2010 Q4 Watch List on FDIC Insured Banks at Very High Risk of Failing (Final Update: 3/18/11)

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, 2010. There are currently 205 banks on this list. Banks that failed after 2010 Q2 will get noted if they are on this list.

Update (12/10/10): Another list of 493 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 (3/18/11): This list will serve as the archived version and will no longer be updated.  Please consult the 2011 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
58495 Appalachian Community Bank, F.S.B. Commercial Lending Specialization -155.1 Failed on 12/17/10
34551 CrediCard National Bank Credit-Card Specialization -132.08 -
4063 MidFirst Bank Commercial Lending Specialization -100.55 -
57169 American Patriot Bank Commercial Lending Specialization -76.22 -
58087 Western Commercial Bank Commercial Lending Specialization -64.61 Failed on 11/05/10
58979 BankUnited Mortgage Lending Specialization -54.48 -
35463 Copper Star Bank Commercial Lending Specialization -44.88 Failed on 11/12/10
20340 Gulf State Community Bank Commercial Lending Specialization -34.06 Failed on 11/19/10
25330 United Central Bank Commercial Lending Specialization -33.94 -
57766 HarVest Bank of Maryland Commercial Lending Specialization -28.49 -
35527 Fort Lee Federal Savings Bank, FSB Consumer Lending Specialization -24.18 -
32251 Progress Bank of Florida Commercial Lending Specialization -23.99 Failed on 10/22/10
27573 First Bank of Jacksonville Commercial Lending Specialization -23.02 Failed on 10/22/10
34673 Paramount Bank Commercial Lending Specialization -21.57 Failed on 12/10/10
34016 Premier Bank Commercial Lending Specialization -21.42 Failed on 10/15/10
57885 First Vietnamese American Bank Commercial Lending Specialization -20.91 Failed on 11/05/10
27583 First Commercial Bank of Tampa Bay Commercial Lending Specialization -20.03 -
19758 Enterprise Banking Company Commercial Lending Specialization -19.89 Failed on 01/21/11
34516 The Bank of Asheville Commercial Lending Specialization -19.7 Failed on 01/21/11
35065 United Americas Bank, National Association Commercial Lending Specialization -18.84 Failed on 12/17/10
57831 Tifton Banking Company Commercial Lending Specialization -18.45 Failed on 11/12/10
58205 Westbridge Bank and Trust Commercial Lending Specialization -17.94 Failed on 10/15/10
22946 Scotiabank de Puerto Rico All other > $1 Billion -17.09 -
19040 The Bank of Miami, National Association Commercial Lending Specialization -15.94 -
58273 Patriot Bank of Georgia Commercial Lending Specialization -15.91 -
5328 Evergreen State Bank Commercial Lending Specialization -15.54 Failed on 01/28/11
2119 The First National Bank of Barnesville Commercial Lending Specialization -14.25 Failed on 10/22/10
57440 Oglethorpe Bank Commercial Lending Specialization -14.1 Failed on 01/14/11
16089 First Suburban National Bank Commercial Lending Specialization -13.92 Failed on 10/22/10
34578 Chestatee State Bank Commercial Lending Specialization -13.37 Failed on 12/17/10
32582 First Arizona Savings, A FSB Mortgage Lending Specialization -12.74 Failed on 10/22/10
16748 First City Bank of Florida Commercial Lending Specialization -12.52 -
14939 Peoples State Bank Commercial Lending Specialization -10.15 Failed on 02/11/11
57646 FirsTier Bank Commercial Lending Specialization -9.93 Failed on 01/28/11
5716 Farmers & Merchants Bank Commercial Lending Specialization -9.01 -
58358 1st Commerce Bank Commercial Lending Specialization -8.73 -
18169 Pacific Capital Bank, National Association Commercial Lending Specialization -8.5 -
33904 The Gordon Bank Commercial Lending Specialization -8.17 Failed on 10/22/10
34965 First Commercial Bank of Florida Commercial Lending Specialization -7.61 Failed on 01/07/11
35242 North Georgia Bank Commercial Lending Specialization -6.74 Failed on 02/04/11
31263 K Bank Commercial Lending Specialization -4.89 Failed on 11/05/10
