Philippine Thrift Banks Improve in the 1st Quarter of 2013

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. Village SLA (Distressed Ratio of 684.01%)
2. Comsavings Bank (formerly GSIS Family Bank) (Distressed Ratio of 603.26%)
3. Iloilo City Development Bank (Distressed Ratio of 428.56%)
4. The Palawan Bank Inc. (Distressed Ratio of 307.16%)
5. Planters Development Bank (Distressed Ratio of 257.29%)
6. China Bank Savings (Distressed Ratio of 215.36%)
7. Bataan Development Bank (Distressed Ratio of 213.99%)
8. University Savings Bank (Distressed Ratio of 178.54%)
9. Farmers Savings & Loans Bank (Distressed Ratio of 169.98%)
10. Equicom SB (Distressed Ratio of 162.17%)
11. RCBC Savings Bank (Distressed Ratio of 152.87%)
12. Business & Consumers Bank (Distressed Ratio of 151.46%)
13. Opportunity Kauswagan Bank, Inc. (Distressed Ratio of 147.38%)
14. Malayan Bank Savings & Mortgage Bank (Distressed Ratio of 136.20%)
15. Enterprise Bank Inc. (Distressed Ratio of 135.91%)
16. Hiyas Savings & Loan Bank (Distressed Ratio of 135.02%)
17. Luzon Development Bank (Distressed Ratio of 123.71%)
18. Silangan Savings and Loan Bank, Inc. (Distressed Ratio of 118.22%)
19. Microfinance Maximum SB (Distressed Ratio of 112.09%)
20. Security Bank Savings Corporation (Distressed Ratio of 110.40%)
21. Philippine Resources Savings Banking Corporation (Distressed Ratio of 100.89%)

It should be noted that two banks entered the borderline insolvent list as of March 31, 2013:

1. Enterprise Bank Inc., which had a distressed ratio of 98.57% as of December 31, 2012, has a distressed ratio of 135.91% as of March 31, 2013.
2. Microfinance Maximum SB (Maxbank), which had a distressed ratio of 93.59% as of December 31, 2012, has a distressed ratio of 112.09% as of March 31, 2013.

It should also be noted that one bank exited the borderline insolvent list: Philippine Savings Bank, which had a distressed ratio of 101.17% as of December 31, 2012, now has a distressed ratio of only 84.00% as of March 31, 2013.

However, three banks are off the list of distressed banks because they had no Published Statement of Condition as of March 31, 2013:

1. The Real Bank, which topped the list of distressed banks with a distressed ratio of 1110.52% as of December 31, 2012, had no Published Statement of Condition as of March 31, 2013.
2. Inter-Asia Development Bank, which had a distressed ratio of 790.16% as of December 31, 2012, the second highest distressed ratio among Philippine Thrift Banks, has no Published Statement of Condition as of March 31, 2013. Inter-Asia Development Bank also had the distinction of having negative Stockholder's Equity of Php 16.306 million as of December 31, 2012.
3. Legazpi Savings Bank Inc. also had no Published Statement of Condition as of March 31, 2012.  As of December 31, 2012, it had a distressed ratio of 255.52%.  It is now part of Robinsons Bank Corporation.

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 11.859 billion or 12.20% from December 31, 2012 to March 31, 2013.  The Total Capital Cushion of Philippine Thrift Banks increased by Php 10.921 billion or 12.24% during the same period.  As a result, the Thrift Bank's Ratio of Total Distressed Assets to Total Capital Cushion declined from 110.74% as of December 31, 2012 to 86.46% as of March 31, 2013.

These results were skewed by the lack of Published Statements of Condition of the three distressed banks listed above: The Real Bank, Inter-Asia Development Bank, and Legazpi Savings Bank, Inc..  These three non-reporting banks had a combined distressed assets of Php 10.126 billion supported by a combined capital cushion of only Php 1.193 billion, resulting in a combined distressed ratio of 848.48%.

