Philippine Thrift Banks Deteriorate in the 4th Quarter of 2012

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..  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:

The list of distressed thrift banks are as follows:

1. The Real Bank (Distressed Ratio of 1110.52%)
2. Inter-Asia Development Bank (790.16%)
3. Village SLA (Distressed Ratio of 567.49%)
4. Comsavings Bank (formerly GSIS Family Bank) (Distressed Ratio of 546.12%)
5. Iloilo City Development Bank (Distressed Ratio of 469.47%)
6. The Palawan Bank Inc. (Distressed Ratio of 339.70%)
7. Planters Development Bank (Distressed Ratio of 289.24%)
8. University Savings Bank (Distressed Ratio of 289.20%)
9. Legazpi Savings Bank Inc. (Distressed Ratio of 255.52%)
10. China Bank Savings (Distressed Ratio of 240.64%)
11. Bataan Development Bank (Distressed Ratio of 222.61%)
12. RCBC Savings Bank (Distressed Ratio of 183.45%)
13. Farmers Savings & Loan Bank (Distressed Ratio of 162.20%)
14. Philippine Resources Savings Banking Corporation (Distressed Ratio of 153.40%)
15. Equicom SB (Distressed Ratio of 152.87%)
16. Business & Consumers Bank (Distressed Ratio of 139.77%)
17. Malayan Bank Savings & Mortgage Bank (Distressed Ratio of 139.40%)
18. Hiyas Savings and Loan Bank, Inc. (Distressed Ratio of 136.46%)
19. Luzon Development Bank (Distressed Ratio of 130.87%)
20. Silangan Savings and Loan Bank, Inc. (Distressed Ratio of 119.18%)
21. Security Bank Savings Corporation (Distressed Ratio of 111.03%)
22. Opportunity Kauswagan Bank, Inc. (Distressed Ratio of 106.07%)
23. Philippine Savings Bank (Distressed Ratio of 101.17%)

It should also be noted that four banks entered the borderline insolvent list:

1. Inter-Asia Development Bank, which had no Published Statement of Condition as of September 30, 2012, now has a distressed ratio of 790.16% as of December 31, 2012, the second highest distressed ratio among Philippine Thrift Banks.
2. The same holds true for The Palawan Bank.  It also had no Published Statement of Condition as of September 30, 2012.  It now holds a distressed ratio of 339.70% as of December 31, 2012.
3. Philippine Resources Savings Banking Corporation, which had a distressed ratio of 72.19% as of September 30, 2012, now has a distressed ratio of 153.40% as of December 31, 2012.
4. Philippine Savings Bank, which had a distressed ratio of 88.92% as of September 30, 2012, now has a distressed ratio of 101.17% as of December 31, 2012.

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 increased by Php 4.039 billion or 4.34% from September 30, 2012 to December 31, 2012.  The Total Capital Cushion of Philippine Thrift Banks decreased by Php 4.865 billion or 5.25% during the same period.  As a result, the Thrift Bank's Ratio of Total Distressed Assets to Total Capital Cushion increased from 100.56% as of September 30, 2012 to 110.74% as of December 31, 2012.

The banks that posted as significant improvement in their distressed ratios include:

1. Legazpi Savings Bank Inc. (67.67% decrease)
2. Tower Development Bank (38.58% decrease)
3. Dungganon Bank (31.62% decrease)
4. Tong Yang Savings Bank Inc. (28.96% decrease)
5. Metro Cebu Public Savings bank (21.7% decrease)

The banks that exhibited a significant deterioration in their distressed ratio include:

