Editor's Note: The Philippine Deposit Insurance Corporation (PDIC) advised consumers to wisely choose the banks where they will deposit their money. The trouble is, most depositors don't and can't read financial statements before they open a bank account. The regulators, whose job is to safeguard the public's money, have not done a good job recently. In the past ten years, two commercial banks, twenty-one thrift banks, and a staggering 187 rural banks have collapsed, often quite suddenly and without warning: http://www.gmanetwork.com/news/video/93600/saksi-pagsasara-ng-banco-filipino-at-lbc-devt-bank-ikinadismaya. Regulators do have a problem bank list that they do not divulge to the public, for fear of sparking another bank run. So who can the public turn to, to advise them where to put their money? No one, except the banks themselves who will always promote their self-interests. This analysis is an attempt to fill in that knowledge gap, by screening out the weaker banks that seem ready to implode at any given moment.
Editor's Note: The ratio of Distressed Assets to Total Capital Cushion is a variant of the famous Texas Ratio, which was widely used by US financial regulators to predict bank failure during the US Savings and Loan Crisis in the 1980s and early 1990s. The basic premise is that a bank with Distressed Assets greater than its Capital Cushion is in danger of insolvency, because a significant drop in the value of the Distressed Assets will eat into a significant amount of the bank's capital. A bank that has a Distressed Ratio greater than 100% is flagged as borderline insolvent (highlighted in yellow). For a more detailed discussion of this ratio, please visit a previous blog post: The Texas Ratio of Select Philippine Banks
Distressed Banks:
With the exception of Philippine Postal Savings Bank and Dungganon Bank, all the banks that were flagged as borderline insolvent as of September 30, 2011 remain borderline insolvent as of December 31, 2011. As a group, their distressed assets climbed by PHP 5.935 billion during the fourth quarter of 2011, an increase of 8.61% over the previous quarter. But their capital cushions declined by PHP 10.288 billion or 21.88% during the same period, leaving the distressed banks with less capital to support even more distressed assets. As a result, their distressed ratios increased by a substantial 39.03% during the fourth quarter of 2011.
The list of distressed thrift banks are as follows:
- Real Bank (A Thrift Bank) Inc. (Distressed Ratio of 907.88%)
- City Savings Bank (Distressed Ratio of 776.02%)
- Village SLA, Inc. (Distressed Ratio of 720.61%)
- Legazpi Savings Bank Inc. (Distressed Ratio of 482.76%)
- Iloilo City Development Bank (Distressed Ratio of 475.13%)
- GSIS Family Bank (452.17%)
- Planters Development Bank (Distressed Ratio of 248.91%)
- Bataan Development Bank (Distressed Ratio of 236.64%)
- RCBC Savings Bank (Distressed Ratio of 206.28%)
- Business & Consumers Bank (Distressed Ratio of 204.37%)
- China Bank Savings (Distressed Ratio of 192.68%)
- Farmers Savings & Loan Bank (Distressed Ratio of 190.61%)
- Equicom SB (Distressed Ratio of 171.10%)
- University Savings Bank (Distressed Ratio of 161.00%)
- Opportunity Microfinance Bank (Distressed Ratio of 155.56%)
- Hiyas Savings & Loan Bank (Distressed Ratio of 153.26%)
- Premiere Development Bank (Distressed Ratio of 129.41%)
- Malayan Savings & Mortgage Bank (Distressed Ratio of 125.56%)
- Dumaguete City Development Bank (Distressed Ratio of 122.90%)
- Luzon Development Bank (Distressed Ratio of 121.92%)
- Citibank Savings Inc. (Distressed Ratio of 113.30%)
- Philippine Savings Bank (Distressed Ratio of 105.18%)
It should be noted that two banks dropped out of the borderline insolvent list (highlighted in yellow):
- Dungganon Bank, which had a distressed ratio of 113.58% as of September 30, 2011, decreased its distressed assets by 91.15% from PHP 69.385 billion as of September 30, 2011 to only PHP 6.144 billion as of December 31, 2011. This resulted in a 91.03 improvement in its overall distressed ratio from 113.58% as of September 30, 2011 to only 10.19% as of December 31, 2011.
