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Undercapitalized Banks - 2010 Bank Watch List

Most banks and thrifts need to maintain Tier 1 leverage, Tier 1 risk-based and total risk-based capital ratios of at least 5%, 6% and 10% respectively to be considered "well-capitalized" under regulatory guidelines. Some trust banks carry lower capital requirements. The ratios need to be at least 4%, 4% and 8% respectively for most to be considered "adequately capitalized".

Here's the entire list of undercapitalized banks, based on preliminary March 31 regulatory filings. The list is likely to grow once a complete set of data for the industry becomes available. Please note the list doesn't reflect any capital raised by bank institutions during the second quarter of 2010. The list is sorted by state, and then by asset size. You can sort the list by clicking on any of the column headings.

By Philip van Doorn


*Click on Column Heads to Sort
Bank or S&L City State Total Assets Third Qtr. 2010 Net Income Tier 1 Leverage Ratio Tier 1 Risk-based Capital Ratio Total Risk-based Capital Ratio % NPA
Nexity Bank Birmingham Ala. $913 -$3.2 2.48 4.14 5.45 15.44
First National Bank of Baldwin County Foley Ala. $263 -$0.7 4.21 5.93 7.20 5.54
CrediCard National Bank Tucson Ariz. $2 $0.0 -8.18 -18.44 -18.44 3.81
Copper Star Bank Scottsdale Ariz. $204 -$10.1 -1.17 -1.49 -1.49 26.48
Sunrise Bank of Arizona Phoenix Ariz. $397 -$7.5 2.03 2.70 4.01 17.59
Legacy Bank Scottsdale Ariz. $151 -$0.7 2.02 2.73 4.01 14.42
Central Arizona Bank Casa Grande Ariz. $73 -$1.4 2.19 2.81 4.10 9.62
Summit Bank Prescott Ariz. $87 -$1.6 4.10 5.28 6.56 8.08
Western National Bank Phoenix Ariz. $218 -$1.6 4.60 5.59 6.89 11.58
Western Commercial Bank Woodland Hills Calif. $99 -$7.8 -3.34 -4.44 -4.44 7.50
First Vietnamese American Bank Westminster Calif. $48 -$0.8 1.15 1.57 2.83 10.95
Canyon National Bank Palm Springs Calif. $221 -$3.9 2.25 2.92 4.22 21.83
Charter Oak Bank Napa Calif. $136 -$1.7 3.35 3.79 5.05 7.27
Palm Desert National Bank Palm Desert Calif. $260 -$1.5 2.51 4.30 5.59 18.63
FirsTier Bank Broomfield Colo. $782 -$16.3 1.24 1.59 2.90 24.72
Community Banks of Colorado Greenwood Village Colo. $1,654 -$30.4 4.88 6.25 7.55 11.71
First Bank of Greenwich Cos Cob Conn. $51 -$0.9 3.98 5.43 6.69 2.77
First Commercial Bank of Florida Orlando Fla. $599 -$15.8 -1.60 -2.13 -2.13 21.80
Gulf State Community Bank Carrabelle Fla. $112 -$1.5 -0.53 -0.72 -0.72 22.97
Bank of Miami, NA Coral Gables Fla. $448 -$11.0 1.72 2.31 3.61 17.43
LandMark Bank of Florida Sarasota Fla. $299 -$0.1 2.89 3.61 6.09 9.12
Old Harbor Bank Clearwater Fla. $226 -$0.4 3.23 4.24 5.52 4.49
Sunshine State Community Bank Port Orange Fla. $141 -$1.0 2.83 4.29 5.57 16.44
Bank of Commerce Sarasota Fla. $320 -$2.0 3.40 4.47 7.87 10.39
First City Bank of Florida Fort Walton Beach Fla. $290 -$0.5 3.09 4.51 5.79 16.50
First Commercial Bank of Tampa Bay Tampa Fla. $111 -$7.0 3.26 4.64 5.96 15.52
