Troubled bank loans held by banks in western Washington continued to shrink as a part of their overall lending portfolios, according to today’s release of first quarter data by Federal Deposit Insurance Corp.
At the end of March 2013, past-due and non-accrual loans were 2.88 percent of total loans held by 101 banking institutions in the Olympia-Tacoma market as well as in Seattle-Bellevue and Bellingham. That is almost a full one-percent improvement from first quarter 2012 and down from 3.00 percent on Dec. 31, 2012.
Median pretax return on assets (ROA) for all banks in the region improved by one-third over the 12 month period up to 0.90 percent from 0.62 percent for Q1-2012. Nationwide, bank earnings were up by 15.8 percent to mark the 15th consecutive quarterly gain over the prior year. Here is a link to the national results.