Among the banks that continued to report their financial condition as of March 31, 2013, their distressed ratios declined from 100.39% as of December 31, 2012, to 86.46% as of March 31, 2013.  The improvement in this ratio was primarily due to the 13.99% increase in these banks total capital cushion, from Php 86.571 billion as of December 31, 2012, to Php 98.685 billion as of March 31, 2013.  Total Distressed Assets of these banks remained stagnant, declining by 1.82%, from Php 86.907 billion as of December 31, 2012 to Php 85.328 billion as of March 31, 2013.

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

1. Century Savings Bank (47.48% decrease)
2. Philippine Business Bank (42.18% decrease)
3. University Savings Bank (38.26% decrease)
4. Philippine Resources Savings Banking Corporation (34.23% decrease)
5. Sun Savings Bank (24.46% decrease)
6. City Savings Bank (22.92% decrease)

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

1. Maritime SLA (154.00% increase)
2. Tong Yang Savings Bank Inc. (85.82% increase)
3. Pridestar Development Bank (78.21% increase)
4. Dungganon Bank (63.93% increase)
5. UCPB Savings Bank (56.04% increase)
6. Optimum Development Bank (52.87% increase)
7. World Partners Bank (43.96% increase)
8. Opportunity Kauswagan Bank, Inc. (38.95% increase)
9. Enterprise Bank Inc. (37.89% increase)
10. Wealth Bank - A Development Bank (36.64% increase)
11. Cordillera Savings Bank (27.23% increase)
12. Lemery Savings & Loan Bank, Inc. (22.96% increase)
13. Tower Development Bank (20.76% increase)
14. Village SLA, Inc. (20.53% increase)

