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. |