57860 Community Bank of Rockmart Commercial Lending Specialization -4.78 -
57276 Bank of Las Vegas Commercial Lending Specialization -4.41 -
14794 Bank of Jackson County Commercial Lending Specialization -3.87 -
35396 Bank of Naples Commercial Lending Specialization -3.69 -
35250 Shoreline Bank Commercial Lending Specialization -2.05 Failed on 10/01/10
57855 Charter Oak Bank Commercial Lending Specialization -2.02 Failed on 2/18/11
24677 Triad Bank, National Association Commercial Lending Specialization -1.58 -
4879 Communityone Bank, National Association Commercial Lending Specialization -0.99 -
58701 Pisgah Community Bank Commercial Lending Specialization -0.71 -
34818 Legacy Bank Commercial Lending Specialization -0.28 Failed on 3/11/11
19252 The First State Bank Commercial Lending Specialization 0.62 -
14580 Darby Bank & Trust Co. Commercial Lending Specialization 0.73 Failed on 11/12/10
14273 Heritage Banking Group Commercial Lending Specialization 0.97 -
35284 Cornerstone Bank Commercial Lending Specialization 1.19 -
22173 Hillcrest Bank Commercial Lending Specialization 1.41 Failed on 10/22/10
58185 Sunrise Bank Commercial Lending Specialization 1.41 -
19498 Montgomery Bank & Trust Commercial Lending Specialization 1.98 -
35078 Allegiance Bank of North America Commercial Lending Specialization 2.51 Failed on 11/19/10
57899 1st Advantage Bank Commercial Lending Specialization 2.56 -
16579 First Guaranty Bank and Trust Company of Jacksonville Commercial Lending Specialization 2.8 -
23632 Palm Desert National Bank Commercial Lending Specialization 2.87 -
34692 Canyon National Bank Commercial Lending Specialization 2.99 Failed on 02/11/11
57280 FlatIrons Bank Commercial Lending Specialization 3.4 -
5287 First Banking Center Commercial Lending Specialization 3.51 Failed on 11/19/10
58283 Virginia Business Bank Commercial Lending Specialization 3.61 -
5732 DuPage National Bank Commercial Lending Specialization 3.74 -
57031 Champion Bank Commercial Lending Specialization 3.89 -
21225 Central Virginia Bank Commercial Lending Specialization 4.04 -
35050 TransCapital Bank Commercial Lending Specialization 4.11 -
35561 Earthstar Bank Mortgage Lending Specialization 4.17 Failed on 12/10/10
17750 Superior Bank Commercial Lending Specialization 4.33 -
58539 First Choice Community Bank Commercial Lending Specialization 4.41 -
57847 Georgia Trust Bank Commercial Lending Specialization 4.49 -
57868 CommunitySouth Bank and Trust Commercial Lending Specialization 4.73 Failed on 01/21/11
57759 All American Bank Commercial Lending Specialization 4.89 -
31555 Independence Federal Savings Bank Mortgage Lending Specialization 5.34 -
12261 First Community Bank Commercial Lending Specialization 5.4 Failed on 01/28/11
22811 Brickyard Bank Commercial Lending Specialization 5.47 -
15083 Alliant Bank All other < $1 Billion 5.66 -
34707 SUNRISE BANK OF ARIZONA Commercial Lending Specialization 5.8 -
34775 EverBank Mortgage Lending Specialization 5.82 -
34392 Decatur First Bank Commercial Lending Specialization 5.83 -
13272 Badger State Bank Agricultural Specialization 6.1 Failed on 02/11/11
58005 Georgia Heritage Bank Commercial Lending Specialization 6.13 -
17719 The Farmers and Merchants State Bank of Argonia Agricultural Specialization 6.5 -
34601 Citizens Bank of Effingham Commercial Lending Specialization 6.59 Failed on 2/18/11
34652 Home Federal Bank of Hollywood Commercial Lending Specialization 6.67 -
58421 First Citizens Bank of Georgia Commercial Lending Specialization 6.91 -
35244 LandMark Bank of Florida Commercial Lending Specialization 6.94 -
19237 McIntosh State Bank Commercial Lending Specialization 7.01 -
35430 OptimumBank Commercial Lending Specialization 7.47 -
33134 Michigan Commerce Bank Commercial Lending Specialization 7.57 -
35422 The Leaders Bank Commercial Lending Specialization 7.58 -
25795 Peoples Bank & Trust Commercial Lending Specialization 7.74 -
5950 Bank of Granite Commercial Lending Specialization 7.88 -