Philippine Thrift Banking System
Total Distressed Assets/ Total Capital Cushion
December 31, 2010 to March 31, 2013
Bank	March 2013	December 2012	Variance	% Variance
Maritime SLA	90.47%	35.62%	54.85%	154.00%
Tong Yang Savings Bank Inc.	73.96%	39.80%	34.16%	85.82%
Pridestar Development Bank	89.70%	50.33%	39.37%	78.21%
Dungganon Bank	24.69%	15.06%	9.63%	63.93%
UCPB Savings Bank	65.43%	41.93%	23.50%	56.04%
Optimum Development Bank	19.21%	12.57%	6.64%	52.87%
World Partners Bank (A Thrift Bank)	79.57%	55.27%	24.30%	43.96%
Opportunity Kauswagan Bank, Inc.	147.38%	106.07%	41.31%	38.95%
Enterprise Bank Inc.	135.91%	98.57%	37.34%	37.89%
Wealth Bank - A Development Bank	72.22%	52.86%	19.37%	36.64%
Cordillera Savings Bank	65.54%	51.51%	14.03%	27.23%
Lemery Savings & Loan Bank, Inc.	50.06%	40.71%	9.35%	22.96%
Tower Development Bank	30.17%	24.98%	5.19%	20.76%
Village SLA, Inc.	684.01%	567.49%	116.51%	20.53%
Microfinance Maximum SB (Maxbank)	112.09%	93.59%	18.50%	19.76%
BPI Globe Banko Inc. Savings Bank	82.48%	69.10%	13.37%	19.35%
Northpoint Development Bank	44.02%	38.74%	5.28%	13.63%
Philippine Postal Savings Bank	94.33%	83.38%	10.95%	13.13%
Quezon Coconut Producers SLB Inc.	55.78%	49.30%	6.47%	13.13%
Comsavings Bank	603.26%	546.12%	57.14%	10.46%
Business & Consumers Bank	151.46%	139.77%	11.69%	8.37%
Malasiqui Progressive SLB, Inc.	31.49%	29.18%	2.31%	7.92%
Producers Savings Bank	91.85%	86.28%	5.57%	6.45%
Equicom SB	162.17%	152.87%	9.30%	6.09%
HSBC Savings Bank (Phils) Inc.	13.94%	13.26%	0.68%	5.13%
Farmers Savings & Loan Bank	169.98%	162.20%	7.78%	4.80%
Sampaguita SLA	65.02%	63.24%	1.78%	2.82%
Progress SLA	7.48%	7.47%	0.02%	0.21%
Isla Bank (A Thrift Bank) Inc.	8.54%	8.54%	0.00%	-0.03%
Allied Savings Bank	48.42%	48.59%	-0.16%	-0.34%
Security Bank Savings Corporation	110.40%	111.03%	-0.62%	-0.56%
Silangan Savings and Loan Bank, Inc.	118.22%	119.18%	-0.96%	-0.81%
Hiyas Savings & Loan Bank	135.02%	136.46%	-1.44%	-1.05%
Dumaguete City Development Bank	97.65%	98.69%	-1.04%	-1.06%
Metro Cebu Public Savings Bank	54.66%	55.41%	-0.75%	-1.36%
Sterling Bank of Asia Inc.	66.81%	67.75%	-0.94%	-1.38%
BDO Elite Savings Bank	6.09%	6.19%	-0.10%	-1.57%
The Queen City Development Bank	22.22%	22.60%	-0.38%	-1.68%
Citibank Savings Inc.	91.80%	93.50%	-1.70%	-1.82%
Pacific Ace Savings Bank	16.92%	17.23%	-0.32%	-1.84%
Bank One Savings and Trust Corp.	68.77%	70.15%	-1.38%	-1.97%
Penbank, Inc.	93.80%	95.87%	-2.08%	-2.17%
Malayan Bank Savings & Mortgage Bank	136.20%	139.40%	-3.20%	-2.29%
Life Savings Bank	52.53%	54.03%	-1.50%	-2.77%
Bataan Development Bank	213.99%	222.61%	-8.62%	-3.87%
Card SME Bank Inc. (A Thrift Bank)	16.54%	17.21%	-0.67%	-3.89%
Luzon Development Bank	123.71%	130.87%	-7.16%	-5.47%
Pampanga Development Bank	43.46%	46.82%	-3.36%	-7.18%
United Overseas Bank Philippines	58.08%	63.00%	-4.92%	-7.81%
Merchants Savings & Loan Association Inc.	54.94%	60.18%	-5.24%	-8.70%
Iloilo City Development Bank	428.56%	469.47%	-40.91%	-8.71%
The Palawan Bank Inc.	307.16%	339.70%	-32.54%	-9.58%
China Bank Savings	215.36%	240.64%	-25.28%	-10.51%
Planters Development Bank	257.29%	289.24%	-31.95%	-11.05%
CityState Savings Bank	38.67%	44.00%	-5.34%	-12.13%
BPI Direct Savings Bank	29.91%	34.15%	-4.24%	-12.42%
First Consolidated Bank	56.60%	65.35%	-8.74%	-13.38%
BPI Family Savings Bank	62.18%	73.98%	-11.80%	-15.95%
RCBC Savings Bank	152.87%	183.45%	-30.58%	-16.67%
Philippine Savings Bank	84.00%	101.17%	-17.17%	-16.97%
City Savings Bank	20.96%	27.20%	-6.24%	-22.92%
Sun Savings Bank	6.06%	8.02%	-1.96%	-24.46%
Philippine Resources Savings Banking Corporation	100.89%	153.40%	-52.51%	-34.23%
University Savings Bank	178.54%	289.20%	-110.66%	-38.26%
Philippine Business Bank	44.01%	76.11%	-32.11%	-42.18%
Century Savings Bank	6.02%	11.47%	-5.44%	-47.48%
Bataan SLA	13.55%	NA	NA	NA
The Real Bank (A Thrift Bank) Inc.	NA	1110.52%	NA	NA
Inter-Asia Development Bank	NA	790.16%	NA	NA
Legazpi Savings Bank Inc.*	NA	255.52%	NA	NA
Grand Total	86.46%	110.74%	-24.27%	-21.92%

