Updated with market close information.
NEW YORK (TheStreet) -- There are now 155 undercapitalized institutions on the TheStreet's Bank Watch List, which is two more than last quarter, despite 11 banks being shuttered by regulators in the meantime.
Based on a set of preliminary fourth-quarter regulatory data supplied by HighlineFI for the nation's banks and savings and loan associations -- and factoring-in the 11 bank and thrift failures since TheStreet's final third-quarter Watch List was published on Nov. 16 -- 155 institutions were undercapitalized at year-end, according to the regulatory guidelines that apply to most institutions.
Fourth-quarter data is now available for roughly 90% of U.S. banks and thrifts.Click the link below to see the full list: >>>Bank Watch List It is important to note that any capital raised by institutions during the first quarter of 2012 will not be reflected on the 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% 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% for most to be considered adequately capitalized. One banks on the preliminary fourth-quarter watch list was actually negatively capitalized as of Dec. 30. New City Bank of Chicago's Tier 1 leverage ratio fell to -2.38%, after the bank posted a fourth-quarter net loss of $5.2 million. U.S. Century Bank of Doral, Fla., is the largest institution on the preliminary fourth-quarter watch list, with $1.3 billion in total assets as of Dec. 30. The bank slipped from well capitalized to adequately capitalized in the fourth quarter of 2010, when it posted a $52 million net loss, as it set aside reserves, mainly for nonperforming commercial real estate and development loans, and saw its total risk-based capital ratio fall below 10.00%. The bank slipped to undercapitalized in the third quarter. Total losses for 2011 were $79 million, and the bank's nonperforming assets ratio was a very high 21.58% as of Dec. 30, according to HighlineFI. U.S. Century Bank in June of last year entered into a consent order with state regulators and the Federal Deposit Insurance Corp., agreeing to improve board of directors supervision of the institution, hire qualified new senior officers achieve a Tier 1 leverage ratio of 8% and a total risk-based capital ratio of 12% within 120 days of the order.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV