"The declining number of failures is reflective of an improving trend in the banking system over the last few years," said Chris Newbury, associate director of the insurance and research division at the FDIC. "We have a generally profitable industry. They improved significantly in the period immediately after the financial crisis."
"Even though the economy is a little bit sluggish, we do have positive growth and have for a few years now," Mr. Newbury said. "That's better than no growth."