Source: www.bsp.gov.ph

Philippine Thrift Banking System
Total Distressed Assets/ Total Capital Cushion
December 31, 2010 to March 31, 2013
		March 31, 2013				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 %)
Village SLA, Inc.	496,377,535.75	72,569,009.96	684.01%		482,971,670.79	85,106,104.94	567.49%		13,405,864.96	-12,537,094.98	116.51%		2.78%	-14.73%	20.53%
Comsavings Bank	2,112,944,286.62	350,256,389.87	603.26%		2,152,959,280.94	394,231,674.83	546.12%		-40,014,994.32	-43,975,284.96	57.14%		-1.86%	-11.15%	10.46%
Iloilo City Development Bank	319,108,798.97	74,460,161.05	428.56%		312,348,064.40	66,532,072.05	469.47%		6,760,734.57	7,928,089.00	-40.91%		2.16%	11.92%	-8.71%
The Palawan Bank Inc.	80,187,590.43	26,105,838.96	307.16%		88,021,072.90	25,911,081.73	339.70%		-7,833,482.47	194,757.23	-32.54%		-8.90%	0.75%	-9.58%
Planters Development Bank	11,558,280,974.87	4,492,399,583.23	257.29%		12,948,915,584.01	4,476,918,961.89	289.24%		-1,390,634,609.14	15,480,621.34	-31.95%		-10.74%	0.35%	-11.05%
China Bank Savings	1,992,008,426.44	924,982,941.27	215.36%		2,193,496,131.15	911,544,737.69	240.64%		-201,487,704.71	13,438,203.58	-25.28%		-9.19%	1.47%	-10.51%
Bataan Development Bank	169,926,802.45	79,408,150.74	213.99%		173,086,398.77	77,754,277.41	222.61%		-3,159,596.32	1,653,873.33	-8.62%		-1.83%	2.13%	-3.87%
University Savings Bank	426,379,745.66	238,815,498.62	178.54%		661,143,467.69	228,612,951.12	289.20%		-234,763,722.03	10,202,547.50	-110.66%		-35.51%	4.46%	-38.26%
Farmers Savings & Loan Bank	206,459,550.90	121,460,323.18	169.98%		194,814,222.76	120,105,189.66	162.20%		11,645,328.14	1,355,133.52	7.78%		5.98%	1.13%	4.80%
Equicom SB	849,956,397.71	524,113,918.41	162.17%		804,808,813.72	526,478,368.74	152.87%		45,147,583.99	-2,364,450.33	9.30%		5.61%	-0.45%	6.09%
RCBC Savings Bank	12,931,004,204.02	8,458,793,246.14	152.87%		13,175,369,165.79	7,182,065,835.47	183.45%		-244,364,961.77	1,276,727,410.67	-30.58%		-1.85%	17.78%	-16.67%
Business & Consumers Bank	125,950,251.62	83,158,250.15	151.46%		111,503,405.66	79,778,218.98	139.77%		14,446,845.96	3,380,031.17	11.69%		12.96%	4.24%	8.37%
Opportunity Kauswagan Bank, Inc.	148,003,463.85	100,422,184.04	147.38%		181,267,927.74	170,899,309.83	106.07%		-33,264,463.89	-70,477,125.79	41.31%		-18.35%	-41.24%	38.95%
Malayan Bank Savings & Mortgage Bank	1,631,520,959.35	1,197,907,246.98	136.20%		1,604,314,144.81	1,150,906,649.00	139.40%		27,206,814.54	47,000,597.98	-3.20%		1.70%	4.08%	-2.29%
Enterprise Bank Inc.	308,372,421.55	226,893,033.22	135.91%		200,552,296.60	203,469,413.04	98.57%		107,820,124.95	23,423,620.18	37.34%		53.76%	11.51%	37.89%
Hiyas Savings & Loan Bank	232,293,909.14	172,039,936.56	135.02%		239,626,539.43	175,599,508.50	136.46%		-7,332,630.29	-3,559,571.94	-1.44%		-3.06%	-2.03%	-1.05%
