Wisconsin Banks continued their steady improvement in the second quarter of 2012, but Securant Bank and Trust, whose trust operations are promoted by certain settlement planners and national marketing organizations, continues to suffer some of the worst losses, according to this article in Milwaukee Wisconsin Journal Sentinel on August 28, 2012. The Journal Sentinel cited an August 28th report released by the Federal Deposit Insurance Corporation (FDIC).
This author conducted some additional research and discovered some absolutely shocking financials
A. Troubled Assets increased by 25% from $16.14M Q1 2011 to $20.58M Q1 2012. Securant’s troubled asset ratio has steadily increased in the last 5 years and now exceeeds 105. The national median is about 17% of Securant’s trouble asset ratio.
Troubled Asset Ratio is derived by adding the amounts of loans past due 90 days or more, loans in non-accrual status and other real estate owned (primarily properties obtained through foreclosure-see below) and dividing that amount by the bank’s capital and loan loss reserves. It is reported as a percentage.
See How Healthy Is Your Bank? Securant Bank & Trust
Source: banktracker.investgativereportingworkshop.org American University
B. Other Real Estate Owned doubled year over year!
C. Capital Decreased by about one third from $19.75M to $12.97M
D. Assets shrunk by 12%
Related Reading
“When a Bank Fails , Are Trust Assets At Risk? February 18, 2011
Securant Bank & Trust’s Texas Sized Texas Ratio; Very Weak Weiss Rating “E” ek!” April 6, 2012
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