2009 Q4 Watch List on FDIC Insured Banks at Very High Risk of Failing (Final Update: 3/2/10)

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 September 30, 2009.  There are currently 231 banks on this list.  Banks that failed after 2009 Q3 will get noted if they are on this list.

Update (12/1/09): Another list of 683 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."

Update (12/1/09): It is worth noting that the FDIC puts emphasis on the "group" of banks under the same parent holding company when they consider if the bank is to be closed.  An example is the group of 9 banks closed on 10/30/09, all belong to same FBOP Corporation.  More information about the FDIC's attitude toward such situation can be found on this thread.

Final Update (3/2/10): This list will serve as the archived version and will no longer be updated.  Please consult the 2010 Q1 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
10440 Benchmark Bank Commercial Lending Specialization -103.46 Failed on 12/4/09
4063 MidFirst Bank Commercial Lending Specialization -89.44 -
32267 Century Bank, a Federal Savings Bank Commercial Lending Specialization -75.48 Failed on 11/13/09
35038 First Dupage Bank Commercial Lending Specialization -67.31 Failed on 10/23/09
58399 Valley Capital Bank, National Association Commercial Lending Specialization -67.03 Failed on 12/11/09
58016 Commerce Bank of Southwest Florida Commercial Lending Specialization -65.87 Failed on 11/20/09
19450 Gateway Bank of St. Louis Commercial Lending Specialization -65.31 Failed on 11/6/09
35291 Community Bank of Lemont Commercial Lending Specialization -58.04 Failed on 10/30/09
31623 Imperial Savings and Loan Association Consumer Lending Specialization -49.65 -
34658 Citizens Bank and Trust Company of Chicago Commercial Lending Specialization -47.67 -
57959 Partners Bank Commercial Lending Specialization -45.65 Failed on 10/23/09
5702 Community Bank & Trust Commercial Lending Specialization -40.56 Failed on 1/29/10
57399 McIntosh Commercial Bank Commercial Lending Specialization -39.74 -
58336 Hillcrest Bank Florida Commercial Lending Specialization -38.90 Failed on 10/23/09
34824 Warren Bank Commercial Lending Specialization -37.30 Failed on 10/2/09
22286 United Security Bank Commercial Lending Specialization -36.86 Failed on 11/6/09
17522 St. Stephen State Bank Commercial Lending Specialization -35.42 Failed on 1/15/10
35044 Flagship National Bank Commercial Lending Specialization -32.81 Failed on 10/23/09
58315 RockBridge Commercial Bank Commercial Lending Specialization -32.52 Failed on 12/18/09
35279 High Desert State Bank Commercial Lending Specialization -32.01 -
34663 The Buckhead Community Bank Commercial Lending Specialization -30.93 Failed on 12/4/09
35074 Prosperan Bank Commercial Lending Specialization -27.42 Failed on 11/6/09
34231 Ravenswood Bank Commercial Lending Specialization -26.94 -
32276 New South Federal Savings Bank Mortgage Lending Specialization -26.74 Failed on 12/18/09
30329 Home Federal Savings Bank Mortgage Lending Specialization -26.67 Failed on 11/6/09
58072 USA Bank Commercial Lending Specialization -26.49 -
57794 American United Bank Commercial Lending Specialization -26.38 Failed on 10/23/09
32498 Charter Bank Commercial Lending Specialization -25.74 Failed on 1/22/10
58429 Wheatland Bank Commercial Lending Specialization -23.34 -
30005 Citizens First Savings Bank Commercial Lending Specialization -22.88 -
22846 Republic Federal Bank, National Association Commercial Lending Specialization -22.45 Failed on 12/11/09
57147 Premier American Bank Commercial Lending Specialization -22.34 Failed on 1/22/10
