U.S. regulators seized five small banks on Friday, bringing the total of failed institutions this year to 101.

Bank failures are expected to peak this quarter, with the industry slowly recovering from large portfolios of bad loans, many tied to commercial real estate.

The banks seized on Friday were Sterling Bank of Lantana, Florida; Crescent Bank and Trust Company of Jasper, Georgia; Williamsburg First National Bank of Kingstree, South Carolina; Thunder Bank of Sylvan Grove, Kansas and Community Security Bank, New Prague, Minnesota, according to the Federal Deposit Insurance Corp.

(Reporting by Corbett B. Daly; Editing by Tim Dobbyn)