First Guaranty B&TC Jacksonville Fla. $434 -$5.8 3.62 4.87 6.16 20.62
SouthShore Community Bank Apollo Beach Fla. $46 -$0.4 4.01 5.05 6.31 9.26
Sunrise Bank Cocoa Beach Fla. $119 -$0.1 3.66 5.19 6.47 8.29
First National Bank of Central Florida Winter Park Fla. $398 -$7.3 3.99 5.35 6.65 19.42
Putnam State Bank Palatka Fla. $185 -$1.7 4.09 5.43 6.73 18.27
First Peoples Bank Port Saint Lucie Fla. $241 -$1.3 3.93 5.77 7.05 7.83
First National Bank of Florida Milton Fla. $321 -$2.9 4.77 6.07 7.35 31.34
OptimumBank Fort Lauderdale Fla. $203 -$1.5 4.41 6.25 7.51 16.55
United Americas Bank, NA Atlanta Ga. $242 -$15.2 -0.81 -1.13 -1.13 25.61
Chestatee State Bank Dawsonville Ga. $244 -$7.0 0.85 1.03 2.07 23.91
Oglethorpe Bank Brunswick Ga. $231 -$3.7 1.03 1.40 2.68 18.35
Tifton Banking Company Tifton Ga. $144 -$1.6 1.08 1.62 2.94 18.66
Enterprise Banking Company McDonough Ga. $101 -$3.8 1.37 1.80 3.06 25.88
Montgomery Bank & Trust Ailey Ga. $219 -$0.9 1.32 1.82 3.09 26.71
Darby Bank & Trust Company Vidalia Ga. $655 -$4.9 1.20 1.91 3.18 14.11
American Trust Bank Roswell Ga. $249 -$0.4 2.23 2.93 4.19 23.59
Habersham Bank Clarkesville Ga. $396 -$1.4 2.28 3.20 4.46 25.28
North Georgia Bank Watkinsville Ga. $166 -$1.7 2.20 3.23 4.48 25.28
McIntosh State Bank Jackson Ga. $349 -$1.6 2.40 3.48 4.76 22.93
Bartow County Bank Cartersville Ga. $357 -$2.4 2.45 3.64 4.90 14.87
First State Bank Stockbridge Ga. $563 -$2.3 3.13 3.70 4.95 30.03
Citizens Bank of Effingham Springfield Ga. $221 -$2.5 2.94 3.77 5.03 18.48
Decatur First Bank Decatur Ga. $211 -$1.0 2.48 3.81 5.00 11.02
New Horizons Bank East Ellijay Ga. $119 -$2.5 2.94 3.98 5.24 14.06
Atlantic Southern Bank Macon Ga. $853 -$3.6 3.14 4.02 5.49 17.61
First National Bank of Chatsworth Chatsworth Ga. $128 -$3.3 3.01 4.27 5.55 13.28
Gwinnett Community Bank Duluth Ga. $501 -$1.4 3.10 4.33 5.59 15.28
Community Bank of Rockmart Rockmart Ga. $66 -$1.1 2.99 4.34 5.61 14.18
First Choice Community Bank Dallas Ga. $342 $0.0 3.83 4.39 5.65 15.72
Georgia Trust Bank Buford Ga. $149 -$3.0 3.13 4.48 5.76 15.02
Farmers & Merchants Bank Lakeland Ga. $606 -$6.8 3.22 4.53 5.94 12.11
Patriot Bank of Georgia Cumming Ga. $166 -$2.3 3.69 4.59 5.85 21.55
PlantersFirst Cordele Ga. $312 $1.2 3.55 4.62 5.91 11.99
Park Avenue Bank Valdosta Ga. $1,044 -$4.1 2.90 4.64 5.92 20.84
First Georgia Banking Company Franklin Ga. $802 -$3.3 3.19 4.67 5.94 8.50
Mountain Heritage Bank Clayton Ga. $116 -$0.2 3.27 4.89 6.15 20.28
Sunrise Bank Valdosta Ga. $121 -$5.4 3.16 4.91 6.21 13.75
Capitol City Bank & Trust Co. Atlanta Ga. $305 $0.6 4.27 5.13 6.39 12.80
Northside Bank Adairsville Ga. $131 $0.9 4.04 5.36 6.59 10.47
High Trust Bank Stockbridge Ga. $199 -$1.3 4.69 5.44 6.71 22.74
Peoples Bank & Trust Buford Ga. $348 -$0.9 3.97 5.50 6.75 11.96
Douglas County Bank Douglasville Ga. $336 -$5.2 4.61 5.73 6.98 31.05
Security Exchange Bank Marietta Ga. $178 -$0.8 4.49 5.98 7.25 31.93
Patterson Bank Patterson Ga. $153 -$1.5 4.71 6.03 7.31 14.74
