SNL Financial reported as of October 11, only three of the 22 bank failures thus far in 2013 have involved a loss-share agreement. In 2012, regulators had closed 43 banks as of October 11.

According to SNL, in 2012, the FDIC entered loss-share agreements with the buyers of 20 of the 51 closed banks. In 2011, the FDIC entered loss-share agreements with the buyers of 58 of the 92 closed banks.

The median cost to the deposit insurance fund at the time of announcement as a percentage of the failed banks’ assets was 24% so far in 2013, 21% in 2012 and 23% in 2011.

SNL noted that Edinburg, TX-based First National Bank ($3.09 billion), which was established in 1934, was operating 51 branches when it was closed. It was the largest bank failure since 2010. SNL said First National had lost money for eight consecutive quarters, reducing its Tier 1 risk-based and common ratios to 2.88% each.

Bridgeport, CT-based The Community’s Bank ($26.4 million), which was established in 2001, was the first bank to fail in Connecticut since 2002. The FDIC was unable to find a buyer at the time of failure. The bank also was on the list of undercapitalized banks, in addition to reporting the highest adjusted Texas ratio at June 30. Its tangible equity ratio fell to negative 0.12% as of June 30, down from 6.67% in the year-ago period.