- Philippine Postal Savings Bank. Although this bank increased its distressed assets during the fourth quarter of 2011 by 10.20%, its total capital cushion increased even faster, by 44.25% during the same period. As a result, its distressed ratio dropped from 100.24% as of September 30, 2011 to 76.58% as of December 31, 2011.
Real Bank (A Thrift Bank) Inc. remains the top distressed bank, with a distressed ratio of 907.88% as of December 31, 2011, a 9.15% increase over its distressed ratio of 831.79% as of September 30, 2011. Although its distressed assets dropped by PHP 329.74 million or 3.36% during the quarter, its capital cushion dropped even faster, by PHP 135.22 million or 11.45% during the same period. As a result, the bank now has to support a still significant amount of distressed assets with a lower capital cushion.
The second most distressed bank is now City Savings Bank, with a distressed ratio of 776.02% as of December 31, 2011. This represents a 23.67% increase over its distressed ratio of 627.48% as of September 30, 2011. Much of the deterioration can be placed on the PHP 2.178 billion increase in its distressed assets during the fourth quarter of 2011, while its capital cushion remained essentially unchanged.
The latest entrant into the list of borderline insolvent banks is Philippine Savings Bank. Its distressed ratio climbed 32.83% during the fourth quarter of 2011, from 79.19% as of September 30, 2011 to 105.18% as of December 31, 2011.
Overall Condition
Based on the individual Published Statements of Condition for the Philippine Thrift Banking Industry (from www.bsp.gov.ph), Total Distressed Assets of Philippine Thrift Banks decreased by PHP 6.405 billion or 7.02% from September 30, 2011 to December 31, 2011. Total Capital Cushion of Philippine Thrift Banks decreased by PHP 9.834 billion or 11.59% during the same period. As a result, the Thrift Bank's Ratio of Total Distressed Assets to Total Capital Cushion increased by 22.56%, from 107.52% as of September 30, 2011 to 131.78% as of December 31, 2011.
Skewing this analysis is the addition of Legazpi Savings Bank, which was flagged as a borderline insolvent bank with a distressed ratio of 1730.43% as of March 31, 2011, came back on to this list with a much improved distressed ratio of 482.76% as of December 31, 2011 after having been off the list for two full quarters: June 2011 and September 2011. One other bank, Bank One Savings and Trust Corp., which had a distressed ratio of 11.15% as of September 30, 2011, does not have a Published Statement of Condition for December 2011 on the BSP website.
The banks that posted as significant improvement in their distressed ratios include:
- Dungganon Bank (91.03% decrease)
- Merchant Savings & Loan Association Inc. (68.69% decrease)
- Pacific Ace Savings Bank (57.40% decrease)
- Philippine Postal Savings Bank (23.60% decrease)
- Cordillera Savings Bank (20.26% decrease)
- RCBC Savings Bank (149.45% increase)
- HSBC Savings Bank (Phils) Inc. (110.22% increase)
- Sterling Bank of Asia Inc. (101.82% increase)
- GSIS Family Bank (48.84% increase)
- BPI Globe Banko Inc. Savings Bank (43.59% increase)
- Philippine Savings Bank (32.83% increase)
- Iloilo City Development Bank ( 26.99% increase)
- Optimum Development Bank (26.94% increase)
- City Savings Bank (23.67% increase)
- Maritime SLA (23.07% increase)
- Card SME Bank Inc. (A Thrift Bank) (21.72% increase)
- Microfinance Maximum SB (Maxbank) (20.64% increase)
Disclaimer:
This list only serves as a screening guide. It is not a definitive guide and must be taken in the context of other factors. The figures are based on the individual banks' statement of condition as of September 31, 2011 and December 31, 2011 as published in the BSP website (www.bsp.gov.ph). For this analysis, no attempt was made to go through the audited financial statements of each bank. Readers are suggested to make their own investigations and verify the figures presented. Both BSP and PDIC have their own problem bank screening systems that are much more sophisticated in scope and design, given that they have more access to information over the banks they regulate.
