Check out your bank! FDIC: Institution Directory

FDIC: Institution Directory

Its interesting to take a look at ones banks financial situation… actually quite fascinating. Of course, the difficulty for those of us not in the banking realm is how to interpret the data. Certaining non-performing assets are a key factor, as well as the change in non-performing assets over time.

Lace Financial has a fairly decent page covering the explanations of various terms, as well as ratios to keep an eye on. Granted there is a bit of a learning curve, but hopefully a review of ones banks financials as well as some key ratios can grant a lot of peace of mind… or maybe not. At least with knowledge, one can make an informed decision as to what to do going forward.

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