Bad loans spike nationally in first quarter of

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An analysis of FDIC data for 8,228 bankxs by the Investigative Reporting Workshopl atin Washington, D.C., released June 11 showec bad loans for the first quarter increaserd 22 percent over the fourth quarte r of 2008. “The bankinb crisis has been a one-two punch,” said Brian Koble, senior research analyst at Downtown-based investment firm “The first was the residentiao mortgage crisis and the second is the commerciallendinf crisis, and few banks have been able to avoif both. Pittsburgh banks did a better job than most others in avoidinhg the worst of the residentialmortgagde crisis, but the depth and length of the recessionm is starting to take its toll.
” American University included loans 90 days or more past due and loansz in non-accrual status, meaning banks can no longefr claim interest from these and value of foreclosed properties for each bank. That amoun t was then divided bythe bank’ss capital and loan loss reserves to determine the troubled asset ratio.