Credit problems are still prevalent
From Atlanta business journal (GA):
Credit problems rising for Georgia banks
Credit problems for banks in metro Atlanta and statewide increased for the sixth straight quarter, as the state’s banking crisis shows no signs of letting up.
An analysis of third-quarter results for the state’s more than 300 banks, filed with the Federal Deposit Insurance Corp., shows the rate of increase in credit problems slowing slightly, but it does not indicate wholesale improvements for a battered industry.
Atlanta banks are reporting, on average, that 13.9 percent of loans are in some stage of delinquency, default or have been foreclosed, according to an analysis of third-quarter data by Atlanta-based FIG Partners LLC. That number is nearly double the statewide figure of almost 8.5 percent…
