biomedlives

It's Not Citi, But City Bank Not Pretty Either

May, 2009 update - The level of non performing assets is up to 44% of total assets at CTBK.

Are Bank Stocks Buyable?

Marc - If you're referring to chargeoffs when you discuss loan loss criteria, I agree with your logic completely. I pay much more attention to the level of non-performing assets than to chargeoffs, because I believe banks have less discretion in defining NPAs.

Are Bank Stocks Buyable?

The list of criteria looks good, but I believe it needs an addition that reflects the level of non-performing assets and the adequacy of the loan loss reserve.

It's Not Citi, But City Bank Not Pretty Either

I agree with sambordulac that the trend in non-performing assets does not inspire confidence, and I'm surprised that the current level is at 8% for a bank operating in a geographic area that does not appear to have had a real estate bubble.

The Long Case for City Bank

Now (end of the second quarter) non-performing assets are up to $103 million, with a $14 million loan loss reserve. I would want to see the NPA figure coming down before I invested.

The Long Case for City Bank

I agree that the superior ROA, ROE, and efficiency are appealing, but $11 million is definitely not an "adequate loan loss reserve" (CTBK story on Business Wire, 4/14) for $56 million in non-performing assets. CTBK should be adding more to the reserve.