24957 First Lowndes Bank Commercial Lending Specialization -21.11 -
32469 United Commercial Bank Commercial Lending Specialization -20.08 Failed on 11/6/09
27126 Sun American Bank Commercial Lending Specialization -19.98 -
35106 Bank of Florida - Southwest Commercial Lending Specialization -17.68 -
34705 Town Community Bank and Trust Commercial Lending Specialization -17.29 Failed on 1/15/10
4744 The First National Bank of Olathe Commercial Lending Specialization -17.24 -
19758 Enterprise Banking Company Commercial Lending Specialization -17.14 -
58071 LibertyPointe Bank Commercial Lending Specialization -15.21 -
58135 Liberty Bank Commercial Lending Specialization -15.13 -
22977 Horizon Bank Commercial Lending Specialization -14.59 Failed on 1/08/10
57107 ISN Bank Commercial Lending Specialization -14.55 -
57096 The Royal Palm Bank of Florida Commercial Lending Specialization -14.20 -
34785 Sun West Bank Commercial Lending Specialization -14.05 -
57914 Pacific Coast National Bank Commercial Lending Specialization -12.73 Failed on 11/13/09
32167 Peoples First Community Bank Commercial Lending Specialization -12.70 Failed on 12/18/09
38129 Rainier Pacific Bank Commercial Lending Specialization -12.13 Failed on 2/26/10
18776 North Houston Bank Commercial Lending Specialization -11.69 Failed on 10/30/09
32583 Greater Atlantic Bank Mortgage Lending Specialization -11.44 Failed on 12/4/09
22427 Orion Bank Commercial Lending Specialization -11.20 Failed on 11/13/09
57759 All American Bank Commercial Lending Specialization -10.62 -
26290 First Security National Bank Commercial Lending Specialization -10.42 Failed on 12/4/09
35431 Baytree National Bank & Trust Company Commercial Lending Specialization -10.34 -
20340 Gulf State Community Bank Commercial Lending Specialization -10.02 -
22710 Frontier Bank Commercial Lending Specialization -9.49 -
5672 Florida Community Bank Commercial Lending Specialization -9.17 Failed on 1/29/10
18806 American National Bank Commercial Lending Specialization -8.66 -
22811 Brickyard Bank Commercial Lending Specialization -7.99 -
4731 SolutionsBank Commercial Lending Specialization -7.89 Failed on 12/11/09
12080 The Tattnall Bank Agricultural Specialization -7.46 Failed on 12/4/09
57263 Southern Colorado National Bank Commercial Lending Specialization -6.83 Failed on 10/2/09
58104 Century Security Bank Commercial Lending Specialization -6.76 -
57974 Saigon National Bank Commercial Lending Specialization -6.72 -
57148 Professional Business Bank Commercial Lending Specialization -6.15 -
58211 Sunrise Bank of Atlanta Commercial Lending Specialization -6.08 -
27076 Wachovia Mortgage, FSB Mortgage Lending Specialization -6.02 -
34878 Lakeside Community Bank Commercial Lending Specialization -5.85 -
16476 Access Bank Commercial Lending Specialization -5.73 -
29776 AmTrust Bank Mortgage Lending Specialization -5.56 Failed on 12/4/09
5820 State Central Bank Commercial Lending Specialization -5.48 -
33535 Advanta Bank Corp. Commercial Lending Specialization -5.09 -
28612 Maritime Savings Bank Commercial Lending Specialization -4.79 -
16480 First National Bank of Georgia Commercial Lending Specialization -4.72 Failed on 1/29/10
33989 Appalachian Community Bank Commercial Lending Specialization -4.67 -
16748 First City Bank of Florida Commercial Lending Specialization -4.53 -
23266 San Joaquin Bank Commercial Lending Specialization -4.34 Failed on 10/16/09
32347 Blue Ridge Savings Bank, Inc. Commercial Lending Specialization -4.13 -
34976 Waterfield Bank Mortgage Lending Specialization -4.03 -
8265 Bank of Leeton Commercial Lending Specialization -3.92 Failed on 1/22/10
