2009 Q2 Watch List on FDIC Insured Banks at Very High Risk of Failing (Final Update: 8/28/09)

The list of FDIC-insured banks below is generated by our model with the Bankability Composite Score* under 20, indicating their current financial status is at very poor

The data used to generate this list is current as of March 31, 2009.  There are currently 171 banks on this list.  Banks that failed after 2009 Q1 will get noted if they are on this list.

Update (8/4/09): Another list of 769 banks has been generated by our model with the Bankability Composite Score between 20 and 40, for banks with their current financial status labeled as poor.  We will publish that list on a later date but is available upon request for legitimate purposes via "info(at)moneyeconomics(dot)com."

Final Update (8/28/09)
: This list will serve as the archived version and will no longer be updated.  Please consult the 2009 Q3 Watch List on FDIC Insured Banks at Very High Risk of Failing (updated) page for the most current version of this list.


Other items of interest:

FDIC Certificate
Bank Name Asset Concentration Hierarchy Bankability Composite Score Notes
31559 Dwelling House Savings and Loan Association Mortgage Lending Specialization -141.95 Failed on 8/14/09
35461 America West Bank Commercial Lending Specialization -70.44 Failed on 5/1/09
34881 New Frontier Bank Agricultural Specialization -66.30 Failed on 4/10/09
9873 First State Bank of Altus Commercial Lending Specialization -64.44 Failed on 7/31/09
17309 Bank of Lincolnwood Commercial Lending Specialization -57.74 Failed on 6/5/09
22754 Bank of Wyoming  Commercial Lending Specialization -52.98  Failed on 7/10/09
4063 MidFirst Bank Commercial Lending Specialization -52.29  
15302 Rock River Bank Commercial Lending Specialization -49.98 Failed on 7/2/09
11710 The First State Bank of Winchester, Illinois Agricultural Specialization -48.21 Failed on 7/2/09
18659 Mutual Bank  Commercial Lending Specialization -43.75 Failed on 7/31/09
32247 BankUnited, FSB Mortgage Lending Specialization -40.07 Failed on 5/21/09
57083 Plus International Bank Commercial Lending Specialization -33.40  
12093 The John Warner Bank Commercial Lending Specialization -32.48 Failed on 7/2/09
9262 The Elizabeth State Bank Commercial Lending Specialization -31.86 Failed on 7/2/09
35291 Community Bank of Lemont Commercial Lending Specialization -31.51  
22846 Republic Federal Bank, National Association Commercial Lending Specialization -29.53  
31623 Imperial Savings and Loan Association Consumer Lending Specialization  -27.66  
8265 Bank of Leeton Commercial Lending Specialization -25.57  
1252 Barnes Banking Company Commercial Lending Specialization -25.39  
17224 First Security Trust and Savings Bank Commercial Lending Specialization -25.27  
57107 ISN Bank Commercial Lending Specialization -22.83  
57346 Security Bank of Gwinnett County Commercial Lending Specialization -20.69 Failed on 7/24/09
9744 Horizon Bank Commercial Lending Specialization -20.39 Failed on 6/26/09
30329 Home Federal Savings Bank Mortgage Lending Specialization -17.26  
34775 EverBank Mortgage Lending Specialization -16.29  
27364 First State Bank Commercial Lending Specialization -14.04 Failed on 8/7/09
35038 First Dupage Bank Commercial Lending Specialization -13.92  
15794 The First State Bank of Burlingame Commercial Lending Specialization -13.80  
34485 Union Bank, National Association Commercial Lending Specialization -11.15 Failed on 8/14/09
58336 Hillcrest Bank Florida Commercial Lending Specialization -10.81  
57943 American Southern Bank Commercial Lending Specialization -9.50 Failed on 4/24/09
26535 Silverton Bank, National Association Commercial Lending Specialization -9.23 Failed on 5/1/09
4614 The First National Bank of Anthony Commercial Lending Specialization -8.99 Failed on 6/19/09
34658 Citizens Bank and Trust Company of Chicago Commercial Lending Specialization -8.49  
23556 Vineyard Bank, National Association Commercial Lending Specialization -7.27 Failed on 7/17/09
32583 Greater Atlantic Bank Mortgage Lending Specialization -7.09  
57736 Brickwell Community Bank Commercial Lending Specialization -6.27  
57563 Citizens Community Bank Commercial Lending Specialization -5.54 Failed on 5/1/09
57667 Millennium State Bank of Texas Commercial Lending Specialization -5.14 Failed on 7/2/09
35285 Neighborhood Community Bank Commercial Lending Specialization -4.43 Failed on 6/26/09
57702 First Coweta Bank Commercial Lending Specialization -4.07 Failed on 8/21/09
34824 Warren Bank Commercial Lending Specialization -3.86  
22811 Brickyard Bank Commercial Lending Specialization -3.44  
57332 Mirae Bank Commercial Lending Specialization -2.44 Failed on 6/26/09
18390 Founders Bank Commercial Lending Specialization -2.11 Failed on 7/2/09
