Dramatic Increase In Problem Loans Burdening South Florida-Based Banks, According To New Report

In South Florida, The Miami Herald reports:

• South Florida-based banks are showing signs of economic stress, with the number of problem loans on their books climbing dramatically from December 2006 to December 2007, a new report shows. The increase in past-due loans is a reflection of not only the worsening housing market but also challenges from the economic slowdown as even some solid companies are hard-pressed to keep loan payments up to date, banking analysts say.

For more, see South Florida banks' problem loans rise (South Florida-based banks show signs of stress as they ride out the real estate meltdown with attendant loan difficulties, a new report shows) (if link expires, try here).

Go here for list of South Florida Banks: Loan portfolios, as of Dec. 31, 2007.