msnbc.com
updated 2 hours, 8 minutes ago
The number of banks with risky levels of bad loans continues to climb rapidly, particularly in the West and Southeast, according to federal data analyzed by msnbc.com and the Investigative Reporting Workshop at American University in Washington.
A total of 369 banks had high “troubled asset ratios” at the end of September, up from 297 in June, an increase of one-fourth, according to the analysis. A high ratio means a bank had more troubled loans than money set aside to cover potential losses.
The states with the heaviest concentrations of banks with high levels of bad loans are Nevada, Washington, Florida, Arizona, Georgia, Oregon and Utah.
Here are four ways you can check the health of any bank or credit union in the United States:
- Check our list of banks with high levels of troubled loans.
- See how much bad debt each of the nation's 400 largest banks is carrying.
- Check the report card for any bank on the updated BankTracker site from American University.
- You can also look up any credit union.
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