27076 Wachovia Mortgage, FSB Mortgage Lending Specialization -1.74  
57794 American United Bank Commercial Lending Specialization -1.36  
57105 Security Bank of North Metro Commercial Lending Specialization -1.22 Failed on 7/24/09
34369 Michigan Heritage Bank Commercial Lending Specialization -1.08 Failed on 4/24/09
28312 Bradford Bank Commercial Lending Specialization -0.83 Failed on 8/28/09 
34270 First BankAmericano Commercial Lending Specialization 0.07 Failed on 7/31/09
57525 Riverview Community Bank Commercial Lending Specialization 0.56  
32148 Community Banks of Northern California Commercial Lending Specialization 1.70  
19450 Gateway Bank of St. Louis Commercial Lending Specialization 1.98  
32580 Federal Trust Bank Commercial Lending Specialization 2.27  
27096 The Park Avenue Bank Commercial Lending Specialization 2.33  
27732 Vantus Bank Commercial Lending Specialization 2.70  
1909 Mainstreet Bank Commercial Lending Specialization 2.78  
57399 McIntosh Commercial Bank Commercial Lending Specialization 3.14  
22868 Venture Bank Commercial Lending Specialization 3.49  
57604 Integrity Bank Commercial Lending Specialization 3.51 Failed on 7/31/09
32069 First Bank of Beverly Hills Commercial Lending Specialization 3.89 Failed on 4/24/09
57893 MetroPacific Bank Commercial Lending Specialization 3.92 Failed on 6/26/09
34976 Waterfield Bank Mortgage Lending Specialization  4.67  
28864 Olde Cypress Community Bank Commercial Lending Specialization 4.91  
58016 Commerce Bank of Southwest Florida Commercial Lending Specialization 5.19  
34430 Centennial Bank Commercial Lending Specialization 5.20  
34663 The Buckhead Community Bank Commercial Lending Specialization 5.40  
57263 Southern Colorado National Bank Commercial Lending Specialization 5.66  
35044 Flagship National Bank Commercial Lending Specialization 5.72  
35586 New Liberty Bank Commercial Lending Specialization 5.94  
58072 USA Bank Commercial Lending Specialization 6.20  
58071 LibertyPointe Bank Commercial Lending Specialization 6.41  
57548 Heritage Bank Commercial Lending Specialization 6.75  
5757 Citizens National Bank All Other < $1 Billion 7.21 Failed on 5/22/09
35251 Southern Community Bank Commercial Lending Specialization 7.38 Failed on 6/19/09
57436 Community Bank of West Georgia Commercial Lending Specialization 7.45 Failed on 6/26/09
58104 Century Security Bank Commercial Lending Specialization 8.20  
27197 Affinity Bank Commercial Lending Specialization 8.52 Failed on 8/28/09
10440 Benchmark Bank Commercial Lending Specialization 8.55  
28737 Cooperative Bank Commercial Lending Specialization 8.68 Failed on 6/19/09
35578 Arrowhead Community Bank Commercial Lending Specialization 8.84  
35393 United Trust Bank Commercial Lending Specialization 9.02  
34341 Temecula Valley Bank Commercial Lending Specialization 9.14 Failed on 7/17/09
13693 Corus Bank, National Association Commercial Lending Specialization 9.17  
32267 Century Bank, a Federal Savings Bank Commercial Lending Specialization 9.42  
35175 Strategic Capital Bank Commercial Lending Specialization 9.51 Failed on 5/22/09
23268 Community First Bank Commercial Lending Specialization 9.61 Failed on 8/7/09
26467 Lowell Co-operative Bank All Other < $1 Billion 9.63  
57928 Hometown Community Bank Commercial Lending Specialization 9.73  
13832 Bank of Lenox All Other < $1 Billion 10.03  
3644 The First National Bank of Danville Commercial Lending Specialization 10.27 Failed on 7/2/09
34294 AmericasBank Commercial Lending Specialization 10.37  
34255 Southwest Community Bank Commercial Lending Specialization 10.58  
6560 The Huntington National Bank Commercial Lending Specialization 11.07  
35527 Fort Lee Federal Savings Bank, FSB Consumer Lending Specialization  11.32  
13718 Wells Fargo Bank Northwest, National Association Consumer Lending Specialization 11.48  
1992 Pathway Bank Agricultural Specialization 11.65  
32280 Turnberry Bank Commercial Lending Specialization 11.71  
57060 Desert Hills Bank Commercial Lending Specialization 11.75  
35335 Southern Bank of Commerce All Other < $1 Billion 12.00  
34103 BANKFIRST Commercial Lending Specialization 12.30 Failed on 7/17/09
10100 Irwin Union Bank and Trust Company Commercial Lending Specialization 12.40  
15288 The State Bank of Lebo Agricultural Specialization 12.64  
35561 Earthstar Bank Mortgage Lending Specialization 12.72  
32288 Peoples Community Bank Commercial Lending Specialization 12.89 Failed on 7/31/09
22977 Horizon Bank Commercial Lending Specialization 12.96 Failed on 6/26/09
3673 The First National Bank of Gilman Agricultural Specialization 13.13  
22286 United Security Bank Commercial Lending Specialization 13.24  
29761 SCB BANK Commercial Lending Specialization 13.36  
10888 Peotone Bank and Trust Company Commercial Lending Specialization 13.41  
