St. Louis banks

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Twenty of 24 banks chartered here and trackef quarterly by the Business Journal own more real estates as a result of foreclosures than they did ayear ago, the most recentf filings show. Collectively through the first quarter, the 24 bankw recorded $139.4 million in foreclosed real classifiedas “other real estate owned,” up from $94.2 million a year earlier — an increasde of 48 percent. In seven banks reported that more than 3 percent of theirt total loansare noncurrent, or nonperforming, whicnh is considered poor. Once a loan is nonperforminb — 90 days or more past due — a bank can no longee recognize itsinterest income.
Last year in the same ended March 31, only two of the 24 banksx reported more than 3 percent innonperformintg loans. The seven banks are , 3.08 percent; , 3.17 & Trust, 3.30 percent; , 3.37 percent; , 3.41 PrivateBank, 4.26 percent; and , with a whopping 10.42