Only $9.6 billion in Troubled Asset Relief Program (TARP) capital remains invested in banks via the Capital Purchase Program, analysts with Keefe, Bruyette & Woods said.
That number indicates that most of the Treasury cash infusions and capital purchases made at numerous banks after the 2008 financial crash have been recovered in the form of dividends, interest and warrant dispositions.
Initially, the Treasury invested $204.9 billion in 707 banks via its capital purchase program, which included the acquisition of mortgage securities.
KBW released its latest TARP tracker report this week, noting the Treasury finalized a fourth public auction of $324 million in TARP CPP investments in 12 banks, including EXSR, Fidelity Financial Corp., Trinity Capital Corp., MNAT, CBS Banc-Corp., Park Bancorporation, PFBI, FCMP, Diamond Bancorp, First Western Financial, Commonwealth Bancshares and Market Street Bancshares.
Proceeds from the sale hit $234 million.
The Treasury also completed its fifth public auction of $85 million in TARP investments in BNC Bancorp, First National Corp., Guaranty Federal Bancshares, First Community and Mackinac Financial Corp. Total proceeds from that sale hit $62 million. The Guaranty Federal Bancshares investmenst sale was cancelled due to insufficient bids.
Patterson Bancshares also made a partial repayment to the Treasury of $250,000, and two firms, M&T Bank (MTB) and Southwest Bancorp Inc., fully repaid TARP in the amounts of $382 million and $70 million, respectively.
Through July, the Treasury collected $11.7 billion in capital purchase program dividends as well as interest. It also reported $340 million in missed dividend and interest payments.