1. Merchant Savings & Loan Association (921.23% increase)
2. Life Savings Bank (465.37% increase)
3. Pacific Ace Savings Bank (123.55% increase)
4. Philippine Resources Savings Banking Corporation (112.48% increase)
5. University Savings Bank (96.07% increase)
6. Card SME Bank Inc. (71.10% increase)
7. Century Savings Bank (68.60% increase)
8. HSBC Savings Bank (61.51% increase)
9. First Consolidated Bank (34.45% increase)
10. World Partners Bank (30.03% increase)
11. China Bank Savings (29.68% increase)
12. Northpoint Development Bank (25.24% increase)
13. Wealth Bank (24.03% increase)
14. City Savings Bank (22.93% increase)

Philippine Thrift Banking System Total Distressed Assets/ Total Capital Cushion September 30, 2012 to December 31, 2012 Bank December 31, 2012 September 30, 2012 Variance % Variance Merchants Savings & Loan Association Inc. 60.18% 5.89% 54.28% 921.23% Pacific Ace Savings Bank 17.23% 7.71% 9.52% 123.55% Philippine Resources Savings Banking Corporation 153.40% 72.19% 81.20% 112.48% University Savings Bank 289.20% 147.50% 141.70% 96.07% Card SME Bank Inc. (A Thrift Bank) 17.21% 10.06% 7.15% 71.10% Century Savings Bank 11.47% 6.80% 4.66% 68.60% HSBC Savings Bank (Phils) Inc. 13.26% 8.21% 5.05% 61.51% First Consolidated Bank 65.35% 48.60% 16.75% 34.45% World Partners Bank (A Thrift Bank) 55.27% 42.50% 12.76% 30.03% China Bank Savings 240.64% 185.56% 55.08% 29.68% Northpoint Development Bank 38.74% 30.93% 7.81% 25.24% Wealth Bank - A Development Bank 52.86% 42.62% 10.24% 24.03% City Savings Bank 27.20% 22.13% 5.07% 22.93% Malayan Bank Savings & Mortgage Bank 139.40% 117.39% 22.01% 18.75% Comsavings Bank 546.12% 464.02% 82.10% 17.69% Iloilo City Development Bank 469.47% 408.93% 60.54% 14.80% CityState Savings Bank 44.00% 38.57% 5.43% 14.09% Philippine Savings Bank 101.17% 88.92% 12.25% 13.78% Allied Savings Bank 48.59% 42.94% 5.64% 13.14% Pridestar Development Bank 50.33% 44.55% 5.78% 12.98% Security Bank Savings Corporation 111.03% 101.21% 9.82% 9.70% BPI Globe Banko Inc. Savings Bank 69.10% 63.10% 6.00% 9.51% Sterling Bank of Asia Inc. 67.75% 62.78% 4.97% 7.92% Philippine Business Bank 76.11% 70.63% 5.49% 7.77% Pampanga Development Bank 46.82% 43.59% 3.23% 7.41% Equicom SB 152.87% 143.13% 9.74% 6.81% Quezon Coconut Producers SLB Inc. 49.30% 46.31% 