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Material Loss and In-Depth Reviews

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2015 Material Loss and In-Depth Reviews        
Material Loss Review of Valley Bank, Moline, Illinois
(Report No. AUD-15-005, 8/12/2015)
In-Depth Review of the Failure of Vantage Point Bank, Horsham, Pennsylvania
(Report No. AUD-15-003, 3/30/2015)
2014 Material Loss and In-Depth Reviews        
Material Loss Review of The Bank of Union, El Reno, Oklahoma
(Report No. AUD-14-010, 9/10/2014)
2012 Material Loss and In-Depth Reviews        
Material Loss Review of Tennessee Commerce Bank, Franklin, Tennessee
(Report No. AUD-12-014, 9/13/2012)
Material Loss Review of The First State Bank, Stockbridge, Georgia
(Report No. AUD-12-013, 9/13/2012)
Material Loss Review of Bank of Choice, Greeley, Colorado
(Report No. AUD-12-007, 2/17/2012)
Material Loss Review of Colorado Capital Bank, Castle Rock, Colorado
(Report No. AUD-12-006, 2/17/2012)
Material Loss Review of Atlantic Southern Bank, Macon, Georgia
(Report No. AUD-12-003, 12/16/2011)
2011 Material Loss and In-Depth Reviews        
Material Loss Review of FirsTier Bank, Louisville, Colorado
(Report No. AUD-11-013, 8/24/2011)
Material Loss Review of Peninsula Bank, Englewood, Florida
(Report No. AUD-11-012, 7/21/2011)
Material Loss Review of ShoreBank, Chicago, Illinois
(Report No. MLR-11-012, 2/25/2011)
In-Depth Review of the Failure of USA Bank, Port Chester, New York
(Report No. AUD-11-011, 7/11/2011)
Material Loss Review of Crescent Bank and Trust Company, Jasper, Georgia
(Report No. MLR-11-011, 1/28/2011)
In-Depth Review of the Failure of Washington First International Bank, Seattle, Washington
(Report No. AUD-11-010, 6/20/2011)
Follow-up Audit of FDIC Supervision Program Enhancements
(Report No. MLR-11-010, 12/23/2010)
Material Loss Review of R-G Premier Bank of Puerto Rico, Hato Rey, Puerto Rico
(Report No. MLR-11-009, 12/2/2010)
Material Loss Review of Hillcrest Bank, Overland Park, Kansas
(Report No. AUD-11-008, 5/18/2011)
Material Loss Review of Eurobank, San Juan, Puerto Rico
(Report No. MLR-11-008, 12/2/2010)
Material Loss Review of Premier Bank, Jefferson City, Missouri
(Report No. AUD-11-007, 5/18/2011)
Material Loss Review of Westernbank Puerto Rico, Mayaguez, Puerto Rico
(Report No. MLR-11-007, 12/2/2010)
In-Depth Review of the Failure of The Gordon Bank, Gordon, Georgia
(Report No. AUD-11-006, 5/11/2011)
In-Depth Review of the Failure of First Lowndes Bank, Fort Deposit, Alabama
(Report No. IDR-11-006, 2/14/2011)
Material Loss Review of Frontier Bank, Everett, Washington
(Report No. MLR-11-006, 12/2/2010)
In-Depth Review of the Failure of Wheatland Bank, Naperville, Illinois
(Report No. IDR-11-005, 1/21/2011)
Material Loss Review of CF Bancorp, Port Huron, Michigan
(Report No. MLR-11-005, 12/2/2010)
In-Depth Review of the Failure of The Park Avenue Bank, New York, New York  
(Report No. IDR-11-004, 12/23/2010)
Material Loss Review of Broadway Bank, Chicago, Illinois  
(Report No. MLR-11-004, 11/12/2010)
In-Depth Review of the Failure of Centennial Bank, Ogden, Utah  
(Report No. IDR-11-003, 11/23/2010)
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Material Loss Review of City Bank, Lynnwood, Washington  
(Report No. MLR-11-003, 11/12/2010)
In-Depth Review of the Failure of the Bank of Hiawassee, Hiawassee, Georgia  
(Report No. IDR-11-002, 11/2/2010)
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Material Loss Review of Advanta Bank Corp., Draper, Utah  
(Report No. MLR-11-002, 10/1/2010)
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In-Depth Review of the Failure of George Washington Savings Bank, Orland Park, Illinois  
(Report No. IDR-11-001, 10/14/2010)
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Material Loss Review of Appalachian Community Bank, Ellijay, Georgia  
(Report No. MLR-11-001, 10/1/2010)
2010 Material Loss and In-Depth Reviews        
Material Loss Review of First Regional Bank, Los Angeles, California  
(Report No. MLR-10-047, 9/1/2010)
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Material Loss Review of Community Bank & Trust, Cornelia, Georgia  
(Report No. MLR-10-046, 9/1/2010)
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In-Depth Review of the Failure of Columbia River Bank, The Dalles, Oregon  
(Report No. IDR-10-002, 9/1/2010)
Material Loss Review of Horizon Bank, Bellingham, Washington  
(Report No. MLR-10-045, 8/30/2010)
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Material Loss Review of Florida Community Bank, Immokalee, Florida  
(Report No. MLR-10-044, 8/30/2010)
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In-Depth Review of the Failure of EvergreenBank, Seattle, Washington  
(Report No. IDR-10-001, 8/24/2010)
Material Loss Review of United Commercial Bank, San Francisco, California
(Report No. MLR-10-043, 7/20/2010)
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Material Loss Review of Citizens State Bank, New Baltimore, Michigan  
(Report No. MLR-10-042, 7/20/2010)
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Material Loss Review of RockBridge Commercial Bank, Atlanta, Georgia  
(Report No. MLR-10-041, 7/20/2010)
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Material Loss Review of Imperial Capital Bank, La Jolla, California  
(Report No. MLR-10-040, 7/19/2010)
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Material Loss Review of The Buckhead Community Bank, Atlanta, Georgia  