Luzon Development Bank	625,433,831.89	505,564,924.77	123.71%		644,332,995.39	492,360,638.92	130.87%		-18,899,163.50	13,204,285.85	-7.16%		-2.93%	2.68%	-5.47%
Silangan Savings and Loan Bank, Inc.	60,573,617.94	51,238,430.87	118.22%		61,066,411.54	51,238,430.87	119.18%		-492,793.60	0.00	-0.96%		-0.81%	0.00%	-0.81%
Microfinance Maximum SB (Maxbank)	71,037,262.18	63,374,791.71	112.09%		57,308,195.17	61,231,684.17	93.59%		13,729,067.01	2,143,107.54	18.50%		23.96%	3.50%	19.76%
Security Bank Savings Corporation	1,959,451,355.89	1,774,788,044.47	110.40%		2,351,384,570.60	2,117,832,548.04	111.03%		-391,933,214.71	-343,044,503.57	-0.62%		-16.67%	-16.20%	-0.56%
Philippine Resources Savings Banking Corporation	1,518,138,930.73	1,504,814,681.31	100.89%		1,964,754,570.68	1,280,833,710.22	153.40%		-446,615,639.95	223,980,971.09	-52.51%		-22.73%	17.49%	-34.23%
Dumaguete City Development Bank	212,181,457.56	217,297,074.83	97.65%		214,452,144.04	217,297,074.83	98.69%		-2,270,686.48	0.00	-1.04%		-1.06%	0.00%	-1.06%
Philippine Postal Savings Bank	862,108,154.35	913,967,454.19	94.33%		731,482,833.06	877,330,533.58	83.38%		130,625,321.29	36,636,920.61	10.95%		17.86%	4.18%	13.13%
Penbank, Inc.	268,460,996.41	286,214,181.94	93.80%		273,463,386.84	285,232,586.90	95.87%		-5,002,390.43	981,595.04	-2.08%		-1.83%	0.34%	-2.17%
Producers Savings Bank	986,967,682.63	1,074,557,352.06	91.85%		901,945,596.74	1,045,373,505.87	86.28%		85,022,085.89	29,183,846.19	5.57%		9.43%	2.79%	6.45%
Citibank Savings Inc.	3,707,089,343.11	4,038,289,977.25	91.80%		3,662,866,224.16	3,917,361,113.08	93.50%		44,223,118.95	120,928,864.17	-1.70%		1.21%	3.09%	-1.82%
Maritime SLA	64,571,724.72	71,371,831.58	90.47%		24,674,180.19	69,271,831.58	35.62%		39,897,544.53	2,100,000.00	54.85%		161.70%	3.03%	154.00%
Pridestar Development Bank	66,941,092.23	74,627,626.02	89.70%		37,563,323.43	74,627,626.02	50.33%		29,377,768.80	0.00	39.37%		78.21%	0.00%	78.21%
Philippine Savings Bank	15,547,779,242.71	18,508,339,248.39	84.00%		16,254,121,220.71	16,065,835,469.57	101.17%		-706,341,978.00	2,442,503,778.82	-17.17%		-4.35%	15.20%	-16.97%
BPI Globe Banko Inc. Savings Bank	462,222,172.97	560,439,118.02	82.48%		540,479,949.34	782,143,645.87	69.10%		-78,257,776.37	-221,704,527.85	13.37%		-14.48%	-28.35%	19.35%
World Partners Bank (A Thrift Bank)	141,516,133.02	177,860,310.22	79.57%		101,080,731.99	182,889,092.93	55.27%		40,435,401.03	-5,028,782.71	24.30%		40.00%	-2.75%	43.96%
Tong Yang Savings Bank Inc.	361,801,945.68	489,172,436.34	73.96%		249,669,008.20	627,270,962.27	39.80%		112,132,937.48	-138,098,525.93	34.16%		44.91%	-22.02%	85.82%
Wealth Bank - A Development Bank	304,454,400.20	421,544,146.45	72.22%		220,929,447.90	417,967,098.12	52.86%		83,524,952.30	3,577,048.33	19.37%		37.81%	0.86%	36.64%
Bank One Savings and Trust Corp.	368,212,380.63	535,403,383.73	68.77%		366,765,200.88	522,793,794.10	70.15%		1,447,179.75	12,609,589.63	-1.38%		0.39%	2.41%	-1.97%