This list only serves as a screening guide. It is not a definitive guide and must be taken in the context of other factors. The figures are based on the individual banks' statement of condition as of September 31, 2011 and December 31, 2011 as published in the BSP website (www.bsp.gov.ph). For this analysis, no attempt was made to go through the audited financial statements of each bank. Readers are suggested to make their own investigations and verify the figures presented. Both BSP and PDIC have their own problem bank screening systems that are much more sophisticated in scope and design, given that they have more access to information over the banks they regulate.
Philippine Thrift Banking System |
||||
| Total Distressed Assets/ Total Capital Cushion | ||||
| September 30, 2011 to December 31, 2011 | ||||
| Bank | September 30, 2011 | December 31, 2011 | Variance | % Variance |
| RCBC Savings Bank | 82.69% | 206.28% | 123.59% | 149.45% |
| HSBC Savings Bank (Phils) Inc. | 8.14% | 17.10% | 8.97% | 110.22% |
| Sterling Bank of Asia Inc. | 38.45% | 77.60% | 39.15% | 101.81% |
| GSIS Family Bank | 303.79% | 452.17% | 148.38% | 48.84% |
| BPI Globe Banko Inc. Savings Bank | 6.12% | 8.78% | 2.67% | 43.59% |
| Philippine Savings Bank | 79.19% | 105.18% | 26.00% | 32.83% |
| Iloilo City Development Bank | 374.14% | 475.13% | 100.99% | 26.99% |
| Optimum Development Bank | 21.74% | 27.60% | 5.86% | 26.94% |
| City Savings Bank | 627.48% | 776.02% | 148.54% | 23.67% |
| Maritime SLA | 25.98% | 31.98% | 6.00% | 23.07% |
| Card SME Bank Inc. (A Thrift Bank) | 26.18% | 31.86% | 5.69% | 21.72% |
| Microfinance Maximum SB (Maxbank) | 53.49% | 64.53% | 11.04% | 20.64% |
| University Savings Bank | 141.54% | 161.00% | 19.46% | 13.75% |
| Allied Savings Bank | 26.74% | 29.74% | 3.00% | 11.23% |
| Malayan Bank Savings & Mortgage Bank | 113.31% | 125.56% | 12.24% | 10.81% |
| Equicom SB | 155.26% | 171.10% | 15.84% | 10.20% |
| Real Bank (A Thrift Bank) Inc. | 831.79% | 907.88% | 76.09% | 9.15% |
| Liberty Savings Bank | 67.30% | 73.40% | 6.10% | 9.06% |
| Philippine Business Bank | 75.12% | 80.93% | 5.80% | 7.72% |
| BPI Direct Savings Bank | 20.32% | 21.65% | 1.33% | 6.54% |
| Malasiqui Progressive SLB, Inc. | 38.66% | 41.12% | 2.46% | 6.37% |
| Wealth Bank - A Development Bank | 77.67% | 82.40% | 4.73% | 6.09% |
| China Bank Savings | 183.37% | 192.68% | 9.31% | 5.07% |
| Opportunity Microfinance Bank | 148.07% | 155.56% | 7.49% | 5.06% |
| Bataan Development Bank | 228.74% | 236.64% | 7.90% | 3.45% |
| Business & Consumers Bank | 198.26% | 204.37% | 6.10% | 3.08% |
| Progress SLA | 13.84% | 14.23% | 0.40% | 2.86% |
| Citibank Savings Inc. | 110.59% | 113.30% | 2.70% | 2.44% |
| Producers Savings Bank | 97.15% | 99.46% | 2.31% | 2.38% |
