These Florida Banks Could Be in Danger

After Monday's market close, the holding company announced it would terminate a previous rights offering, and make a public offering of common shares in an effort to raise capital.

According to the earnings press release, nonperforming assets comprised 10.78% of total assets on the holding company level. While there was some further detail in the holding company's press release, we'll save further comments for when the S&Ls' complete second-quarter results are available.

Ratings more important than ever

TheStreet.com Ratings issues financial strength ratings on each of the nation's 8,600 banks and savings and loans which are available at no charge on the Banks & Thrifts Screener. In addition, the Financial Strength Ratings for 4,000 life, health, annuity, and property/casualty insurers are available on the Insurers & HMOs Screener.