This is the best summary I could come up with:

Those losses have been sparked primarily by a surge in interest rates over the past two years, which have driven down the price of fixed-income securities held by banks.

Mortgage rates have been on the rise since the start of the year, with the 30-year fixed mortgage rate rising from about 6.6% in early January to just over 7% today, according to data from Freddie Mac.

"This is the ninth straight quarter of unusually high unrealized losses since the Federal Reserve began to raise interest rates in the first quarter 2022," the FDIC said.

The CAMELS rating measures the financial strength of a bank through six categories, including capital adequacy, assets, management capability, earnings, liquidity, and sensitivity.

The rating system ranges from one through five, with one representing a high-quality bank requiring the least degree of concern, and five representing the weakest performance and requiring the highest degree of supervisory concern.

While there has been an increase in problem banks due to higher interest rates, it shouldn't be a cause for concern just yet.

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