2.99% 6.46% Microfinance Maximum SB (Maxbank) 93.59% 88.22% 5.37% 6.09% The Real Bank (A Thrift Bank) Inc. 1110.52% 1051.35% 59.17% 5.63% Life Savings Bank 54.03% 51.31% 2.72% 5.30% United Overseas Bank Philippines 63.00% 61.68% 1.32% 2.14% Penbank, Inc. 95.87% 93.95% 1.92% 2.05% The Queen City Development Bank 22.60% 22.41% 0.18% 0.82% Village SLA, Inc. 567.49% 563.87% 3.62% 0.64% Citibank Savings Inc. 93.50% 93.23% 0.27% 0.29% Hiyas Savings & Loan Bank 136.46% 136.26% 0.20% 0.15% BDO Elite Savings Bank 6.19% 6.20% -0.01% -0.20% Bataan Development Bank 222.61% 223.93% -1.32% -0.59% Dumaguete City Development Bank 98.69% 99.29% -0.60% -0.60% Maritime SLA 35.62% 35.84% -0.22% -0.60% Progress SLA 7.47% 7.51% -0.05% -0.62% Business & Consumers Bank 139.77% 141.33% -1.56% -1.10% BPI Family Savings Bank 73.98% 75.01% -1.04% -1.38% Planters Development Bank 289.24% 294.01% -4.78% -1.62% Silangan Savings and Loan Bank, Inc. 119.18% 122.11% -2.93% -2.40% RCBC Savings Bank 183.45% 188.14% -4.69% -2.49% Isla Bank (A Thrift Bank) Inc. 8.54% 8.84% -0.30% -3.37% BPI Direct Savings Bank 34.15% 35.41% -1.26% -3.56% Optimum Development Bank 12.57% 13.21% -0.64% -4.86% Luzon Development Bank 130.87% 138.15% -7.28% -5.27% Sun Savings Bank 8.02% 8.51% -0.49% -5.80% Lemery Savings & Loan Bank, Inc. 40.71% 43.24% -2.53% -5.85% Sampaguita SLA 63.24% 67.33% -4.09% -6.08% Farmers Savings & Loan Bank 162.20% 173.13% -10.92% -6.31% Bank One Savings and Trust Corp. 70.15% 77.39% -7.23% -9.34% UCPB Savings Bank 41.93% 47.33% -5.40% -11.40% Opportunity Kauswagan Bank, Inc. 106.07% 123.11% -17.04% -13.84% Producers Savings Bank 86.28% 103.49% -17.21% -16.63% Philippine Postal Savings Bank 83.38% 101.22% -17.84% -17.63% Malasiqui Progressive SLB, Inc. 29.18% 35.52% -6.34% -17.85% Cordillera Savings Bank 51.51% 63.99% -12.48% -19.50% Metro Cebu Public Savings Bank 55.41% 70.81% -15.40% -21.75% Tong Yang Savings Bank Inc. 39.80% 56.02% -16.22% -28.96% Dungganon Bank 15.06% 22.03% -6.97% -31.62% Tower Development Bank 24.98% 40.67% -15.69% -38.58% Legazpi Savings Bank Inc. 255.52% 790.40% -534.89% -67.67% Bataan SLA NA 14.81% NA NA Enterprise Bank Inc. 98.57% NA NA NA Inter-Asia Development Bank 790.16% NA NA NA The Palawan Bank Inc. 339.70% NA NA NA Grand Total 110.74% 100.56% 10.18% 10.12%

