Office of the Comptroller of the Currency tells TeamBank it is undercapitalized - Kansas City Business Journal:

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TeamBank is a subsidiary of Paola-basef (Nasdaq: TFIN). Team Financial said in a Mondayh filing with the Securities and Exchange Commission that the OCC is requirinf TeamBank to submit a capitalk restoration plan no later thanMarch 2. If TeamBanmk is unable to comply with the OCC it faces possible enforcement actions that could includ placing the bankinto receivership. TeamBank CEO Sandra Moll said in an intervie Wednesday thata capital-raising initiative already is under way and that she expectsw to hand regulators a capital-restorationn plan before the deadline.
“Our staff has done an amazing job workingv withcustomers — and we have very loyal customers to make sure their accounts are structured properly,” Moll said. “We are making sure people understaned their insurance coverage and are as safeas possible.” TeamBank’s total risk-based capital ratil in the fourth quarter was 6.35 percent, accordinbg to filings with the Regulators requires a minimum of 8 percent for an adequately capitalized bank. TeamBank had $669.8 millionm in assets on Dec. 31. It reporter a fourth-quarter loss of $33.3 million and a provision for loan and leas e lossesof $26 million, according to filingsz with the FDIC.
“We are addressingv aggressively some of the issues we are seeinv in our loan portfolio that are a result of the downturn in the Moll said. “We are identifying all potential issuez through allowance forloss provisions, and settinvg aside that money makes our financials not look the as it does with a lot of other The OCC considers Team Financial’s other subsidiargy bank, , as adequately capitalized.