According to the Federal Deposit Insurance Corporation, fewer banks were at risk for failure in the second quarter. This marks the first time the number of institution’s on the FDIC’s endangered banks list has fallen since 2006, and is a sign that the finance industry is stabilizing.

The New York Times reports 865 banks remain on the list, while 23 institutions that were previously on the list managed to make enough reforms to work their way off of it.

More good news from the FDIC: The 48 bank failures in the first half of 2011 were a far cry from the 86 banks that took dives in the same period last year. The industry raked in $28.8 billion in the second quarter, marking two straight years of increased quarterly earnings.

So at least you know your overdraft fees and late mortgage payment penalties are stacking in higher piles.

Fewer Banks In the U.S. Considered To Be at Risk [The New York Times]

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