Sterling Bank of Asia Inc.	1,353,571,985.25	2,026,039,593.80	66.81%		1,411,744,851.91	2,083,878,433.82	67.75%		-58,172,866.66	-57,838,840.02	-0.94%		-4.12%	-2.78%	-1.38%
Cordillera Savings Bank	74,066,552.10	113,009,018.46	65.54%		63,777,832.88	123,806,190.07	51.51%		10,288,719.22	-10,797,171.61	14.03%		16.13%	-8.72%	27.23%
UCPB Savings Bank	1,702,616,106.61	2,602,331,669.44	65.43%		1,081,568,062.29	2,579,430,757.11	41.93%		621,048,044.32	22,900,912.33	23.50%		57.42%	0.89%	56.04%
Sampaguita SLA	48,490,704.40	74,575,772.55	65.02%		53,266,338.83	84,232,190.43	63.24%		NA	NA	NA		NA	NA	NA
BPI Family Savings Bank	12,390,463,646.81	19,926,427,350.72	62.18%		11,733,333,554.64	15,860,798,666.60	73.98%		657,130,092.17	4,065,628,684.12	-11.80%		5.60%	25.63%	-15.95%
United Overseas Bank Philippines	797,252,581.71	1,372,705,840.63	58.08%		909,917,442.82	1,444,345,423.54	63.00%		-112,664,861.11	-71,639,582.91	-4.92%		-12.38%	-4.96%	-7.81%
First Consolidated Bank	1,272,469,953.21	2,248,048,867.75	56.60%		1,287,890,706.30	1,970,817,172.11	65.35%		-15,420,753.09	277,231,695.64	-8.74%		-1.20%	14.07%	-13.38%
Quezon Coconut Producers SLB Inc.	32,532,554.40	58,325,694.46	55.78%		28,720,982.41	58,253,245.56	49.30%		3,811,571.99	72,448.90	6.47%		13.27%	0.12%	13.13%
Merchants Savings & Loan Association Inc.	299,698,379.66	545,519,147.04	54.94%		385,483,704.14	640,602,537.64	60.18%		-85,785,324.48	-95,083,390.60	-5.24%		-22.25%	-14.84%	-8.70%
Metro Cebu Public Savings Bank	38,690,609.10	70,789,328.55	54.66%		39,456,154.93	71,210,205.16	55.41%		-765,545.83	-420,876.61	-0.75%		-1.94%	-0.59%	-1.36%
Life Savings Bank	34,976,115.44	66,578,200.06	52.53%		35,368,332.32	65,456,807.08	54.03%		-392,216.88	1,121,392.98	-1.50%		-1.11%	1.71%	-2.77%
Lemery Savings & Loan Bank, Inc.	35,588,787.10	71,094,084.23	50.06%		30,317,786.86	74,467,764.45	40.71%		5,271,000.24	-3,373,680.22	9.35%		17.39%	-4.53%	22.96%
Allied Savings Bank	499,824,134.97	1,032,242,470.70	48.42%		499,978,776.28	1,029,058,182.69	48.59%		-154,641.31	3,184,288.01	-0.16%		-0.03%	0.31%	-0.34%
Northpoint Development Bank	35,099,143.73	79,739,033.66	44.02%		36,376,190.18	93,901,080.98	38.74%		-1,277,046.45	-14,162,047.32	5.28%		-3.51%	-15.08%	13.63%
Philippine Business Bank	3,342,480,754.92	7,595,417,603.40	44.01%		2,932,041,092.47	3,852,281,882.85	76.11%		410,439,662.45	3,743,135,720.55	-32.11%		14.00%	97.17%	-42.18%
Pampanga Development Bank	54,527,982.96	125,480,286.07	43.46%		59,113,455.34	126,267,718.61	46.82%		-4,585,472.38	-787,432.54	-3.36%		-7.76%	-0.62%	-7.18%
CityState Savings Bank	312,515,375.59	808,185,795.23	38.67%		355,639,804.32	808,185,795.23	44.00%		-43,124,428.73	0.00	-5.34%		-12.13%	0.00%	-12.13%
Malasiqui Progressive SLB, Inc.	18,888,049.74	59,987,437.99	31.49%		16,772,085.65	57,487,437.99	29.18%		2,115,964.09	2,500,000.00	2.31%		12.62%	4.35%	7.92%