| UCPB Savings Bank | 45.86% | 46.79% | 0.93% | 2.03% |
| BPI Family Savings Bank | 88.84% | 90.32% | 1.47% | 1.66% |
| Luzon Development Bank | 120.58% | 121.92% | 1.34% | 1.11% |
| Metro Cebu Public Savings Bank | 81.30% | 81.78% | 0.48% | 0.59% |
| United Overseas Bank Philippines | 66.55% | 66.55% | 0.00% | -0.01% |
| BDO Elite Savings Bank | 6.36% | 6.35% | -0.01% | -0.12% |
| Dumaguete City Development Bank | 123.13% | 122.90% | -0.23% | -0.19% |
| Northpoint Development Bank | 63.20% | 62.93% | -0.27% | -0.43% |
| Sun Savings Bank | 8.43% | 8.38% | -0.05% | -0.57% |
| Bataan SLA | 11.99% | 11.92% | -0.07% | -0.60% |
| World Partners Bank (A Thrift Bank) | 63.71% | 63.32% | -0.39% | -0.62% |
| Pampanga Development Bank | 69.11% | 68.24% | -0.87% | -1.26% |
| Lemery Savings & Loan Bank, Inc. | 47.95% | 47.11% | -0.84% | -1.76% |
| Farmers Savings & Loan Bank | 194.86% | 190.61% | -4.24% | -2.18% |
| Penbank, Inc. | 82.07% | 79.98% | -2.10% | -2.55% |
| Century Savings Bank | 4.96% | 4.80% | -0.16% | -3.27% |
| First Consolidated Bank | 61.53% | 59.25% | -2.28% | -3.70% |
| Life Savings Bank | 57.22% | 54.99% | -2.23% | -3.90% |
| Pridestar Development Bank | 61.90% | 59.03% | -2.86% | -4.63% |
| Planters Development Bank | 263.65% | 248.91% | -14.73% | -5.59% |
| Tong Yang Savings Bank Inc. | 69.86% | 65.94% | -3.91% | -5.60% |
| Premiere Development Bank | 140.78% | 129.41% | -11.37% | -8.08% |
| CityState Savings Bank | 24.88% | 22.75% | -2.13% | -8.56% |
| Tower Development Bank | 68.02% | 62.04% | -5.97% | -8.78% |
| Isla Bank (A Thrift Bank) Inc. | 9.09% | 8.23% | -0.86% | -9.43% |
| Hiyas Savings & Loan Bank | 170.08% | 153.26% | -16.82% | -9.89% |
| Quezon Coconut Producers SLB Inc. | 52.32% | 46.57% | -5.75% | -10.99% |
| Village SLA, Inc. | 816.81% | 720.61% | -96.20% | -11.78% |
| Sampaguita SLA | 60.17% | 52.63% | -7.54% | -12.53% |
| The Queen City Development Bank | 26.69% | 21.58% | -5.11% | -19.14% |
| Cordillera Savings Bank | 74.20% | 59.17% | -15.03% | -20.26% |
| Philippine Postal Savings Bank | 100.24% | 76.58% | -23.66% | -23.60% |
| Pacific Ace Savings Bank | 47.39% | 20.19% | -27.20% | -57.40% |
| Merchants Savings & Loan Association Inc. | 5.39% | 1.69% | -3.70% | -68.69% |
| Dungganon Bank | 113.58% | 10.19% | -103.39% | -91.03% |
| Bank One Savings and Trust Corp. | 11.15% | NA | NA | NA |
| Legazpi Savings Bank Inc. | NA | 482.76% | NA | NA |
| Total | 107.52% | 131.78% | 24.26% | 22.56% |
Source: www.bsp.gov.ph
| Philippine Thrift Banking System | |||||||||||
| Total Distressed Assets/ Total Capital Cushion | |||||||||||
| September 30, 2011 to December 31, 2011 | |||||||||||
| September 30, 2011 | December 31, 2011 | Variance | |||||||||
