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Twin Ports Banks Doing Well

At least according to this list they are. Found on this website, this is a list of all the banks in the U.S. and their corresponding Texas ratios. What's a Texas ratio?

"Developed by Gerard Cassidy, the Texas ratio is a measure of a bank's credit troubles. Basically, the higher the ratio, the worse the situation is for that particular bank. Banks with a ratio of 100 and higher are in very serious danger of collapse, and banks with a ratio of 50 or higher are vulnerable."

Twin Ports-based banks and their corresponding Texas Ratios
Park State Bank - 22
Superior Savings Bank - 15
Community Bank - 13
Republic Bank, Inc. - 13
Superior Bank - 9
Pioneer National Bank of Duluth - 9
North Shore Bank of Commerce - 6
Western National Bank - 5
National Bank of Commerce - 1



My minuscule fortune is in a credit union. A silly little organization that does not exist to make a profit for rich a-holes or stock holders. Instead, it is owned by it's depositors. The couple of times in my youth that I had money in a bank, I always ended up getting screwed with arbitrary fees.

I love my bank, North Shore Bank, and am so glad their Texas ratio is low! And TimK, NSB is very supportive of artists, they have John Steffl on retainer, setting up art shows there. AND they are not assholes when I have to do a currency exchange with my old auntie in Canada's birthday check to me. Wells Fargo took half the money in arbitrary fees -- so I switched banks. NSB rocks!

I thin something that almost everyone can agree on is that Wells Fargo fits TimK's description to a 'T'

Three months after paying off my student loan which was serviced by Wells-Fargo, they sent me a nasty collection notice claiming that I hadn't paid enough interest and would I please make arrangements to give them another $5000!!! It took two weeks of daily yelling at those morons before they relented.

Texas ratio

From Wikipedia, the free encyclopedia

The Texas ratio is a measure of a bank's credit troubles. Developed by Gerard Cassidy and others at RBC Capital Markets, it is calculated by dividing the value of the lender's non-performing loans by the sum of its tangible equity capital and loan loss reserves.

In analyzing Texas banks during the early 1980s recession, Cassidy noted that banks tended to fail when this ratio reached 1:1, or 100%. He noted a similar pattern among New England banks during the recession of the early 1990s.

I've done business with Western Bank, and I'm not surprised - they were very prudent, conservative and careful about setting up the loan with us.

This wasn't a market with crazy real estate shenanigans, and these banks aren't they type that were going wild with credit default swaps or anything.

Anyway, that's good to hear! Hopefully 2009 will be decent for the local economy. I'm spending all my money at Cirrus, first check I get - I'm no elitist.

although there is some local bank that advertised "reverse mortgages", on PBS even, which is a bit of a scam imo

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