Source: www.bsp.gov.ph

Philippine Thrift Banking System
Total Distressed Assets/ Total Capital Cushion
September 30, 2012 to December 31, 2012
		September 30, 2012				December 31, 2012				Variance				% 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 %)		Total Distressed Assets (In PHP)	Total Capital Cushion (In PHP)	Distressed Assets/ Total Capital Cushion (In %)
The Real Bank (A Thrift Bank) Inc.	9,516,786,838.48	905,196,918.56	1051.35%		9,104,085,280.75	819,806,739.79	1110.52%		-412,701,557.73	-85,390,178.77	59.17%		-4.34%	-9.43%	5.63%
Inter-Asia Development Bank	NA	NA	NA		98,986,652.72	12,527,419.93	790.16%		NA	NA	NA		NA	NA	NA
Village SLA, Inc.	479,384,798.66	85,016,613.24	563.87%		482,971,670.79	85,106,104.94	567.49%		3,586,872.13	89,491.70	3.62%		0.75%	0.11%	0.64%
Comsavings Bank	2,197,560,806.67	473,592,378.81	464.02%		2,152,959,280.94	394,231,674.83	546.12%		-44,601,525.73	-79,360,703.98	82.10%		-2.03%	-16.76%	17.69%
Iloilo City Development Bank	270,977,193.00	66,264,793.70	408.93%		312,348,064.40	66,532,072.05	469.47%		41,370,871.40	267,278.35	60.54%		15.27%	0.40%	14.80%
The Palawan Bank Inc.	NA	NA	NA		88,021,072.90	25,911,081.73	339.70%		NA	NA	NA		NA	NA	NA
Planters Development Bank	13,269,185,069.91	4,513,127,703.18	294.01%		12,948,915,584.01	4,476,918,961.89	289.24%		-320,269,485.90	-36,208,741.29	-4.78%		-2.41%	-0.80%	-1.62%
University Savings Bank	338,464,989.50	229,473,016.94	147.50%		661,143,467.69	228,612,951.12	289.20%		322,678,478.19	-860,065.82	141.70%		95.34%	-0.37%	96.07%
Legazpi Savings Bank Inc.	1,520,590,623.29	192,381,540.63	790.40%		922,546,339.95	361,050,520.81	255.52%		-598,044,283.34	168,668,980.18	-534.89%		-39.33%	87.67%	-67.67%
China Bank Savings	1,898,139,702.21	1,022,928,082.14	185.56%		2,193,496,131.15	911,544,737.69	240.64%		295,356,428.94	-111,383,344.45	55.08%		15.56%	-10.89%	29.68%
Bataan Development Bank	174,116,633.54	77,756,277.41	223.93%		173,086,398.77	77,754,277.41	222.61%		-1,030,234.77	-2,000.00	-1.32%		-0.59%	0.00%	-0.59%
RCBC Savings Bank	13,586,838,184.29	7,221,683,741.37	188.14%		13,175,369,165.79	7,182,065,835.47	183.45%		-411,469,018.50	-39,617,905.90	-4.69%		-3.03%	-0.55%	-2.49%
Farmers Savings & Loan Bank	206,232,294.40	119,121,673.90	173.13%		194,814,222.76	120,105,189.66	162.20%		-11,418,071.64	983,515.76	-10.92%		-5.54%	0.83%	-6.31%
Philippine Resources Savings Banking Corporation	947,517,613.05	1,312,494,388.25	72.19%		1,964,754,570.68	1,280,833,710.22	153.40%		1,017,236,957.63	-31,660,678.03	81.20%		107.36%	-2.41%	112.48%
Equicom SB	753,567,755.55	526,505,528.17	143.13%		804,808,813.72	526,478,368.74	152.87%		51,241,058.17	-27,159.43	9.74%		6.80%	-0.01%	6.81%
Business & Consumers Bank	111,827,390.14	79,127,256.40	141.33%		111,503,405.66	79,778,218.98	139.77%		-323,984.48	650,962.58	-1.56%		-0.29%	0.82%	-1.10%
