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Bank earnings fell by 2% in the first quarter, mostly due to higher loan loss provisions because of troubles in the energy sector. But there were other alarming signs and some positive ones in the FDIC's Quarterly Banking Profile report. Following are the most significant:
The overall picture for noncurrent loans was worrying, as they rose by $3.3 billion during the first quarter, the first quarterly increase in two years. But the lion's share of that was due to noncurrent commercial and industrial loans, which rose by $9.3 billion, the largest quarterly increase in such loans in 29 years.