| Bank | Total Distressed Assets (In PHP) | Total Capital Cushion (In PHP) | Distressed Assets/ Total Capital Cushion (In %) | Total Distressed Assets (In PHP) | Total Capital Cushion (In PHP) | Distressed Assets/ Total Capital Cushion (In %) | Total Distressed Assets (In PHP) | Total Capital Cushion (In PHP) | Distressed Assets/ Total Capital Cushion (In %) | ||
| Real Bank (A Thrift Bank) Inc. | 9,815,707,855.40 | 1,180,065,378.25 | 831.79% | 9,485,964,146.12 | 1,044,846,977.77 | 907.88% | -329,743,709.28 | -135,218,400.48 | 76.09% | ||
| City Savings Bank | 8,599,076,335.14 | 1,370,415,959.10 | 627.48% | 10,776,774,942.32 | 1,388,719,074.33 | 776.02% | 2,177,698,607.18 | 18,303,115.23 | 148.54% | ||
| Village SLA, Inc. | 601,741,239.53 | 73,669,852.96 | 816.81% | 600,181,101.60 | 83,288,037.75 | 720.61% | -1,560,137.93 | 9,618,184.79 | -96.20% | ||
| Legazpi Savings Bank Inc. | 823,599,656.19 | 170,602,061.13 | 482.76% | NA | NA | 482.76% | |||||
| Iloilo City Development Bank | 224,338,167.35 | 59,960,999.84 | 374.14% | 287,326,192.05 | 60,472,657.10 | 475.13% | 62,988,024.70 | 511,657.26 | 100.99% | ||
| GSIS Family Bank | 2,221,866,746.48 | 731,383,796.34 | 303.79% | 2,204,761,117.36 | 487,593,604.82 | 452.17% | -17,105,629.12 | -243,790,191.52 | 148.38% | ||
| Planters Development Bank | 11,502,781,363.87 | 4,362,965,164.27 | 263.65% | 10,936,549,252.26 | 4,393,722,453.79 | 248.91% | -566,232,111.61 | 30,757,289.52 | -14.73% | ||
| Bataan Development Bank | 169,483,048.83 | 74,095,120.90 | 228.74% | 175,335,975.57 | 74,095,120.90 | 236.64% | 5,852,926.74 | 0.00 | 7.90% | ||
| RCBC Savings Bank | 13,649,319,087.69 | 16,506,035,344.75 | 82.69% | 13,658,977,955.49 | 6,621,590,303.77 | 206.28% | 9,658,867.80 | -9,884,445,040.98 | 123.59% | ||
| Business & Consumers Bank | 156,209,774.29 | 78,789,222.43 | 198.26% | 160,491,202.74 | 78,531,520.78 | 204.37% | 4,281,428.45 | -257,701.65 | 6.10% | ||
| China Bank Savings | 1,476,280,965.40 | 805,079,490.31 | 183.37% | 1,584,223,044.88 | 822,218,155.26 | 192.68% | 107,942,079.48 | 17,138,664.95 | 9.31% | ||
| Farmers Savings & Loan Bank | 221,905,998.76 | 113,881,278.78 | 194.86% | 222,707,597.45 | 116,837,900.36 | 190.61% | 801,598.69 | 2,956,621.58 | -4.24% | ||
| Equicom SB | 733,749,617.88 | 472,579,357.48 | 155.26% | 808,587,759.96 | 472,581,826.89 | 171.10% | 74,838,142.08 | 2,469.41 | 15.84% | ||
| University Savings Bank | 344,751,804.41 | 243,566,277.64 | 141.54% | 336,071,927.21 | 208,738,927.20 | 161.00% | -8,679,877.20 | -34,827,350.44 | 19.46% | ||
| Opportunity Microfinance Bank | 214,117,338.42 | 144,604,516.48 | 148.07% | 213,959,344.39 | 137,541,004.61 | 155.56% | -157,994.03 | -7,063,511.87 | 7.49% | ||
| Hiyas Savings & Loan Bank | 273,577,662.40 | 160,852,305.60 | 170.08% | 252,118,703.13 | 164,502,210.42 | 153.26% | -21,458,959.27 | 3,649,904.82 | -16.82% | ||
