Illinois Banks Improve but Weakest Are Vulnerable

The holding company in March repaid $196 million in TARP money, without raising any additional capital.

MB Financial's shares closed at $19.35 Friday, returning 13% year-to-date, following a 1% decline in 2011.

The shares trade for 1.3 time tangible book value and for 11 times the consensus 2013 EPS estimate of $1.77. The consensus EPS estimate for 2012 is $1.53.

Interested in more on MB Financial? See TheStreet Ratings' report card for this stock.

Strongest Illinois Banks and Thrifts

Based on fourth-quarter financial reports, 64 Illinois institutions were assigned "recommended" ratings of B-plus or above by Weiss Ratings:

The list is sorted by rating, and then alphabetically by institution name.

All of the Illinois banks and thrifts on Weiss's recommended list were strongly capitalized as of March 31, with total risk-based capital ratios exceeding 12.5% and 39 had total risk-based capital ratios exceeding 20% or twice the level most institutions need to be considered well-capitalized by regulators.

More than two thirds of the recommended Illinois institutions had fourth-quarter returns on average assets exceeding 1%.

Thorough Bank Failure Coverage

Since the current wave of bank and thrift closures began in 2008, Illinois has seen 50 institutions closed by regulators, trailing only Georgia, which has had 78 failures and Florida, which has had 61 bank and thrift closures.

All U.S. bank and thrift closures since the beginning of 2008 are detailed in TheStreet's interactive bank failure map:

The bank failure map is color-coded, with the states having the greatest number of failures highlighted in dark gray, and states with no failures in light green. By moving your mouse over a state you can see its combined 2008-2011 totals. Then click the state to open a detailed map pinpointing the locations and providing additional information for each bank failure.

-- Written by Philip van Doorn in Jupiter, Fla.

To contact the writer, click here: Philip van Doorn.

To follow the writer on Twitter, go to http://twitter.com/PhilipvanDoorn.

Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for TheStreet.com Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.

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