24067 Riverside National Bank of Florida All other > $1 Billion -3.78 -
3735 Amcore Bank, National Association Commercial Lending Specialization -2.14 -
57928 Hometown Community Bank Commercial Lending Specialization -1.70 -
178 Talbot State Bank Mortgage Lending Specialization -1.26 -
58362 Champion Bank Commercial Lending Specialization -1.09 -
35586 New Liberty Bank Commercial Lending Specialization -0.97 -
35434 SouthwestUSA Bank Commercial Lending Specialization -0.83 -
27096 The Park Avenue Bank Commercial Lending Specialization -0.36 -
1006 Citizens State Bank Commercial Lending Specialization -0.07 Failed on 12/18/09
10888 Peotone Bank and Trust Company Commercial Lending Specialization 0.90 -
16089 First Suburban National Bank Commercial Lending Specialization 1.12 -
34292 The Bank of Commerce Commercial Lending Specialization 1.55 -
58197 Bank of Ellijay Commercial Lending Specialization 1.70 -
35578 Arrowhead Community Bank Commercial Lending Specialization 2.29 -
58253 Asian Bank of Arizona Commercial Lending Specialization 2.96 -
8221 State Bank of Aurora Commercial Lending Specialization 3.22 -
15448 1st American State Bank of Minnesota Commercial Lending Specialization 3.27 Failed on 1/5/10
15547 Bank of Lake Village Agricultural Specialization 3.36 -
57525 Riverview Community Bank Commercial Lending Specialization 3.42 Failed on 10/23/09
25795 Peoples Bank & Trust Commercial Lending Specialization 3.82 -
58477 Bank of Tacoma Commercial Lending Specialization 4.09 -
34430 Centennial Bank Commercial Lending Specialization 4.12 -
29341 TierOne Bank Commercial Lending Specialization 4.21 -
34665 United Community Bank, National Association Commercial Lending Specialization 4.52 -
18321 Bank of Elmwood Commercial Lending Specialization 4.66 Failed on 10/23/09
33134 Michigan Commerce Bank Commercial Lending Specialization 4.73 -
15014 Pilsen State Bank, Lincolnville, Kansas Agricultural Specialization 5.02 -
34242 Beach First National Bank Commercial Lending Specialization 5.14 -
29952 George Washington Savings Bank Commercial Lending Specialization 5.18 Failed on 2/19/10
31263 K Bank Commercial Lending Specialization 5.79 -
31555 Independence Federal Savings Bank Mortgage Lending Specialization 5.80 -
11416 Jennings State Bank Commercial Lending Specialization 5.95 Failed on 10/2/09
34775 EverBank Mortgage Lending Specialization 6.75 -
57110 Nevada Security Bank Commercial Lending Specialization 6.76 -
22469 Columbia River Bank Commercial Lending Specialization 7.35 Failed on 1/22/10
57686 Peoples Community National Bank Commercial Lending Specialization 7.64 -
10672 The Exchange Bank Commercial Lending Specialization 7.66 -
58487 Sunrise Community Bank Commercial Lending Specialization 7.66 -
28864 Olde Cypress Community Bank Commercial Lending Specialization 7.90 -
19040 The Bank of Miami, National Association Commercial Lending Specialization 8.19 -
14246 The Bank of Bonifay Commercial Lending Specialization 8.70 -
33928 Patriot National Bank Commercial Lending Specialization 9.12 -
32148 Community Banks of Northern California Commercial Lending Specialization 9.14 -
32489 HomeStreet Bank Commercial Lending Specialization 9.16 -
57132 Eastside Commercial Bank, National Association Commercial Lending Specialization 9.17 -
5716 Farmers & Merchants Bank Commercial Lending Specialization 9.48 -
57885 First Vietnamese American Bank Commercial Lending Specialization 9.66 -
35114 Satilla Community Bank Commercial Lending Specialization 9.95 -
57835 Signature Bank Commercial Lending Specialization 10.02 -
26619 Butler Bank Commercial Lending Specialization 10.14 -
35299 Security Exchange Bank Commercial Lending Specialization 10.24 -