Malayan Bank Savings & Mortgage Bank	1,351,217,546.60	1,151,079,672.82	117.39%		1,604,314,144.81	1,150,906,649.00	139.40%		253,096,598.21	-173,023.82	22.01%		18.73%	-0.02%	18.75%
Hiyas Savings & Loan Bank	234,237,686.41	171,907,664.98	136.26%		239,626,539.43	175,599,508.50	136.46%		5,388,853.02	3,691,843.52	0.20%		2.30%	2.15%	0.15%
Luzon Development Bank	646,205,486.15	467,765,497.15	138.15%		644,332,995.39	492,360,638.92	130.87%		-1,872,490.76	24,595,141.77	-7.28%		-0.29%	5.26%	-5.27%
Silangan Savings and Loan Bank, Inc.	62,568,695.13	51,238,430.87	122.11%		61,066,411.54	51,238,430.87	119.18%		-1,502,283.59	0.00	-2.93%		-2.40%	0.00%	-2.40%
Security Bank Savings Corporation	1,351,287,204.45	1,335,142,276.18	101.21%		2,351,384,570.60	2,117,832,548.04	111.03%		1,000,097,366.15	782,690,271.86	9.82%		74.01%	58.62%	9.70%
Opportunity Kauswagan Bank, Inc.	186,298,329.74	151,324,998.37	123.11%		181,267,927.74	170,899,309.83	106.07%		-5,030,402.00	19,574,311.46	-17.04%		-2.70%	12.94%	-13.84%
Philippine Savings Bank	14,692,734,483.48	16,524,087,878.48	88.92%		16,254,121,220.71	16,065,835,469.57	101.17%		1,561,386,737.23	-458,252,408.91	12.25%		10.63%	-2.77%	13.78%
Dumaguete City Development Bank	215,729,639.58	217,277,299.29	99.29%		214,452,144.04	217,297,074.83	98.69%		-1,277,495.54	19,775.54	-0.60%		-0.59%	0.01%	-0.60%
Enterprise Bank Inc.	NA	NA	NA		200,552,296.60	203,469,413.04	98.57%		NA	NA	NA		NA	NA	NA
Penbank, Inc.	269,401,698.57	286,750,207.57	93.95%		273,463,386.84	285,232,586.90	95.87%		4,061,688.27	-1,517,620.67	1.92%		1.51%	-0.53%	2.05%
Microfinance Maximum SB (Maxbank)	54,931,838.38	62,266,587.38	88.22%		57,308,195.17	61,231,684.17	93.59%		2,376,356.79	-1,034,903.21	5.37%		4.33%	-1.66%	6.09%
Citibank Savings Inc.	4,248,316,814.98	4,556,756,088.22	93.23%		3,662,866,224.16	3,917,361,113.08	93.50%		-585,450,590.82	-639,394,975.14	0.27%		-13.78%	-14.03%	0.29%
Producers Savings Bank	672,527,873.94	649,839,788.62	103.49%		901,945,596.74	1,045,373,505.87	86.28%		229,417,722.80	395,533,717.25	-17.21%		34.11%	60.87%	-16.63%
Philippine Postal Savings Bank	840,011,784.78	829,916,335.27	101.22%		731,482,833.06	877,330,533.58	83.38%		-108,528,951.72	47,414,198.31	-17.84%		-12.92%	5.71%	-17.63%
Philippine Business Bank	2,778,866,639.17	3,934,592,014.14	70.63%		2,932,041,092.47	3,852,281,882.85	76.11%		153,174,453.30	-82,310,131.29	5.49%		5.51%	-2.09%	7.77%
BPI Family Savings Bank	11,720,891,290.89	15,625,229,419.16	75.01%		11,733,333,554.64	15,860,798,666.60	73.98%		12,442,263.75	235,569,247.44	-1.04%		0.11%	1.51%	-1.38%
Bank One Savings and Trust Corp.	404,565,810.22	522,793,794.10	77.39%		366,765,200.88	522,793,794.10	70.15%		-37,800,609.34	0.00	-7.23%		-9.34%	0.00%	-9.34%
BPI Globe Banko Inc. Savings Bank	378,645,371.65	600,052,047.92	63.10%		540,479,949.34	782,143,645.87	69.10%		161,834,577.69	182,091,597.95	6.00%		42.74%	30.35%	9.51%