(Report No. MLR-10-039, 6/15/2010)
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Material Loss Review of Benchmark Bank, Aurora, Illinois  
(Report No. MLR-10-038, 6/15/2010)
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Material Loss Review of Prosperan Bank, Oakdale, Minnesota  
(Report No. MLR-10-037, 6/2/2010)
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Material Loss Review of North Houston Bank, Houston, Texas, and Madisonville State Bank, Madisonville, Texas  
(Report No. MLR-10-036, 5/20/2010)
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Material Loss Review of United Security Bank, Sparta, Georgia  
(Report No. MLR-10-035, 5/20/2010)
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Material Loss Review of American United Bank, Lawrenceville, Georgia  
(Report No. MLR-10-034, 5/6/2010)
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Material Loss Review of Hillcrest Bank Florida, Naples, Florida  
(Report No. MLR-10-033, 5/6/2010)
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Material Loss Review of First DuPage Bank, Westmont, Illinois  
(Report No. MLR-10-032, 5/3/2010)
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Material Loss Review of Colonial Bank, Montgomery, Alabama  
(Report No. MLR-10-031, 4/23/2010)
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Material Loss Review of Georgian Bank, Atlanta, Georgia  
(Report No. MLR-10-030, 4/9/2010)
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Material Loss Review of Venture Bank, Lacey, Washington  
(Report No. MLR-10-029, 4/9/2010)
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Material Loss Review of InBank, Oak Forest, Ilinois  
(Report No. MLR-10-028, 3/25/2010)
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Material Loss Review of First State Bank, Flagstaff, Arizona  
(Report No. MLR-10-027, 3/25/2010)
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Material Loss Review of Mainstreet Bank, Forest Lake, Minnesota  
(Report No. MLR-10-026, 3/25/2010)
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Material Loss Review of Affinity Bank, Ventura, California  
(Report No. MLR-10-025, 3/25/2010)
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Material Loss Review of First State Bank, Sarasota, Florida  
(Report No. MLR-10-024, 3/10/2010)
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Material Loss Review of First Coweta Bank, Newnan, Georgia  
(Report No. MLR-10-023, 3/10/2010)
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Material Loss Review of Integrity Bank, Jupiter, Florida  
(Report No. MLR-10-022, 2/26/2010)
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Material Loss Review of Mutual Bank, Harvey, Illinois  
(Report No. MLR-10-021, 2/26/2010)
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Material Loss Review of the Six Bank Subsidiaries of Security Bank Corporation, Macon, Georgia  
(Report No. MLR-10-020, 2/12/2010)
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Material Loss Review of Founders Bank, Worth, Illinois and Rock River Bank, Oregon, Illinois 
(Report No. MLR-10-019, 2/12/2010)
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Material Loss Review of Temecula Valley Bank, Temecula, California  
(Report No. MLR-10-018, 2/12/2010)
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Material Loss Review of First Piedmont Bank, Winder, Georgia  
(Report No. MLR-10-017, 2/12/2010)
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Material Loss Review of Millennium State Bank of Texas, Dallas, Texas  
(Report No. MLR-10-016, 1/22/2010)
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Material Loss Review of Mirae Bank, Los Angeles, California  
(Report No. MLR-10-015, 1/21/2010)
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Material Loss Review of the Bank of Wyoming, Thermopolis, Wyoming  
(Report No. MLR-10-014, 1/21/2010)
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Material Loss Review of Cooperative Bank, Wilmington, North Carolina  
(Report No. MLR-10-013, 1/6/2010)
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Material Loss Review of Southern Community Bank, Fayetteville, Georgia  
(Report No. MLR-10-012, 1/6/2010)
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Material Loss Review of MetroPacific Bank, Irvine, California  
(Report No. MLR-10-011, 1/6/2010)
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Material Loss Review of Bank of Lincolnwood, Lincolnwood, Illinois  
(Report No. MLR-10-010, 12/16/2009)
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Material Loss Review of America West Bank, Layton, Utah  
(Report No. MLR-10-009, 12/4/2009)
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Material Loss Review of Great Basin Bank of Nevada, Elko, Nevada  
(Report No. MLR-10-008, 12/4/2009)
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Material Loss Review of Strategic Capital Bank, Champaign, Illinois  
(Report No. MLR-10-007, 12/4/2009)
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Material Loss Review of American Southern Bank, Kennesaw, Georgia  
(Report No. MLR-10-006, 12/2/2009)
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Material Loss Review of Westsound Bank, Bremerton, Washington  
(Report No. MLR-10-005, 12/2/2009)
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Material Loss Review of First Bank of Beverly Hills, Calabasas, California  
