The FDIC put out its latest quarterly update today. A couple striking facts:
There are 829 "problem banks" in the U.S., the most since 1993, according to the FDIC. (They don't say which banks are on the list.) Forty-five insured institutions failed between April and June.
American banks made $21.6 billion in profits in the second quarter this year -- the most since late 2007, and way up from losses of $4.4 billion a year ago.
The dollar amount of overdue loans fell for the first time since early 2006. (The decline was really small -- 0.6 percent. But still.)
An inside look: Last year, Planet Money’s Chana Joffe-Walt told the story of what happens when the FDIC takes over a failed bank. Earlier this year, we revisited the bank, the FDIC guy, and the bank workers a year after the closing.