57432 American Trust Bank Commercial Lending Specialization 7.93 Failed on 02/04/11
57705 New Horizons Bank Commercial Lending Specialization 7.98 -
17488 Downers Grove National Bank Commercial Lending Specialization 8.04 -
30898 Security Savings Bank, F.S.B. Commercial Lending Specialization 8.25 Failed on 10/15/10
27465 Citizens National Bank of Springfield Commercial Lending Specialization 8.75 -
58222 BankMeridian, N.A. Commercial Lending Specialization 8.83 -
35478 Sunshine State Community Bank Commercial Lending Specialization 9.1 Failed on 02/11/11
57872 Pacific West Bank Commercial Lending Specialization 9.23 -
34983 Northern Star Bank Commercial Lending Specialization 9.38 -
27986 Second Federal Savings and Loan Association of Chicago Mortgage Lending Specialization 9.41 -
57096 The Royal Palm Bank of Florida Commercial Lending Specialization 9.46 -
34187 Valley Community Bank Commercial Lending Specialization 9.5 Failed on 2/25/11
58056 Southshore Community Bank Commercial Lending Specialization 9.53 -
34969 First Central Savings Bank Commercial Lending Specialization 9.62 -
21777 Wakulla Bank Commercial Lending Specialization 9.62 Failed on 10/01/10
27148 NOVA Bank Commercial Lending Specialization 10 -
57978 Business Bank Commercial Lending Specialization 10.05 -
28353 Century Bank Mortgage Lending Specialization 10.07 -
22536 FirstSecure Bank and Trust Co. Commercial Lending Specialization 10.29 -
8205 Americana Community Bank Commercial Lending Specialization 10.32 -
57820 Legacy Bank Commercial Lending Specialization 10.33 Failed on 01/07/11
34106 Albina Community Bank Commercial Lending Specialization 10.34 -
31495 Inter Savings Bank, fsb D/B/A Interbank, fsb Mortgage Lending Specialization 10.38 -
30394 Carver Federal Savings Bank Commercial Lending Specialization 10.38 -
34234 Community Central Bank Commercial Lending Specialization 10.39 -
34522 Colorado Capital Bank Commercial Lending Specialization 10.45 -
6078 First Midwest Bank Commercial Lending Specialization 10.84 -
878 The Brand Banking Company Commercial Lending Specialization 11.06 -
34411 Pierce Commercial Bank Commercial Lending Specialization 11.18 Failed on 11/05/10
57236 Regal Financial Bank Commercial Lending Specialization 11.29 -
4516 First Bank Commercial Lending Specialization 11.3 -
34130 Public Savings Bank Commercial Lending Specialization 11.33 -
57799 First Sound Bank Commercial Lending Specialization 11.4 -
33928 Patriot National Bank Commercial Lending Specialization 11.4 -
34957 Clarkston State Bank Commercial Lending Specialization 11.58 -
35299 Security Exchange Bank Commercial Lending Specialization 11.75 -
2994 Bank of Choice Commercial Lending Specialization 11.81 -
34527 Central Arizona Bank Commercial Lending Specialization 11.86 -
58039 First Resource Bank Commercial Lending Specialization 12.01 -
35428 SUNRISE BANK OF ALBUQUERQUE Commercial Lending Specialization 12.39 -
21495 Bartow County Bank Commercial Lending Specialization 12.47 -
14194 Polk County Bank Commercial Lending Specialization 12.52 -
57213 Atlantic Southern Bank Commercial Lending Specialization 12.55 -
33938 Capitol City Bank & Trust Company Commercial Lending Specialization 12.58 -
58095 Idaho First Bank Commercial Lending Specialization 12.81 -
5820 State Central Bank Commercial Lending Specialization 12.84 -
24099 Rosemount National Bank Commercial Lending Specialization 12.89 -
9502 First State Bank Commercial Lending Specialization 13.01 -
151 Habersham Bank Commercial Lending Specialization 13.12 Failed on 2/18/11
30152 Milford Building and Loan Association Mortgage Lending Specialization 13.32 -
57647 First Georgia Banking Company Commercial Lending Specialization 13.32 -
19794 Nexity Bank Commercial Lending Specialization 13.34 -
10086 Western Springs National Bank and Trust Commercial Lending Specialization 13.35 -
27026 Native American Bank, National Association Commercial Lending Specialization 13.49 -
