Reitz: Iowa Banks OK Compared to National
Bookmark & ShareMay 26, 2008
Source: Chicago Tribune
Unrest in the nation's housing industry is having an impact on Iowa banks, which saw a surge in the number of problem loans last year. But despite the downturn, Iowa banks are doing well compared to the national average, according to calculations by TOM REITZ, an associate professor of finance at the University of Iowa. Under Reitz's calculations, Iowa-chartered banks had on average 1.07 percent of their loans of all types noncurrent. Nationally that figure was 1.39 percent of all loans.
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