by Mike Klaczynski February 7th, 2013
The rate of failure for Federal Deposit Insurance Corporation-insured U.S. banks continued to drop in 2012 from its 2010 peak of 2.09 percent. The failure rate was .71 percent in 2012, down from 1.24 percent in 2011. Bank failures eased sharply in 2012 in Washington, to zero, compared to a failure rate in 2011 that was fourth highest in the nation, 4.17 percent; and a rate of 13.92 percent in 2010 that was second highest nationally, after Puerto Rico. These and other data points can be found in the following data visualizations for U.S. states and the nation, based on FDIC open data from 2000 to 2012. To explore: hover your mouse over map dots and dot clusters, graph points, bar tips, and bank names, and use the vertical slider. Following the first, three-part viz is another, which reveals ranked bank failure rates by state each year. There were no recorded bank failures for the years 2005 and 2006.
In this second part of the viz, the map gives average annual bank failure rates for U.S. states. You can scroll down to the chart and mouse over the colored squares for more info. To arrange the states in ranked order of bank failure rates, mouse over the year and click on the small box which contains blue horizontal bars and a downward arrow. Make sure to use the vertical scroll tool on the right to get a full view of the rankings, from top to bottom.