Bank Report Cards: Top 10 Roll Call for 2009


Ever wonder what are the top banks operating in the U.S.?  The rankings below are conducted on based on the FDIC data from all the insured banks currently operating in the country.  The data used is current as of December 31, 2008.


TOP 10 BY TOTAL ASSET
This list is a ranking of banks via their total asset.  
  1. JPMorgan Chase Bank, National Association ($1,756,242,000,000)
  2. Bank of America, National Association ($1,471,631,047,000)
  3. Citibank, National Association ($1,231,154,000,000)
  4. Wachovia Bank, National Association ($635,476,000,000)
  5. Wells Fargo Bank, National Association ($538,958,000,000)
  6. U.S. Bank National Association ($261,775,591,000)
  7. The Bank of New York Mellon ($195,164,000,000)
  8. SunTrust Bank ($185,098,787,000)
  9. HSBC Bank USA, National Association ($181,619,970,000)
  10. State Street Bank and Trust Company ($171,227,778,000)

TOP 10 BY NORMALIZED NET INCOME1
This list ranks the banks by their normalized net income.  This measurement neutralizes the effect of the bank's size on its nominal net income, so that the Bank of America, National Association will be put up on the same scale as the California Community Bank.
  1. Beal Bank (5.70%)
  2. Beal Bank of Nevada (4.55%)
  3. Woodforest National Bank (3.01%)
  4. Capital One Bank, USA, National Association (2.84%)
  5. Chase Bank USA, National Association (2.70%)
  6. Intrust Bank, National Association (2.22%)
  7. Amarillo National Bank (1.93%)
  8. MidFirst Bank (1.90%)
  9. PNC Bank, Delaware (1.86%)
  10. Bank of Hawaii (1.76%)

TOP 10 BY DELINQUENT ASSET CONCENTRATION
This list captures the top 10 banks with the highest delinquent asset concentration.  This measurement neutralizes the effect of the bank's size on its nominal delinquent asset, so that the Bank of America, National Association will be put up on the same scale as the California Community Bank.
  1. MidFirst Bank (15.36%)
  2. Wachovia Mortgage, FSB (9.432%)
  3. FIA Card Services, National Association (5.838%)
  4. Firstbank of Puesto Rico (5.386%)
  5. IndyMac Federal Bank, F.S.B. (4.910%)
  6. BankUnited, FSB (4.591%)
  7. Barclays Bank Delaware (4.516%)
  8. Banco Popular North America (4.304%)
  9. Wells Fargo Bank Northwest, National Association (4.264%)
  10. Chase Bank USA, National Association (4.155%)

TOP 10 BY ASSET:LIABILITY RATIO1,2
Logically, when a bank's liabilities exceed its assets, the bank is insolvent.  It is observed that the FDIC starts to take action against banks even before they become totally insolvent.  This list is a ranking of the top 10 banks in the U.S. (of the 100 largest) by their Asset:Liability Ratio.
  1. Compass Bank (125.54%)
  2. First Hawaiian Bank (123.62%)
  3. Amegy Bank National Association (122.86%)
  4. TD Bank, National Association (121.23%)
  5. Capital One, National Association (121.06%)
  6. People's United Bank (119.07%)
  7. Susquehanna Bank (116.27%)
  8. East West Bank (115.73%)
  9. New York Community Bank (115.57%)
  10. Bank of the West (115.17%)

TOP 10 BY REAL ESTATE ASSET CONCENTRATION1
With the current financial turbulence fueled by real estate backed securities and the falling real estate prices, real estate loans are considered very risky.  This list of banks are the top 10 by their asset concentrations in real estate loans.
  1. Wells Fargo Bank South Central, National Association (97.59%)
  2. Bank of America, Rhode Island, National Association (93.60%)
  3. Bank of America, California, National Association (90.16%)
  4. BankUnited, FSB (79.09%)
  5. Wachovia Mortgage, FSB (77.49%)
  6. Astoria Federal Savings and Loan Association (75.92%)
  7. Washington Federal Savings and Loan Association (75.06%)
  8. Citicorp Trust Bank, FSB (73.62%)
  9. Flagstar Bank, FSB (69.55%)
  10. AmTrust Bank (68.59%)


Notes:
1. In order to achieve greater relevance in the research result, we restrict ourselves to the 100 largest banks in the nation for this Top 10 List.
2. We only considered the banks that offer traditional banking services such as checking and savings accounts.