(Report No. MLR-10-004, 11/5/2009)
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Material Loss Review of New Frontier Bank, Greeley, Colorado  
(Report No. MLR-10-003, 10/23/2009)
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Material Loss Review of Cape Fear Bank, Wilmington, North Carolina  
(Report No. MLR-10-002, 10/23/2009)
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Material Loss Review of FirstCity Bank, Stockbridge, Georgia  
(Report No. MLR-10-001, 10/5/2009)
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2009 Reviews        
Material Loss Review of Security Savings Bank, Henderson, Nevada  
(Report No. 09-029, 9/18/2009)
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Material Loss Review of Freedom Bank of Georgia, Commerce, Georgia  
(Report No. 09-028, 9/18/2009)
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Material Loss Review of Heritage Community Bank, Glenwood, Illinois  
(Report No. 09-027, 9/18/2009)
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Material Loss Review of Sherman County Bank, Loup City, Nebraska  
(Report No. 09-026, 9/4/2009)
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Material Loss Review of Corn Belt Bank and Trust Company, Pittsfield, Illinois 
(Report No. 09-025, 9/4/2009)
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Material Loss Review of FirstBank Financial Services, McDonough, Georgia  
(Report No. 09-024, 9/3/2009)
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Material Loss Review of Silver Falls Bank, Silverton, Oregon  
(Report No. 09-023, 9/1/2009)
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Material Loss Review of Alliance Bank, Culver City, California  
(Report No. 09-022, 9/1/2009)
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Material Loss Review of MagnetBank, Salt Lake City, Utah 
(Report No. 09-021, 8/24/2009)
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Material Loss Review of 1st Centennial Bank, Redlands, California 
(Report No. 09-019, 8/11/2009)
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Material Loss Review of Haven Trust Bank, Duluth, Georgia 
(Report No. 09-017, 8/5/2009)
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Material Loss Review of the Bank of Clark County, Vancouver, Washington  
(Report No. 09-018, 8/4/2009)
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Material Loss Review of The Community Bank, Loganville, Georgia  
(Report No. 09-016, 8/3/2009)
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Material Loss Review of Franklin Bank, S.S.B., Houston, Texas  
(Report No. 09-014, 7/2/2009)
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Material Loss Review of Security Pacific Bank, Los Angeles, California  
(Report No. 09-012, 5/18/2009)
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Material Loss Review of Freedom Bank, Bradenton, Florida  
(Report No. 09-011, 5/8/2009)
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Material Loss Review of Alpha Bank and Trust, Alpharetta, Georgia  
(Report No. 09-010, 5/1/2009)
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Material Loss Review of Main Street Bank, Northville Michigan  
(Report No. Eval-09-005, 4/15/2009)
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Material Loss Review of Silver State Bank, Henderson, Nevada  
(Report No. 09-008, 3/30/2009)
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Material Loss Review of Integrity Bank, Alpharetta, Georgia  
(Report No. 09-006, 3/17/2009)
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Material Loss Review of The Columbian Bank and Trust Company, Topeka, Kansas  
(Report No. 09-005, 3/11/2009)
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Material Loss Review of First Priority Bank, Bradenton, Florida  
(Report No. 09-003, 2/18/2009)
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In accordance with Section 38(k) of the Federal Deposit Insurance Act (FDI Act), when the Deposit Insurance Fund incurs a material loss with respect to an insured depository institution, the inspector general of the appropriate Federal banking agency shall make a written report to that agency reviewing the agency's supervision of the institution (including the agency's implementation of prompt corrective action provisions of section 38), which shall ascertain why the institution's problems resulted in a material loss to the Deposit Insurance Fund; and make recommendations for preventing any such loss in the future. Under the FDI Act, a loss was material if it exceeded the greater of $25 million or 2 percent of an institution's total assets at the time the FDIC was appointed receiver.

On July 21, 2010, the President signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (Financial Reform Act). The Financial Reform Act amends section 38(k) of the FDI Act by increasing the MLR threshold from $25 million to $200 million for losses that occur for the period January 1, 2010 through December 31, 2011, to $150 million from January 1, 2012 through December 31, 2013, and to $50 million for losses on or after January 1, 2014. Further, the Financial Reform Act calls for the OIG to perform in-depth reviews of failures when the associated losses are not material but they involve unusual circumstances.

All of our MLRs and our in-depth reviews (IDR) will be made publicly available on this Website.
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Last updated 8/17/15