| Premiere Development Bank | 1,278,226,045.20 | 907,972,696.40 | 140.78% | 1,238,115,801.58 | 956,754,306.80 | 129.41% | -40,110,243.62 | 48,781,610.40 | -11.37% | ||
| Malayan Bank Savings & Mortgage Bank | 1,157,991,872.68 | 1,021,928,166.22 | 113.31% | 1,350,230,409.26 | 1,075,379,215.58 | 125.56% | 192,238,536.58 | 53,451,049.36 | 12.24% | ||
| Dumaguete City Development Bank | 250,928,540.82 | 203,794,855.65 | 123.13% | 250,453,271.44 | 203,793,878.67 | 122.90% | -475,269.38 | -976.98 | -0.23% | ||
| Luzon Development Bank | 513,504,435.46 | 425,855,086.35 | 120.58% | 532,693,730.92 | 436,917,967.42 | 121.92% | 19,189,295.46 | 11,062,881.07 | 1.34% | ||
| Citibank Savings Inc. | 4,224,189,095.77 | 3,819,562,725.42 | 110.59% | 4,306,662,719.49 | 3,801,262,095.38 | 113.30% | 82,473,623.72 | -18,300,630.04 | 2.70% | ||
| Philippine Savings Bank | 11,292,238,073.30 | 14,259,962,585.27 | 79.19% | 14,651,257,542.20 | 13,929,160,698.54 | 105.18% | 3,359,019,468.90 | -330,801,886.73 | 26.00% | ||
| Producers Savings Bank | 522,257,124.97 | 537,583,617.14 | 97.15% | 524,647,770.68 | 527,512,390.32 | 99.46% | 2,390,645.71 | -10,071,226.82 | 2.31% | ||
| BPI Family Savings Bank | 12,378,223,253.81 | 13,932,797,475.79 | 88.84% | 12,610,665,029.99 | 13,962,882,381.92 | 90.32% | 232,441,776.18 | 30,084,906.13 | 1.47% | ||
| Wealth Bank - A Development Bank | 306,950,705.07 | 395,185,869.59 | 77.67% | 325,647,054.51 | 395,185,869.59 | 82.40% | 18,696,349.44 | 0.00 | 4.73% | ||
| Metro Cebu Public Savings Bank | 62,686,927.30 | 77,107,250.21 | 81.30% | 60,688,042.71 | 74,212,433.16 | 81.78% | -1,998,884.59 | -2,894,817.05 | 0.48% | ||
| Philippine Business Bank | 2,097,844,212.18 | 2,792,487,751.08 | 75.12% | 2,245,124,379.02 | 2,774,250,378.64 | 80.93% | 147,280,166.84 | -18,237,372.44 | 5.80% | ||
| Penbank, Inc. | 207,038,699.14 | 252,261,586.75 | 82.07% | 203,776,641.17 | 254,791,038.35 | 79.98% | -3,262,057.97 | 2,529,451.60 | -2.10% | ||
| Sterling Bank of Asia Inc. | 643,256,037.92 | 1,672,899,830.40 | 38.45% | 1,322,961,691.54 | 1,704,899,830.40 | 77.60% | 679,705,653.62 | 32,000,000.00 | 39.15% | ||
| Philippine Postal Savings Bank | 563,808,596.60 | 562,471,770.50 | 100.24% | 621,326,704.16 | 811,348,052.94 | 76.58% | 57,518,107.56 | 248,876,282.44 | -23.66% | ||
| Liberty Savings Bank | 40,197,757.94 | 59,726,549.24 | 67.30% | 43,839,885.29 | 59,726,549.24 | 73.40% | 3,642,127.35 | 0.00 | 6.10% | ||
| Pampanga Development Bank | 82,745,148.50 | 119,733,609.41 | 69.11% | 82,116,804.28 | 120,343,323.41 | 68.24% | -628,344.22 | 609,714.00 | -0.87% | ||
| United Overseas Bank Philippines | 977,564,146.48 | 1,468,823,153.15 | 66.55% | 988,810,901.35 | 1,485,808,841.71 | 66.55% | 11,246,754.87 | 16,985,688.56 | 0.00% | ||