57984 Bank of Auburn Hills Commercial Lending Specialization 10.29 -
58352 Carson River Community Bank Commercial Lending Specialization 10.31 Failed on 2/26/10
19686 Savings Bank of Maine Commercial Lending Specialization 10.34 -
34987 Allegiance Community Bank Commercial Lending Specialization 10.34 -
58257 Darien Rowayton Bank Mortgage Lending Specialization 10.60 -
57658 Northwest Bank & Trust Commercial Lending Specialization 10.78 -
10054 Bank of Hiawassee Commercial Lending Specialization 10.79 -
57548 Heritage Bank Commercial Lending Specialization 10.79 -
27986 Second Federal Savings and Loan Association of Chicago Mortgage Lending Specialization 11.02 -
27150 Eurobank Commercial Lending Specialization 11.10 -
34678 Unity National Bank Commercial Lending Specialization 11.24 -
33883 Fidelity Bank Commercial Lending Specialization 11.33 -
26348 Imperial Capital Bank Commercial Lending Specialization 11.76 Failed on 12/18/09
20501 Evergreen Bank Commercial Lending Specialization 11.83 Failed on 1/22/10
58358 1st Commerce Bank Commercial Lending Specialization 12.20 -
6100 Citizens Bank & Trust Company All other < $1 Billion 12.20 -
32456 Ideal Federal Savings Bank Commercial Lending Specialization 12.55 -
34255 Southwest Community Bank Commercial Lending Specialization 12.65 -
1252 Barnes Banking Company Commercial Lending Specialization 12.67 Failed on 1/15/10
35383 First National Bank of the South Commercial Lending Specialization 12.80 -
15640 ShoreBank Commercial Lending Specialization 12.87 -
173 The Peoples Bank Commercial Lending Specialization 13.00 -
16450 Busey Bank Commercial Lending Specialization 13.01 -
27417 Home Loan Investment Bank, F.S.B. All other < $1 Billion 13.32 -
26820 Independent Bankers' Bank Other Specialized < $1 Billion 13.34 Failed on 12/18/09
22536 Family Bank and Trust Co. Commercial Lending Specialization 13.34 -
35312 First CornerStone Bank Commercial Lending Specialization 13.40 -
28886 First Federal Bank of North Florida Commercial Lending Specialization 13.51 -
16133 Marshall Bank, National Association Agricultural Specialization 13.65 Failed on 1/29/10
34090 American Enterprise Bank Commercial Lending Specialization 13.67 -
26563 Peninsula Bank Commercial Lending Specialization 13.69 -
34527 Central Arizona Bank Commercial Lending Specialization 13.69 -
58205 Westbridge Bank and Trust Commercial Lending Specialization 13.74 -
35270 Elkhart Community Bank Commercial Lending Specialization 13.79 -
35244 LandMark Bank of Florida Commercial Lending Specialization 13.81 -
28136 Mainstreet Savings Bank, FSB Mortgage Lending Specialization 13.86 -
30600 Lincoln Park Savings Bank Commercial Lending Specialization 13.93 -
26680 Heritage Bank of North Florida Commercial Lending Specialization 13.96 -
31495 Inter Savings Bank, fsb D/B/A Interbank, fsb Mortgage Lending Specialization 14.01 -
15794 The First State Bank of Burlingame Commercial Lending Specialization 14.12 -
15904 The Four County Bank Commercial Lending Specialization 14.13 -
57360 Bank of Florida - Southeast Commercial Lending Specialization 14.25 -
33126 Paragon Bank & Trust Commercial Lending Specialization 14.34 -
35385 Ohio Legacy Bank, National Association Commercial Lending Specialization 14.43 -
29979 AnchorBank, fsb Commercial Lending Specialization 14.60 -
58131 Bank of Coral Gables Commercial Lending Specialization 14.81 -
57411 Horizon Community Bank Commercial Lending Specialization 14.91 -
14413 Iowa State Bank and Trust Company of Fairfield, Iowa Commercial Lending Specialization 15.09 -
10730 The Peoples Bank Commercial Lending Specialization 15.18 -
