National News

Bank earnings improving

Sixty-two percent of banks reported improvement in earnings in the fourth quarter of 2010 compared to a year earlier, the FDIC reported. (See page 12.) Average return on assets rose to 0.65 percent, from negative 0.06 percent a year ago. The number of banks on the FDIC’s problem bank list (those with CAMELS ratings of 4 and 5) increased to 860 at the end of the year, representing assets of $390 billion. At year-end, the Deposit Insurance Fund had a balance of negative $7.4 billion . . .

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