RE: [RT] Bank Loan Performance Lab

["Jim Ross" <jrosscpa@xxxxxxx>]

I’d recommend BB&T, a regional.  When they were a client (I was with KPMG in the ‘70s) they were a farming bank out of Wilson NC.  They knew farms and rural areas.  That’s they’re only limitation in your site and all their other loan categories are excellent.  And concerning farms, food might be pretty important to the world.  Jim Rogers on CNBC (George Soros’ partner) said he was buying Brazilian farmland a couple weeks ago.  Presumably, food will become more scarce in the future….and hence more valuable.  I feel like BB&T would know their farmland lending pretty well.  In addition, they have the CDARS program.  You can buy CDs over the $250K limit at their bank and the CDARS program will spread it among several CDARS member banks to get you full FDIC coverage.  You can pick out the banks you want the money to go to.  Very convenient as opposed to dealing with a half dozen banks and keeping track of a half dozen levels of paperwork and maturities….all on one statement and one window to shop. 

 

From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Don Ewers
Sent: Friday, March 20, 2009 9:39 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] Bank Loan Performance Lab

 

http://wlmlab.com/main.asp 

 

Cool site!

 

Check out your local bank (Find Bank) to see how they are doing?

 

Note the deliquency rate rating by loan type on a banks main page and under the Delinquency to Allowance tab whether they are out in front with reserves or way behind (more rightdowns coming.

 

A wealth of information here.

 

If you see a particularly good conservative one in your area, please post it here.

 

One I am watching (and own in the past two weeks) is TCF Financial (TCB) http://wlmlab.com/bkHm.asp?inst=HC2389941

Don Ewers

 

 

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