Click each to enlarge.
Losses from 2012 payoffs remain as yet unconcluded at the FDIC website. These things do take time.
"Payoffs" involve those relatively few institutions for which no one could be found to Purchase and Assume the failed bank. Typically depositors with funds in excess of FDIC limits are still made good in P&As, but not in Payoffs.
By way of contrast, bank failures have cost industry far more directly than customers directly during the late financial crisis. Uninsured depositors may have lost nearly $4 billion, but the Deposit Insurance Fund of the FDIC, paid into by every member bank, has had to shell out $87 billion from 2007. Just think what you'd have been hearing in the US if that sum had been sought from the uninsured depositors, who with $4.7 trillion today certainly have pockets deep enough! America actually treats its depositors, both insured and uninsured, far more fairly than in the EU, which is one important reason why the euro is doomed and net foreign investment in the US is gaining.
Uninsured deposits in little Cyprus are going to get hit to the tune of $6.5 billion to shore up its banks, which in turn are in trouble only because they held the bonds of Greece, on which the infamous Troika -- the European Central Bank, the European Union and the International Monetary Fund -- demanded haircuts in excess of 50% for the bailout of Greece. The Troika is actually directly responsible for causing the problem in Cyprus which the Troika now demands Cyprus depositors pay for. No wonder the European periphery hates the center.
Expect capital flight from Europe to accelerate to the US.
