Bank CRE credit
1.53% of bank commercial real estate loans were delinquent in Q2 2026, on the Federal Reserve's seasonally adjusted numbers for all U.S. commercial banks. By loan type, FDIC call reports show nonresidential CRE at 1.23% noncurrent, multifamily at 1.09% and construction at 0.98%.
Delinquency and charge-offs, last eight quarters
| Quarter | Delinquency rate | Net charge-off rate |
|---|---|---|
| Q2 2026 | 1.53% | 0.14% |
| Q1 2026 | 1.56% | 0.17% |
| Q4 2025 | 1.58% | 0.14% |
| Q3 2025 | 1.57% | 0.18% |
| Q2 2025 | 1.57% | 0.18% |
| Q1 2025 | 1.57% | 0.22% |
| Q4 2024 | 1.56% | 0.26% |
| Q3 2024 | 1.51% | 0.25% |
Delinquent here means 30 days or more past due, or on nonaccrual. The Fed publishes each quarter about eight weeks after it ends, so the Q2 2026 figure is the latest until the next release.
Noncurrent loans by type
| Quarter end | Nonresidential CRE | Multifamily | Construction and land | Banks reporting |
|---|---|---|---|---|
| Q2 2026 | 1.23% | 1.09% | 0.98% | 4,313 |
| Q1 2026 | 1.29% | 1.07% | 0.92% | 4,353 |
| Q4 2025 | 1.29% | 1.04% | 0.91% | 4,411 |
| Q3 2025 | 1.32% | 1.09% | 0.89% | 4,452 |
| Q2 2025 | 1.37% | 1.04% | 0.83% | 4,494 |
Nonresidential CRE (office, retail, industrial and the rest) fell from 1.37% at Q2 2025 to 1.23%; multifamily rose from 1.04% to 1.09% and construction and land rose from 0.83% to 0.98%. Banks held about $3.08 trillion of these three loan types at Q2 2026.
The two measures aren't the same thing. The Fed's delinquency rate starts at 30 days past due and is seasonally adjusted; the FDIC noncurrent figure starts at 90 days and is raw. Neither one is comparable to the CMBS delinquency rates on the CMBS page, which cover a different pool of loans.
Refinancing a bank loan?
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