Yes this one is late. This week's failure was First American State Bank of Minnesota with an estimated FDIC cost of $3.1 million.

But that's not the real story on bank failures. CBS Market Watch is reporting 200 or more banks are expected to fail this year.

The continuing fallout from bad loans made in good years means even more U.S. banks will fail in 2010 than 2009, despite a recovering economy.

That's the prediction of bank analysts who see as many as 200 institutions closing this year, at a potential cost of more than $50 billion to taxpayers, as risky loans approved in 2006 and 2007 take their toll.

There were 140 bank failures in 2009, the cost was $36.5 billion or so.

Even worse, they are not expecting this to be over until 2013.

Recall the FDIC picked up $45 billion in demanding banks prepay their fees up to 2012. If these failure estimates are right, this year alone with use up all of those funds.

In August 2008, the number of FDIC insured banks in the U.S. was 8,430. 25 bank failures happened in 2008. So far, if this 2010 estimate is correct, we're looking at a 4.4% overall failure rate by the end of 2010.

Calculated Risk is maintaining an unofficial problem bank list with weekly updates.