Looking only at the improvements in the bottom lines of many South Florida banks in the first quarter, it might seem like local banking turned the corner. Yet, the deterioration of loan quality and the lowering of their reserves show a scenario of continuing strain on their finances. (BBX)

 The Small Business Administration approved only 72 America?s Recovery Capital loans in the new emergency bridge loan program?s first week of operation.

 When Dean Bass jumped back into the banking game 12 months ago with the acquisition of a small rural Texas bank, he figured it would take about a year to make some aggressive moves in Houston.

 The latest financial services giant to enter the Houston market has locked up one of the city?s most visible intersections for its first local banking center and is preparing to expand further in the Dallas area.

 Problems, problems everywhere.

 Recovery bonds available The U.S. Treasury Department has allocated $25 billion in Recovery Act Bonds, which can be used for economic development projects in distressed areas. About $410 million is slated for South Florida.

 It took nearly six decades for Associated Credit Union to rack up $100 million in total assets.

 For consumer borrowing, it?s the morning after.

 Now is not an easy time for most businesses in the U.S. We all know that firsthand. But it?s especially true for small businesses.