Commercial real estate loans doom three banks in March: Trepp

Three banks failed in the US in March, marking the lowest monthly total since December 2008, according to a Trepp report. Commercial real estate loans comprised 55 percent of the $80 million of non-performing loans for the banks in Oklahoma, Wisconsin and Illinois that failed, while residential real estate loans were responsible for 36 percent of the non-performing loans. Trepp reported that with just 26 closures in the first quarter of 2011 the rate of failures is slowing, but a large number of banks remain on the organization’s watch list. (See chart below.) TRD

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Trepp bank report