The Federal Deposit Insurance Corp. is out with its December numbers for Washington – and they provide a good look at how bad things were for the banking industry in the state.
• The total number of state-chartered banks in operation fell to 64 at the end of December from 80 at the end of 2009.
• The number of people employed at state-chartered banks fell from 12,632 to 11,134.
• Net income for the year at state-chartered banks actually improved, from a loss of $2.06 billion in 2009 to a loss of $425 million in 2010.
• Total assets at state-chartered banks fell from $57.3 billion in 2009 to $46.4 billion in 2010.
• Total deposits fell from $46.2 billion to $37.9 billion.
• The pre-tax return on assets fell from minus-4 percent to minus-0.79 percent.
• The percent of unprofitable institutions – and here’s perhaps the most promising number, but understandable with all of the closings and takeovers – fell from 70 percent at the end of 2009 to 48.44 percent in 2010.
• Non-current loans and leases – again a silver lining to the clouds – fell from 9.81 percent to 6.46 percent.