| Tong Yang Savings Bank Inc. | 309,825,588.53 | 443,516,762.38 | 69.86% | 292,428,936.38 | 443,455,225.55 | 65.94% | -17,396,652.15 | -61,536.83 | -3.91% | ||
| Microfinance Maximum SB (Maxbank) | 32,874,782.73 | 61,459,294.52 | 53.49% | 39,506,859.85 | 61,222,373.26 | 64.53% | 6,632,077.12 | -236,921.26 | 11.04% | ||
| World Partners Bank (A Thrift Bank) | 111,187,683.11 | 174,525,346.61 | 63.71% | 110,271,753.07 | 174,159,550.30 | 63.32% | -915,930.04 | -365,796.31 | -0.39% | ||
| Northpoint Development Bank | 37,258,024.36 | 58,953,177.23 | 63.20% | 37,247,922.10 | 59,193,177.23 | 62.93% | -10,102.26 | 240,000.00 | -0.27% | ||
| Tower Development Bank | 73,536,299.11 | 108,116,222.11 | 68.02% | 69,910,740.60 | 112,678,828.58 | 62.04% | -3,625,558.51 | 4,562,606.47 | -5.97% | ||
| First Consolidated Bank | 1,018,486,258.50 | 1,655,325,508.95 | 61.53% | 991,754,217.92 | 1,673,870,535.21 | 59.25% | -26,732,040.58 | 18,545,026.26 | -2.28% | ||
| Cordillera Savings Bank | 81,783,332.81 | 110,218,785.22 | 74.20% | 73,228,594.72 | 123,766,715.93 | 59.17% | -8,554,738.09 | 13,547,930.71 | -15.03% | ||
| Pridestar Development Bank | 41,570,332.37 | 67,161,530.03 | 61.90% | 42,604,026.52 | 72,170,956.24 | 59.03% | 1,033,694.15 | 5,009,426.21 | -2.86% | ||
| Life Savings Bank | 36,418,817.67 | 63,645,807.09 | 57.22% | 34,997,589.10 | 63,645,807.09 | 54.99% | -1,421,228.57 | 0.00 | -2.23% | ||
| Sampaguita SLA | 42,123,926.54 | 70,009,403.80 | 60.17% | 36,391,748.93 | 69,148,222.58 | 52.63% | -5,732,177.61 | -861,181.22 | -7.54% | ||
| Lemery Savings & Loan Bank, Inc. | 33,714,739.41 | 70,309,776.55 | 47.95% | 34,803,555.75 | 73,882,141.35 | 47.11% | 1,088,816.34 | 3,572,364.80 | -0.84% | ||
| UCPB Savings Bank | 881,269,081.55 | 1,921,496,969.38 | 45.86% | 1,032,980,696.92 | 2,207,463,095.83 | 46.79% | 151,711,615.37 | 285,966,126.45 | 0.93% | ||
| Quezon Coconut Producers SLB Inc. | 29,962,324.82 | 57,268,623.22 | 52.32% | 26,669,937.24 | 57,268,623.22 | 46.57% | -3,292,387.58 | 0.00 | -5.75% | ||
| Malasiqui Progressive SLB, Inc. | 22,007,687.77 | 56,932,513.79 | 38.66% | 22,545,447.81 | 54,828,649.13 | 41.12% | 537,760.04 | -2,103,864.66 | 2.46% | ||
| Maritime SLA | 17,360,743.96 | 66,815,479.41 | 25.98% | 22,008,969.77 | 68,824,229.22 | 31.98% | 4,648,225.81 | 2,008,749.81 | 6.00% | ||
| Card SME Bank Inc. (A Thrift Bank) | 36,770,500.72 | 140,465,025.73 | 26.18% | 44,750,007.39 | 140,444,945.62 | 31.86% | 7,979,506.67 | -20,080.11 | 5.69% | ||
| Allied Savings Bank | 316,747,860.88 | 1,184,767,643.93 | 26.74% | 301,699,489.80 | 1,014,585,418.07 | 29.74% | -15,048,371.08 | -170,182,225.86 | 3.00% | ||
| Optimum Development Bank | 148,296,513.78 | 682,009,930.44 | 21.74% | 177,091,389.88 | 641,570,262.55 | 27.60% | 28,794,876.10 | -40,439,667.89 | 5.86% | ||
