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Bankers' State of Mind

Listing of states with the worst and best nonperforming loans.
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Is your lender in a foul mood? Don't take it personally. It could be that the bank's portfolio has been sinking into quicksand. We took a look at all nonperforming loans (generally defined as loans that are 90 days or more past due and/or those that are not accruing interest). We included real estate, commercial, and personal loans, on the theory that bad loans, whatever the type, can color a banker's vision. Here are the states with the worst and best records as of the end of 1990.

* * *


Nonperforming loans As % of % change
Sitting Pretty gross loans from 12/31/89
1. Hawaii 0.5% 2%

2. Idaho 0.9 11

3. Iowa 1.1 (7)

4. Nebraska 1.2 (5)

5. Alabama 1.3 20

6. Michigan 1.4 35

7. Wisconsin 1.4 32

8. Washington 1.6 0

9. South Carolina 1.6 74

10. North Dakota 1.7 (13)

* * *

In the Dumps
1. Connecticut 10.4% 57%

2. D.C. 8.6 502

3. Massachusetts 8.0 42

4. Rhode Island 7.1 145

5. New York 6.6 23

6. New Jersey 6.3 101

7. New Hampshire 5.0 36

8. Arizona 4.6 (17)

9. Louisiana 4.3 13

10. Maine 4.3 61

Source: Sheshunoff Information Services, Austin, 1991.

Last updated: Aug 1, 1991




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