This story originally posted on RealMoney.com on Tuesday, March 31. For more information about subscribing to RealMoney , please click here.
The ranks of undercapitalized banks continue to grow.
The full set of finalized regulatory data for the fourth quarter is available for all U.S. banks and savings and loans, and TheStreet.com Ratings has updated its list of undercapitalized institutions. Since our preliminary lists of undercapitalized banks and thrifts were published on Feb. 20, five more banks filed finalized call reports showing they were undercapitalized as of Dec. 31.
One bank has been removed from the list. Finalized call report numbers for Warren Bank of Warren, Mich. include a total risk-based capital ratio of 8.04% as of Dec. 31, putting the institution into the adequately capitalized category.Under normal regulatory capital guidelines, a bank or thrift needs to have a tier-1 leverage ratio of at least 5%, a tier-1 risk-based capital ratio of at least 6% and a total risk-based capital ratio of at least 10%. To be considered adequately capitalized, these ratios need to be 4%, 4% and 8%.