Covenant Bank & Trust Rock Spring Ga. $108 -$0.3 4.99 6.18 7.43 8.32
First Cherokee State Bank Woodstock Ga. $249 -$0.9 4.80 6.39 7.66 19.97
Community Capital Bank Jonesboro Ga. $198 -$1.6 4.76 6.45 7.70 13.78
First Citizens Bank of Georgia Dawsonville Ga. $118 -$0.9 5.20 6.45 7.70 13.31
Heritage Bank Jonesboro Ga. $409 -$0.1 4.84 6.48 7.75 11.89
CreekSide Bank Woodstock Ga. $109 -$1.9 4.77 6.68 7.94 21.80
State Central Bank Keokuk Iowa $240 -$0.1 3.40 4.59 5.88 10.52
Polk County Bank Johnston Iowa $110 -$0.7 3.97 5.85 7.12 15.26
First Bank West Des Moines Iowa $110 $0.3 4.20 6.17 7.46 9.30
Idaho First Bank McCall Idaho $85 -$0.2 2.91 4.19 5.45 3.69
Idaho Banking Company Boise Idaho $195 -$0.5 5.58 6.55 7.86 16.64
Community First Bank- Chicago Chicago Ill. $57 -$0.6 2.76 3.49 4.78 14.50
Valley Community Bank Saint Charles Ill. $135 -$0.7 3.00 4.20 5.48 21.00
Bank of Commerce Wood Dale Ill. $174 -$0.6 3.64 4.57 5.86 22.99
All American Bank Des Plaines Ill. $34 -$0.4 3.78 4.72 6.10 20.58
Western Springs National B&T Western Springs Ill. $196 -$0.8 4.03 5.02 6.30 21.36
Downers Grove National Bank Downers Grove Ill. $232 -$3.7 3.35 5.23 6.52 11.55
First Choice Bank Geneva Ill. $193 -$0.8 4.29 5.38 6.62 13.18
Bank of Shorewood Shorewood Ill. $120 -$0.1 4.19 5.53 6.82 8.33
Midwest Community Bank Plainville Kan. $99 -$0.2 2.86 4.34 5.64 4.87
First State Bank of Burlingame Burlingame Kan. $29 $0.0 3.21 4.88 6.16 1.54
Alliant Bank Sedgwick Kan. $14 -$0.4 3.68 6.00 7.27 4.58
First National Bank of Olathe Olathe Kan. $636 $1.6 3.88 6.64 7.95 29.94
Citizens Commerce National Bank Versailles Ken. $298 -$0.2 3.50 5.30 6.58 14.20
Stoneham Savings Bank Stoneham Mass. $388 -$2.6 4.47 6.53 7.53 5.51
K Bank Owings Mills Md. $538 -$6.4 1.02 1.53 2.81 17.60
HarVest Bank of Maryland Gaithersburg Md. $172 -$8.8 4.00 6.13 7.39 14.59
Paramount Bank Farmington Hills Mich. $253 -$5.7 0.98 1.24 2.49 8.99
Peoples State Bank Hamtramck Mich. $430 -$8.4 1.78 2.42 3.71 11.48
Clarkston State Bank Clarkston Mich. $102 -$0.6 2.11 2.47 3.74 7.10
Michigan Commerce Bank Ann Arbor Mich. $1,030 -$11.4 2.46 3.19 4.50 13.99
Community Central Bank Mount Clemens Mich. $516 -$4.9 2.56 3.53 4.83 9.32
Oxford Bank Oxford Mich. $297 -$0.6 2.52 3.63 4.93 9.08
First National Bank in Howell Howell Mich. $309 -$0.7 3.90 4.75 6.05 11.78
Fidelity Bank Dearborn Mich. $915 $0.8 4.20 5.00 6.28 10.64
Monarch Community Bank Coldwater Mich. $259 -$2.5 4.36 5.84 7.14 10.53
First Resource Bank Savage Minn. $17 -$0.1 2.47 2.95 4.22 10.74
Americana Community Bank Sleepy Eye Minn. $162 -$0.6 2.28 2.96 4.26 9.19
Lake Country Community Bank Morristown Minn. $35 -$0.2 3.66 5.12 6.31 6.22
Rosemount National Bank Rosemount Minn. $36 -$0.5 3.37 5.19 6.46 10.15
RiverBank Wyoming Minn. $457 -$1.5 4.86 6.19 7.47 18.52
Northern Star Bank Mankato Minn. $41 -$1.1 5.22 6.50 7.78 6.35
1st Advantage Bank Saint Peters Mo. $99 -$0.3 4.76 6.12 7.40 12.36
Heritage Banking Group Carthage Miss. $224 -$4.8 3.46 4.38 5.62 11.09
