The number of banks in Massachusetts fell from 175 in 2008 to 166 as of the second quarter, and the total assets of those banks fell from $268.6 billion to $258 billion, according to the Federal Deposit Insurance Corp’s quarterly state profile.
Total bank assets, while below 2008’s levels, have been on the rise lately and reached a recent low of $248.5 billion in the second quarter of 2009.
Although the number of banks in the state has been falling, Massachusetts adds about 2 new banks per quarter.
Past-due loans were about 2.2 percent of banks’ median income during the quarter and have been hovering in that range for about a year.
The report also includes general data that indicates that the number of permits filed for single-family homes increased 44 percent in the second quarter compared to the first quarter. The number of permits for multi-family homes increased by 172 percent after a long string of severe declines, including an 86 percent drop between the first and second quarters of 2009.