34682 Ebank All Other < $1 Billion 13.47 Failed on 8/21/09
5820 State Central Bank Commercial Lending Specialization 13.92  
178 Talbot State Bank Mortgage Lending Specialization 13.95  
9425 Quality Bank Agricultural Specialization 14.24  
32618 Guaranty Bank Commercial Lending Specialization 14.26 Failed on 8/21/09
58100 Plaza Bank Commercial Lending Specialization 14.52  
26619 Butler Bank Commercial Lending Specialization 14.56  
26290 First Security National Bank Commercial Lending Specialization 14.79  
57169 American Patriot Bank Commercial Lending Specialization 14.91  
17141 The Citizens State Bank of Pomona All Other < $1 Billion 14.93  
57430 Security Bank of North Fulton Commercial Lending Specialization 15.22 Failed on 7/24/09
35312 First CornerStone Bank Commercial Lending Specialization 15.36  
15414 Legacy Bank Commercial Lending Specialization 15.44  
32654 Colombo Bank Commercial Lending Specialization 15.53  
5280 Winona National Bank Commercial Lending Specialization 15.54  
58257 Darien Rowayton Bank Mortgage Lending Specialization 15.56  
35139 Seattle Bank Commercial Lending Specialization 15.61  
57914 Pacific Coast National Bank Commercial Lending Specialization 15.63  
58170 Emigrant Savings Bank - Bronx/Westchester Mortgage Lending Specialization 15.66  
30132 First Federal Savings and Loan Association of Pekin Mortgage Lending Specialization 15.73  
28136 Mainstreet Savings Bank, FSB Mortgage Lending Specialization 15.77 Failed on 8/28/09 
32456 Ideal Federal Savings Bank Commercial Lending Specialization 15.82  
4516 First Bank Commercial Lending Specialization 15.86  
8893 America's Community Bank Commercial Lending Specialization 15.96  
21225 Central Virginia Bank Commercial Lending Specialization 15.99  
58168 Emigrant Savings Bank - Manhattan Mortgage Lending Specialization 16.16  
16089 First Suburban National Bank Commercial Lending Specialization 16.17  
34554 Bank 1st Commercial Lending Specialization 16.67  
22536 Family Bank and Trust Co. Commercial Lending Specialization 16.75  
20292 American State Bank Commercial Lending Specialization 16.93  
35479 Mariners Bank Commercial Lending Specialization 16.99  
35242 North Georgia Bank Commercial Lending Specialization 17.09  
29776 AmTrust Bank Mortgage Lending Specialization 17.10  
58400 Alta Alliance Bank Commercial Lending Specialization 17.12  
27183 Community National Bank of Sarasota County Commercial Lending Specialization 17.23 Failed on 8/7/09
15771 Northeast Georgia Bank Commercial Lending Specialization 17.28  
18321 Bank of Elmwood Commercial Lending Specialization 17.36  
26820 Independent Bankers' Bank Commercial Lending Specialization 17.39  
11416 Jennings State Bank Commercial Lending Specialization 17.41  
9719 Oxford Bank Commercial Lending Specialization 17.58  
20340 Gulf State Community Bank Commercial Lending Specialization 17.87  
58362 Champion Bank Commercial Lending Specialization 17.88  
58169 Emigrant Savings Bank - Brooklyn/Queens Mortgage Lending Specialization 17.90  
33542 Western Community Bank Commercial Lending Specialization 18.16  
28536 First Federal Bank of California, a Federal Savings Bank Commercial Lending Specialization 18.56  
27367 Security Bank of Bibb County Commercial Lending Specialization 18.60 Failed on 7/24/09
58167 Emigrant Savings Bank - Long Island Mortgage Lending Specialization 18.62  
14194 Polk County Bank Commercial Lending Specialization 18.63  
31263 K Bank Commercial Lending Specialization 18.71  
8129 Peoples Bank & Trust Company Agricultural Specialization 18.75  
12865 Swedish-American State Bank Agricultural Specialization 19.10  
33966 Wachovia Bank, FSB All Other > $1 Billion 19.11  
15640 ShoreBank Commercial Lending Specialization 19.39  
34594 First Piedmont Bank Commercial Lending Specialization 19.47 Failed on 7/17/09
10672 The Exchange Bank Commercial Lending Specialization 19.50  
24677 Triad Bank, National Association Commercial Lending Specialization 19.66  
35431 Baytree National Bank & Trust Company Commercial Lending Specialization 19.71  
16476 Access Bank Commercial Lending Specialization 19.77  
17522 St. Stephen State Bank Commercial Lending Specialization 19.78  
18984 Hastings State Bank Commercial Lending Specialization 19.89  


Disclaimer: This list does not guarantee that banks will fail in any order.  It is best used as overall indicator on each bank's financial status.

*Bankability Composite Score is a proprietary scoring mechanism developed by Money Economics.  It focuses on the Key Performance Indicators (KPI's) and combining that using a multi-dimension approach.  Please see the
Official Bankability Composite Score Thread for more information.

 


 

 

Last Updated on Friday, 05 August 2011 20:52