Tower Development Bank	34,922,686.03	115,765,899.34	30.17%		28,918,674.66	115,765,899.34	24.98%		6,004,011.37	0.00	5.19%		20.76%	0.00%	20.76%
BPI Direct Savings Bank	287,924,023.63	962,690,528.70	29.91%		268,938,170.94	787,541,250.61	34.15%		18,985,852.69	175,149,278.09	-4.24%		7.06%	22.24%	-12.42%
Dungganon Bank	17,276,723.25	69,970,203.97	24.69%		9,479,604.75	62,935,596.15	15.06%		7,797,118.50	7,034,607.82	9.63%		82.25%	11.18%	63.93%
The Queen City Development Bank	152,561,708.09	686,692,465.33	22.22%		153,384,400.79	678,792,264.05	22.60%		-822,692.70	7,900,201.28	-0.38%		-0.54%	1.16%	-1.68%
City Savings Bank	522,538,004.04	2,492,516,971.70	20.96%		529,688,243.69	1,947,420,462.29	27.20%		-7,150,239.65	545,096,509.41	-6.24%		-1.35%	27.99%	-22.92%
Optimum Development Bank	140,457,695.30	731,203,784.14	19.21%		84,910,104.49	675,732,293.95	12.57%		55,547,590.81	55,471,490.19	6.64%		65.42%	8.21%	52.87%
Pacific Ace Savings Bank	13,401,495.80	79,221,909.62	16.92%		13,084,624.86	75,921,914.77	17.23%		316,870.94	3,299,994.85	-0.32%		2.42%	4.35%	-1.84%
Card SME Bank Inc. (A Thrift Bank)	36,404,170.86	220,043,734.69	16.54%		34,609,441.42	201,058,032.28	17.21%		1,794,729.44	18,985,702.41	-0.67%		5.19%	9.44%	-3.89%
HSBC Savings Bank (Phils) Inc.	374,594,152.95	2,686,441,511.65	13.94%		379,569,632.06	2,861,807,423.16	13.26%		-4,975,479.11	-175,365,911.51	0.68%		-1.31%	-6.13%	5.13%
Bataan SLA	10,370,026.22	76,527,304.60	13.55%		NA	NA	NA		#VALUE!	#VALUE!	NA		NA	NA	NA
Isla Bank (A Thrift Bank) Inc.	55,140,865.47	645,507,292.30	8.54%		53,994,132.80	631,893,880.25	8.54%		1,146,732.67	13,613,412.05	0.00%		2.12%	2.15%	-0.03%
Progress SLA	6,283,919.40	83,965,899.99	7.48%		6,272,509.28	83,990,340.37	7.47%		11,410.12	-24,440.38	0.02%		0.18%	-0.03%	0.21%
BDO Elite Savings Bank	94,238,936.06	1,546,549,042.92	6.09%		93,324,793.17	1,507,557,562.16	6.19%		914,142.89	38,991,480.76	-0.10%		0.98%	2.59%	-1.57%
Sun Savings Bank	6,239,595.75	103,038,846.69	6.06%		6,227,687.27	77,692,055.29	8.02%		11,908.48	25,346,791.40	-1.96%		0.19%	32.62%	-24.46%
Century Savings Bank	53,963,055.82	896,069,697.57	6.02%		100,122,005.92	873,232,215.08	11.47%		-46,158,950.10	22,837,482.49	-5.44%		-46.10%	2.62%	-47.48%
The Real Bank (A Thrift Bank) Inc.	NA	NA	NA		9,104,085,280.75	819,806,739.79	1110.52%		NA	NA	NA		NA	NA	NA
Inter-Asia Development Bank	NA	NA	NA		98,986,652.72	12,527,419.93	790.16%		NA	NA	NA		NA	NA	NA
Legazpi Savings Bank Inc.	NA	NA	NA		922,546,339.95	361,050,520.81	255.52%		NA	NA	NA		NA	NA	NA
Grand Total	85,327,787,520.55	98,685,353,014.48	86.46%		97,186,967,632.11	87,764,013,064.02	110.74%		-11,859,180,111.56	10,921,339,950.46	-24.27%		-12.20%	12.44%	-21.92%

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 December 31, 2012 and March 31, 2013 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.