Is your bank safe?

More banks are in trouble according to the FDIC. Is your bank next on the list? Here's what to look out for.

1) Get the numbers
The FDIC reported that the number of banks on the “problem bank” list grew to 117 during the second quarter. That’s the highest level since the middle of 2003. There were 90 banks on the problem list in the first quarter of this year. The FDIC chairman also said that list is going to grow. In fact, analysts say that there could be up to 150 bank failures on the horizon. But keep in mind that banks included on the problem list are considered the most likely institutions to fail, although few institutions actually reach that point – just 13 percent of banks on the FDIC's problem list have failed on average.

2) Gauge the risk
Generally small and mid-size banks are more at risk...that's because it may not be able to raise enough money if it's in trouble. If you're looking to park your money somewhere safe, go with larger, more familiar banks. The FDIC doesn't release the names of banks that are in trouble, but you can check the health of your own bank. Check out bankrate.com. This site has a Safe & Sound rating system that can help you get a picture of your bank's health.

3) Know the signs
Pay attention to massive job layoffs or cutback in services at your bank. If your bank doesn't accept new loans submissions that's a red flag. And if you start to see generous CD yields advertised, that could be a sign that the bank is in trouble. That's because banks are trying to entice people to keep their money at the bank. As we've been reporting, if you are within the limits of FDIC-insurance coverage with an FDIC-insured bank, you shouldn't panic. The worst move you could make is pulling your money out of a regulated institution and holding the cash yourself.

For more of Gerri's Top Tips, watch CNN weekdays at 10:15 am Eastern Time.