21649 Douglas County Bank Commercial Lending Specialization 13.8 -
9719 Oxford Bank Commercial Lending Specialization 13.92 -
57948 Community First Bank - Chicago Commercial Lending Specialization 13.93 Failed on 02/04/11
16375 HomeStar Bank and Financial Services Commercial Lending Specialization 14.18 -
57928 Hometown Community Bank Commercial Lending Specialization 14.4 -
28407 Liberty Federal Savings Bank Commercial Lending Specialization 14.53 -
58420 Atlantic Bank and Trust Commercial Lending Specialization 14.6 -
57917 Western National Bank Commercial Lending Specialization 14.6 -
877 Bank of Eastman Commercial Lending Specialization 14.68 -
57593 Mountain Heritage Bank Commercial Lending Specialization 14.97 -
34256 Citizens Commerce National Bank Commercial Lending Specialization 15.02 -
19797 The Park Avenue Bank Commercial Lending Specialization 15.04 -
57537 Old Harbor Bank Commercial Lending Specialization 15.24 -
35139 Seattle Bank Commercial Lending Specialization 15.31 -
58307 The First Bank of Greenwich Commercial Lending Specialization 15.31 -
57212 First Choice Bank Commercial Lending Specialization 15.32 -
35418 Nevada Commerce Bank Commercial Lending Specialization 15.39 -
34292 The Bank of Commerce Commercial Lending Specialization 15.63 -
35096 Millennium Bank, National Association Commercial Lending Specialization 15.8 -
27405 Putnam State Bank Commercial Lending Specialization 15.88 -
19554 High Trust Bank Commercial Lending Specialization 15.89 -
57442 Summit Bank Commercial Lending Specialization 15.96 -
15794 The First State Bank of Burlingame Commercial Lending Specialization 16.04 -
10055 The Patterson Bank Commercial Lending Specialization 16.06 -
27331 Community Bank of the Ozarks Commercial Lending Specialization 16.31 -
29761 SCB BANK Commercial Lending Specialization 16.35 -
26725 EuroBank Commercial Lending Specialization 16.38 -
28144 First East Side Savings Bank All other < $1 Billion 16.47 -
34953 Northpointe Bank Commercial Lending Specialization 16.5 -
22441 AmericanWest Bank Commercial Lending Specialization 16.8 -
19023 Heritage First Bank Commercial Lending Specialization 16.88 -
58226 CreekSide Bank Commercial Lending Specialization 16.9 -
8997 The Palmetto Bank Commercial Lending Specialization 16.97 -
34968 Banco Popular de Puerto Rico Commercial Lending Specialization 17.28 -
22476 Covenant Bank Commercial Lending Specialization 17.35 -
57835 Signature Bank Commercial Lending Specialization 17.39 -
32347 Blue Ridge Savings Bank, Inc. Commercial Lending Specialization 17.39 -
31581 American Eagle Savings Bank Mortgage Lending Specialization 17.51 -
23626 First Heritage Bank Commercial Lending Specialization 17.51 -
10925 Midwest Community Bank Agricultural Specialization 17.59 -
57057 Park Cities Bank Commercial Lending Specialization 17.66 -
19397 Mid City Bank, Inc. Commercial Lending Specialization 17.75 -
32503 Plantation Federal Bank Commercial Lending Specialization 17.92 -
57627 Bank of Virginia Commercial Lending Specialization 18.13 -
58188 HSBC Trust Company (Delaware), National Association All other > $1 Billion 18.29 -
21111 City National Bank of New Jersey Commercial Lending Specialization 18.39 -
35249 Gwinnett Community Bank Commercial Lending Specialization 18.49 -
58103 Signature Bank of Georgia Commercial Lending Specialization 18.64 -
35513 Community Bank of Pickens County Commercial Lending Specialization 18.78 -
17557 First National Bank of Crestview Commercial Lending Specialization 18.79 -
57888 NewDominion Bank Commercial Lending Specialization 19.27 -
22528 Bank of Whitman Commercial Lending Specialization 19.35 -
34870 First Peoples Bank Commercial Lending Specialization 19.63 -
15904 The Four County Bank Commercial Lending Specialization 19.67 -
24642 Independent Banker's Bank of Florida Commercial Lending Specialization 19.85 -


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 20:50