734,468