Data from the Federal Deposit Insurance Corporation indicate that 25 federally insured institutions failed during 2008 -- soaring from just three institutions the prior year.

In addition to the failed banks already covered by MortgageDaily.com, the FDIC reported that Hume Bank, in Hume Mo., and Douglass National Bank, in Kansas City, Mo., were taken over by the government last year. In 2007, Miami Valley Bank in Lakeview, Ohio, and Metropolitan Savings Bank were among the casualties.

FDIC's data reflected no bank failures in 2005 or 2006. The following table summarizes the number of bank failures so far this decade.

Among 2004's four failures were Bank of Ephraim, in Ephraim, Utah; Reliance Bank, in White Plains, N.Y.; Guaranty National Bank of Tallahassee in Florida; and Dollar Savings Bank in Newark, N.J.

Three banks taken over by the FDIC in 2003 included Pulaski Savings Bank in Philadelphia; The First National Bank of Blanchardville in Wisconsin; and Southern Pacific Bank out of Torrance, Calif.

A surge in 2002 casualties included the following 11 institutions.

In 2001, The Malta National Bank, in Malta, Ohio, and First Alliance Bank & Trust Co. in Manchester, N.H., were among the four banks taken over by the FDIC. The two banks to fail in 2000 were National State Bank of Metropolis, in Metropolis, Ill., and Bank of Honolulu in Hawaii.

A rising number of credit unions have also been failing, with 14 failures reported last year by the National Credit Union Administration -- double 2007's level. In addition to failed credit unions reported by MortgageDaily.com, the NCUA indicated the following credit union failed last year.

NCUA reported that seven credit unions shut down in 2007.

In 2006, NCUA announced the closures of nine credit unions.