Sterling Bank of Asia Inc.	1,263,994,310.97	2,013,529,012.56	62.78%		1,411,744,851.91	2,083,878,433.82	67.75%		147,750,540.94	70,349,421.26	4.97%		11.69%	3.49%	7.92%
First Consolidated Bank	955,260,117.52	1,965,455,035.15	48.60%		1,287,890,706.30	1,970,817,172.11	65.35%		332,630,588.78	5,362,136.96	16.75%		34.82%	0.27%	34.45%
Sampaguita SLA	57,736,055.28	85,749,472.39	67.33%		53,266,338.83	84,232,190.43	63.24%		-4,469,716.45	-1,517,281.96	-4.09%		-7.74%	-1.77%	-6.08%
United Overseas Bank Philippines	892,932,582.91	1,447,649,122.74	61.68%		909,917,442.82	1,444,345,423.54	63.00%		16,984,859.91	-3,303,699.20	1.32%		1.90%	-0.23%	2.14%
Merchants Savings & Loan Association Inc.	384,344,282.17	6,522,665,880.14	5.89%		385,483,704.14	640,602,537.64	60.18%		1,139,421.97	-5,882,063,342.50	54.28%		0.30%	-90.18%	921.23%
Metro Cebu Public Savings Bank	51,581,023.86	72,847,564.07	70.81%		39,456,154.93	71,210,205.16	55.41%		-12,124,868.93	-1,637,358.91	-15.40%		-23.51%	-2.25%	-21.75%
World Partners Bank (A Thrift Bank)	76,859,421.51	180,827,639.98	42.50%		101,080,731.99	182,889,092.93	55.27%		24,221,310.48	2,061,452.95	12.76%		31.51%	1.14%	30.03%
Life Savings Bank	33,586,278.49	65,456,807.08	51.31%		35,368,332.32	65,456,807.08	54.03%		1,782,053.83	0.00	2.72%		5.31%	0.00%	5.31%
Wealth Bank - A Development Bank	178,338,088.79	418,457,222.96	42.62%		220,929,447.90	417,967,098.12	52.86%		42,591,359.11	-490,124.84	10.24%		23.88%	-0.12%	24.03%
Cordillera Savings Bank	73,562,178.57	114,956,104.55	63.99%		63,777,832.88	123,806,190.07	51.51%		-9,784,345.69	8,850,085.52	-12.48%		-13.30%	7.70%	-19.50%
Pridestar Development Bank	31,942,247.14	71,698,825.23	44.55%		37,563,323.43	74,627,626.02	50.33%		5,621,076.29	2,928,800.79	5.78%		17.60%	4.08%	12.98%
Quezon Coconut Producers SLB Inc.	27,001,212.31	58,300,771.65	46.31%		28,720,982.41	58,253,245.56	49.30%		1,719,770.10	-47,526.09	2.99%		6.37%	-0.08%	6.46%
Allied Savings Bank	436,831,761.07	1,017,246,565.62	42.94%		499,978,776.28	1,029,058,182.69	48.59%		63,147,015.21	11,811,617.07	5.64%		14.46%	1.16%	13.14%
Pampanga Development Bank	54,553,951.74	125,163,058.50	43.59%		59,113,455.34	126,267,718.61	46.82%		4,559,503.60	1,104,660.11	3.23%		8.36%	0.88%	7.41%
CityState Savings Bank	311,081,927.08	806,533,911.73	38.57%		355,639,804.32	808,185,795.23	44.00%		44,557,877.24	1,651,883.50	5.43%		14.32%	0.20%	14.09%
UCPB Savings Bank	1,061,372,893.23	2,242,683,271.11	47.33%		1,081,568,062.29	2,579,430,757.11	41.93%		20,195,169.06	336,747,486.00	-5.40%		1.90%	15.02%	-11.40%
Lemery Savings & Loan Bank, Inc.	30,898,788.37	71,454,318.24	43.24%		30,317,786.86	74,467,764.45	40.71%		-581,001.51	3,013,446.21	-2.53%		-1.88%	4.22%	-5.85%
Tong Yang Savings Bank Inc.	260,290,656.75	464,599,551.99	56.02%		249,669,008.20	627,270,962.27	39.80%		-10,621,648.55	162,671,410.28	-16.22%		-4.08%	35.01%	-28.96%
Northpoint Development Bank	28,571,756.82	92,372,200.96	30.93%		36,376,190.18	93,901,080.98	38.74%		7,804,433.36	1,528,880.02	7.81%		27.32%	1.66%	25.24%