27559 Crescent Bank and Trust Company Commercial Lending Specialization 15.24 -
57111 COMMUNITY BANK OF THE CUMBERLANDS Commercial Lending Specialization 15.27 -
34911 Mesa Bank Commercial Lending Specialization 15.33 -
3673 The First National Bank of Gilman Agricultural Specialization 15.35 -
28961 First Federal Savings and Loan Association of Hammond Mortgage Lending Specialization 15.47 -
35061 Horizon Bank Commercial Lending Specialization 15.75 -
57764 Red Mountain Bank, National Association Commercial Lending Specialization 15.87 -
21649 Douglas County Bank Commercial Lending Specialization 15.96 -
34821 New Century Bank Commercial Lending Specialization 15.99 -
34673 Paramount Bank Commercial Lending Specialization 16.04 -
33026 Surety Bank Commercial Lending Specialization 16.06 -
21521 City Bank Commercial Lending Specialization 16.12 -
35242 North Georgia Bank Commercial Lending Specialization 16.14 -
27808 Bramble Savings Bank Commercial Lending Specialization 16.20 -
57587 Integrity Bank & Trust Commercial Lending Specialization 16.33 -
32280 Turnberry Bank Commercial Lending Specialization 16.34 -
35357 Red Rock Community Bank Commercial Lending Specialization 16.37 -
35241 South Carolina Community Bank Commercial Lending Specialization 16.45 -
57432 American Trust Bank Commercial Lending Specialization 16.56 -
26941 Peoples Bank of Deer Lodge Agricultural Specialization 16.56 -
32606 The University National Bank of Lawrence Commercial Lending Specialization 16.60 -
34486 Community Security Bank Commercial Lending Specialization 16.65 -
21777 Wakulla Bank Commercial Lending Specialization 16.68 -
34187 Valley Community Bank Commercial Lending Specialization 16.75 -
13272 Badger State Bank Agricultural Specialization 16.79 -
34554 Bank 1st Commercial Lending Specialization 16.86 -
57236 Regal Financial Bank Commercial Lending Specialization 17.05 -
34196 Jefferson Bank Commercial Lending Specialization 17.30 -
31286 First Mariner Bank Commercial Lending Specialization 17.30 -
8205 Americana Community Bank Commercial Lending Specialization 17.41 -
34152 First National Bank Commercial Lending Specialization 17.74 -
34684 Key West Bank All other < $1 Billion 17.79 -
58308 Haven Trust Bank Florida Commercial Lending Specialization 17.90 -
18074 Roxbury Bank Agricultural Specialization 17.99 -
30132 First Federal Savings and Loan Association of Pekin Mortgage Lending Specialization 18.03 -
9719 Oxford Bank Commercial Lending Specialization 18.26 -
17599 Palos Bank and Trust Company Commercial Lending Specialization 18.43 -
23594 San Diego National Bank Commercial Lending Specialization 18.70 Failed on 10/30/09
34092 Community Bank of Manatee Commercial Lending Specialization 18.91 -
23626 First Heritage Bank Commercial Lending Specialization 18.94 -
68 Peachtree Bank Commercial Lending Specialization 19.01 -
32158 Sterling Savings Bank Commercial Lending Specialization 19.26 -
57078 Community Bank Plymouth Commercial Lending Specialization 19.49 -
14370 First National Bank in Howell Commercial Lending Specialization 19.56 -
57814 Bank of Florida - Tampa Bay Commercial Lending Specialization 19.57 -
16730 American Marine Bank Commercial Lending Specialization 19.62 Failed on 1/29/10
32536 Sterling Bank Commercial Lending Specialization 19.65 -
35139 Seattle Bank Commercial Lending Specialization 19.66 -
58283 Virginia Business Bank Commercial Lending Specialization 19.72 -
22441 AmericanWest Bank Commercial Lending Specialization 19.91 -
28536 First Federal Bank of California, a Federal Savings Bank Commercial Lending Specialization 19.94 Failed on 12/18/09


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 20:51