Story Published:
Sep 16, 2009 at 7:54 AM CDT
Story Updated:
Sep 16, 2009 at 7:54 AM CDT
More U.S. banks have moved into deep water, loaded down by troubled loans on real estate, according to a new analysis by msnbc.com and the Investigative Reporting Workshop at American University in Washington.
Three banks in the Ozarks made a list of banks with the highest levels of troubled loans.
That includes The Bank of Macks Creek in Macks Creek, Southwest Community Bank in Springfield, Missouri and Parkway Bank in Rogers, Arkansas.
The troubled asset ratio is a measure of the stress placed on banks by loans. It compares loans that are not being paid on time, and property already acquired by the bank, against the bank's capital and loan loss reserves. The higher the ratio, the more stress on the bank.
To see MSNBC's list of troubled banks, click here
