Based on recent data from the FDIC, as well as anecdotal evidence from bankers in Chicago and northern Illinois who have been subjected to the OCC and FDIC bank audits, it does seem that although the United States banking system is not out of the woods yet, the banking system continues to heal.
Based on the above chart from the FDIC, the general trend is downward, albeit slowly.
So, in about 3 years, provided the commercial delinquencies don't cause brand-new spiking lines on the graph, these red lines of failure should be all but about gone.
That is provided of course that bankers don't go right back out and do the same thing which got them in trouble...akin to a dieter gaining back all the weight they lost.
Michael Hobbs, PahRoo Appraisal & Consultancy
Job Opening: Hiring 2 Certified Residential Appraisers for Chicago or Suburbs, salary based on competency, $50,000 to $85,000 annually.