| CityState Savings Bank | 199,108,898.88 | 800,395,475.92 | 24.88% | 183,238,709.70 | 805,583,903.62 | 22.75% | -15,870,189.18 | 5,188,427.70 | -2.13% | ||
| BPI Direct Savings Bank | 140,829,206.77 | 693,062,216.48 | 20.32% | 154,986,189.75 | 715,894,536.42 | 21.65% | 14,156,982.98 | 22,832,319.94 | 1.33% | ||
| The Queen City Development Bank | 185,379,397.07 | 694,530,564.40 | 26.69% | 150,795,153.67 | 698,722,234.47 | 21.58% | -34,584,243.40 | 4,191,670.07 | -5.11% | ||
| Pacific Ace Savings Bank | 34,704,490.34 | 73,235,077.53 | 47.39% | 14,654,703.21 | 72,593,155.07 | 20.19% | -20,049,787.13 | -641,922.46 | -27.20% | ||
| HSBC Savings Bank (Phils) Inc. | 176,610,261.60 | 2,170,935,493.58 | 8.14% | 313,101,336.61 | 1,830,846,012.02 | 17.10% | 136,491,075.01 | -340,089,481.56 | 8.97% | ||
| Progress SLA | 11,911,079.61 | 86,089,464.86 | 13.84% | 12,101,531.88 | 85,031,839.07 | 14.23% | 190,452.27 | -1,057,625.79 | 0.40% | ||
| Bataan SLA | 9,042,516.43 | 75,426,127.41 | 11.99% | 9,520,893.58 | 79,897,380.54 | 11.92% | 478,377.15 | 4,471,253.13 | -0.07% | ||
| Dungganon Bank | 69,384,601.16 | 61,090,966.56 | 113.58% | 6,144,035.78 | 60,321,880.63 | 10.19% | -63,240,565.38 | -769,085.93 | -103.39% | ||
| BPI Globe Banko Inc. Savings Bank | 33,103,613.07 | 541,259,000.66 | 6.12% | 48,463,565.60 | 551,847,301.15 | 8.78% | 15,359,952.53 | 10,588,300.49 | 2.67% | ||
| Sun Savings Bank | 6,179,128.08 | 73,323,229.12 | 8.43% | 6,141,691.01 | 73,296,710.78 | 8.38% | -37,437.07 | -26,518.34 | -0.05% | ||
| Isla Bank (A Thrift Bank) Inc. | 56,854,435.87 | 625,764,495.92 | 9.09% | 51,492,341.60 | 625,764,495.92 | 8.23% | -5,362,094.27 | 0.00 | -0.86% | ||
| BDO Elite Savings Bank | 93,463,448.97 | 1,470,452,260.33 | 6.36% | 93,351,974.68 | 1,470,452,260.33 | 6.35% | -111,474.29 | 0.00 | -0.01% | ||
| Century Savings Bank | 42,036,552.02 | 846,812,699.94 | 4.96% | 40,666,399.73 | 846,901,386.59 | 4.80% | -1,370,152.29 | 88,686.65 | -0.16% | ||
| Merchants Savings & Loan Association Inc. | 11,914,419.02 | 220,950,520.20 | 5.39% | 12,176,854.20 | 721,264,073.21 | 1.69% | 262,435.18 | 500,313,553.01 | -3.70% | ||
| Bank One Savings and Trust Corp. | 56,930,389.96 | 510,627,433.93 | 11.15% | NA | NA | NA | NA | NA | NA | ||
| Grand Total | 91,203,204,616.46 | 84,825,051,470.93 | 107.52% | 98,374,375,563.06 | 74,650,707,015.73 | 131.78% | 6,404,501,680.37 | -9,834,319,082.40 | 24.26% | ||
hi. how did you compute the total capital cushion. what items in the balance sheet did you use?
ReplyDeletethanks in advance.
Stockholders Equity less Other Capital Account to remove hybrid capital such as preferred share plus loan loss reserves (general + specific).
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