Maritime SLA	24,659,137.86	68,811,839.22	35.84%		24,674,180.19	69,271,831.58	35.62%		15,042.33	459,992.36	-0.22%		0.06%	0.67%	-0.60%
BPI Direct Savings Bank	271,380,438.55	766,396,820.94	35.41%		268,938,170.94	787,541,250.61	34.15%		-2,442,267.61	21,144,429.67	-1.26%		-0.90%	2.76%	-3.56%
Malasiqui Progressive SLB, Inc.	20,436,285.91	57,540,947.14	35.52%		16,772,085.65	57,487,437.99	29.18%		-3,664,200.26	-53,509.15	-6.34%		-17.93%	-0.09%	-17.85%
City Savings Bank	440,957,959.30	1,992,880,797.04	22.13%		529,688,243.69	1,947,420,462.29	27.20%		88,730,284.39	-45,460,334.75	5.07%		20.12%	-2.28%	22.93%
Tower Development Bank	48,171,898.05	118,433,563.41	40.67%		28,918,674.66	115,765,899.34	24.98%		-19,253,223.39	-2,667,664.07	-15.69%		-39.97%	-2.25%	-38.58%
The Queen City Development Bank	153,456,224.57	684,680,835.05	22.41%		153,384,400.79	678,792,264.05	22.60%		-71,823.78	-5,888,571.00	0.18%		-0.05%	-0.86%	0.82%
Pacific Ace Savings Bank	5,843,016.99	75,790,600.32	7.71%		13,084,624.86	75,921,914.77	17.23%		7,241,607.87	131,314.45	9.52%		123.94%	0.17%	123.55%
Card SME Bank Inc. (A Thrift Bank)	19,170,008.20	190,550,540.55	10.06%		34,609,441.42	201,058,032.28	17.21%		15,439,433.22	10,507,491.73	7.15%		80.54%	5.51%	71.10%
Dungganon Bank	14,282,585.13	64,839,980.89	22.03%		9,479,604.75	62,935,596.15	15.06%		-4,802,980.38	-1,904,384.74	-6.97%		-33.63%	-2.94%	-31.62%
HSBC Savings Bank (Phils) Inc.	236,274,309.69	2,877,120,064.23	8.21%		379,569,632.06	2,861,807,423.16	13.26%		143,295,322.37	-15,312,641.07	5.05%		60.65%	-0.53%	61.51%
Optimum Development Bank	90,258,234.85	683,355,419.98	13.21%		84,910,104.49	675,732,293.95	12.57%		-5,348,130.36	-7,623,126.03	-0.64%		-5.93%	-1.12%	-4.86%
Century Savings Bank	59,386,025.04	873,232,215.08	6.80%		100,122,005.92	873,232,215.08	11.47%		40,735,980.88	0.00	4.66%		68.60%	0.00%	68.60%
Isla Bank (A Thrift Bank) Inc.	55,879,355.65	631,893,880.25	8.84%		53,994,132.80	631,893,880.25	8.54%		-1,885,222.85	0.00	-0.30%		-3.37%	0.00%	-3.37%
Sun Savings Bank	6,565,898.74	77,159,514.33	8.51%		6,227,687.27	77,692,055.29	8.02%		-338,211.47	532,540.96	-0.49%		-5.15%	0.69%	-5.80%
Progress SLA	6,370,390.41	84,769,900.88	7.51%		6,272,509.28	83,990,340.37	7.47%		-97,881.13	-779,560.51	-0.05%		-1.54%	-0.92%	-0.62%
BDO Elite Savings Bank	93,512,659.64	1,507,557,562.16	6.20%		93,324,793.17	1,507,557,562.16	6.19%		-187,866.47	0.00	-0.01%		-0.20%	0.00%	-0.20%
Bataan SLA	10,950,886.81	73,936,671.64	14.81%		NA	NA	NA		NA	NA	NA		NA	NA	NA
Grand Total	93,147,922,936.78	92,629,287,402.98	100.56%		97,032,447,632.11	87,764,013,064.02	110.56%		3,884,524,695.33	-4,865,274,338.96	10.00%		4.17%	-5.25%	9.95%

Source: www.bsp.gov.ph


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' Published Statements of Condition as of September 30, 2012 and December 31, 2012 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.