Bank of Asheville Asheville N.C. $195 -$4.6 0.65 0.82 1.63 16.99
CommunityONE Bank, NA Asheboro N.C. $2,006 -$54.6 2.90 3.84 5.90 16.96
Cornerstone Bank Wilson N.C. $169 -$4.8 2.70 3.87 5.15 9.40
Bank of Granite Granite Falls N.C. $947 -$4.3 2.80 4.34 5.63 9.67
Pisgah Community Bank Asheville N.C. $53 -$0.9 2.66 4.76 6.04 11.37
First Community Bank Taos N.M. $2,313 -$22.7 1.73 2.68 4.01 13.65
Sunrise Bank of Albuquerque Albuquerque N.M. $76 -$0.9 2.53 3.43 4.70 11.82
Bank of Las Vegas Las Vegas Nev. $459 -$10.9 2.09 2.97 4.28 18.69
1st Commerce Bank North Las Vegas Nev. $44 -$1.8 3.06 5.00 6.27 15.64
Nevada Commerce Bank Las Vegas Nev. $167 -$0.6 3.32 5.02 6.31 19.79
Albina Community Bank Portland Ore. $161 -$1.5 3.25 4.23 5.49 8.67
Bank of the Cascades Bend Ore. $1,827 -$2.4 3.91 5.24 6.53 7.02
Pacific West Bank West Linn Ore. $67 -$1.1 4.69 6.00 7.26 8.04
MBank Gresham Ore. $213 -$0.2 4.65 6.18 7.46 15.50
Allegiance Bank of NA Bala Cynwyd Penn. $107 -$1.9 1.15 1.86 3.12 7.39
Earthstar Bank Southampton Penn. $113 -$0.6 1.91 2.84 4.06 8.17
Nova Bank Berwyn Penn. $636 -$8.6 3.50 4.84 6.10 3.85
CommunitySouth Bank & Trust Easley S.C. $441 -$4.6 1.07 2.18 3.47 9.68
Palmetto Bank Greenville S.C. $1,380 -$13.0 3.09 4.44 5.72 8.21
First Midwest Bank Centerville S.D. $113 -$2.4 3.05 4.32 5.61 9.41
First State Bank of Warner Warner S.D. $47 -$0.3 5.00 6.43 7.68 0.84
American Patriot Bank Greeneville Tenn. $104 $0.0 3.63 4.70 5.78 20.68
BankEast Knoxville Tenn. $287 $0.2 4.86 5.50 6.76 6.34
Prosper Bank Prosper Texas $70 -$0.2 3.56 4.69 5.96 6.40
Treaty Oak Bank Austin Texas $111 -$0.6 3.82 5.17 6.42 12.35
Virginia Business Bank Richmond Va. $129 -$2.8 2.75 4.48 7.14 7.61
First State Bank Danville Va. $36 -$0.1 4.00 6.12 7.39 5.09
Bank of Virginia Midlothian Va. $219 -$4.9 4.84 6.39 7.60 3.65
AmericanWest Bank Spokane Wash. $1,534 -$5.3 2.21 2.76 4.04 8.62
Pierce Commercial Bank Tacoma Wash. $221 -$3.4 1.97 2.79 4.13 6.47
First Sound Bank Seattle Wash. $154 -$1.2 3.04 3.57 4.86 18.54
Seattle Bank Seattle Wash. $483 -$6.0 2.86 4.30 5.56 14.49
First Heritage Bank Snohomish Wash. $197 -$3.1 3.02 4.49 5.78 17.22
Business Bank Burlington Wash. $87 -$1.8 4.13 5.16 6.47 13.90
Bank of Whitman Colfax Wash. $722 -$10.1 4.19 5.74 7.03 8.54
Regal Financial Bank Seattle Wash. $125 -$0.8 4.55 6.05 7.34 12.94
Evergreen State Bank Stoughton Wis. $246 -$8.9 0.88 1.26 2.51 8.36
First Banking Center Burlington Wis. $751 -$5.5 1.60 2.42 3.74 13.63
Legacy Bank Milwaukee Wis. $205 -$2.7 2.20 2.95 4.34 19.89
Badger State Bank Cassville Wis. $87 -$0.1 2.81 3.86 5.13 6.54
Community Bank of Central Wisconsin Colby Wis. $123 -$2.1 3.32 4.50 5.82 8.96
 
NPA - Nonperforming Assets - Loans past due 90 days or in nonaccrual status, plus repossessed real estate.
Source: Preliminary September 30, 2010 regulatory filings, provided by SNL Financial on November 4, 2010.
Data is subject to correction or revision by reporting institutions.




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