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OCC: Banks show improving performance in Southern District

The Office of the Comptroller of the Currency today released information stating community banks in nine southern states have shown improving performance as oil and gas activity has driven deposit growth.

“The financial condition of community financial institutions continues to improve and most of the metrics we track of key financial areas are positive for the institutions we supervise,” said Gil Barker, the OCC's Southern District Deputy Comptroller. “Most banks with asset quality issues are having success reducing problem assets which has resulted in a significant decrease in the number of problem banks and a reduction in enforcement actions in 2012 and 2013.”

The OCC conducts a quarterly analysis of community banks based on financial data from the Consolidated Reports of Condition and Income, also known as call reports. In addition, the OCC gathers information about market conditions and industry health from its 21 locally based assistant deputy comptrollers in the Southern District which includes Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Oklahoma, Tennessee and Texas.

You can read the OCC's full release by clicking here. You can also read a fact sheet on the bank and thrift performance of the Southern District provided by the OCC by clicking here.

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