3 banks failed*** in 2007;
26 banks failed in 2008;
55 banks failed in the first half of 2009;
50 banks failed in the third quarter of 2009;
45 banks failed in the fourth quarter of 2009;
41 banks failed in the first quarter of 2010;
45 banks failed in the second quarter of 2010.
Money Economics has been studying banks since 2007. We are concerned with whether a bank is healthy enough to hold deposits. Our research and analysis works include:
- Analysis of historical bank data;
- Data paired w/ regulatory changes and external events;
- Directional analysis in the Key Performance Indicators (KPI):
- Normalized Income Analysis,
- Real Estate Asset Analysis,
- Delinquent Asset Analysis,
- Asset-Liability Ratio Analysis;
- General & Segmented KPI trends;
- Asset allocation & loan breakdown analysis;
- Measuring the magnitude of change in the KPI’s;
- Development of the Bankability Composite Score* for all FDIC insured banks.
Update(6/8/10): New changes implemented on reports starting 2010 Q1. Each bank's loan breakdown slide will have the "loan loss allowance" category replaced by "All Other Loans & Leases" category. This will help pain a clearer picture of the banks' loan composition.
Other items of interest:
The reports below are compiled with the most accurate data available to us. We assume validity and precision of the data sources. All remaining errors are our's.
| Bank Name |
Bank Location |
Date of Failure |
Report |
| High Desert State Bank |
Albuquerque , NM |
June 25, 2010 |
PDF |
| First National Bank |
Savannah , GA |
June 25, 2010 |
PDF |
| Peninsula Bank |
Englewood , FL |
June 25, 2010 |
PDF |
| Nevada Security Bank |
Reno , NV |
June 18, 2010 |
PDF |
| Washington First International Bank |
Seattle , WA |
June 11, 2010 |
PDF |
| TierOne Bank |
Lincoln , NE |
June 4, 2010 |
PDF |
| Arcola Homestead Savings Bank |
Arcola , IL |
June 4, 2010 |
PDF |
| First National Bank |
Rosedale , MS |
June 4, 2010 |
PDF |
| Sun West Bank |
Las Vegas , NV |
May 28, 2010 |
PDF |
| Granite Community Bank, NA |
Granite Bay , CA |
May 28, 2010 |
PDF |
| Bank of Florida - Tampa |
Tampa , FL |
May 28, 2010 |
PDF |
| Bank of Florida - Southwest |
Naples , FL |
May 28, 2010 |
PDF |
| Bank of Florida - Southeast |
Fort Lauderdale , FL |
May 28, 2010 |
PDF |
| Pinehurst Bank |
Saint Paul , MN |
May 21, 2010 |
PDF |
| Midwest Bank and Trust Company |
Elmwood Park , IL |
May 14, 2010 |
PDF |
| Southwest Community Bank |
Springfield , MO |
May 14, 2010 |
PDF |
| New Liberty Bank |
Plymouth , MI |
May 14, 2010 |
PDF |
| Satilla Community Bank |
Saint Marys , GA |
May 14, 2010 |
PDF |
| 1st Pacific Bank of California |
San Diego , CA |
May 7, 2010 |
PDF |
| Towne Bank of Arizona |
Mesa , AZ |
May 7, 2010 |
PDF |
| Access Bank |
Champlin , MN |
May 7, 2010 |
PDF |
| The Bank of Bonifay |
Bonifay , FL |
May 7, 2010 |
PDF |
| Frontier Bank |
Everett , WA |
April 30, 2010 |
PDF |
| BC National Banks |
Butler , MO |
April 30, 2010 |
PDF |
| Champion Bank |
Creve Coeur , MO |
April 30, 2010 |
PDF |
| CF Bancorp |
Port Huron , MI |
April 30, 2010 |
PDF |
| Westernbank Puerto Rico |
Mayaguez , PR |
April 30, 2010 |
PDF |
| R-G Premier Bank of Puerto Rico |
Hato Rey , PR |
April 30, 2010 |
PDF |
| Eurobank |
San Juan , PR |
April 30, 2010 |
PDF |
| Wheatland Bank |
Naperville , IL |
April 23, 2010 |
PDF |
| Peotone Bank and Trust Company |
Peotone , IL |
April 23, 2010 |
PDF |
| Lincoln Park Savings Bank |
Chicago , IL |
April 23, 2010 |
PDF |
| New Century Bank |
Chicago , IL |
April 23, 2010 |
PDF |
| Citizens Bank and Trust Company of Chicago |
Chicago , IL |
April 23, 2010 |
PDF |
| Broadway Bank |
Chicago , IL |
April 23, 2010 |
PDF |
| Amcore Bank, National Association |
Rockford , IL |
April 23, 2010 |
PDF |
| City Bank |
Lynnwood , WA |
April 16, 2010 |
PDF |
| Tamalpais Bank |
San Rafael , CA |
April 16, 2010 |
PDF |
| Innovative Bank |
Oakland , CA |
April 16, 2010 |
PDF |
| Butler Bank |
Lowell , MA |
April 16, 2010 |
PDF |
| Riverside National Bank of Florida |
Fort Pierce , FL |
April 16, 2010 |
PDF |
| AmericanFirst Bank |
Clermont , FL |
April 16, 2010 |
PDF |
| First Federal Bank of North Florida |
Palatka , FL |
April 16, 2010 |
PDF |
| Lakeside Community Bank |
Sterling Heights , MI |
April 16, 2010 |
PDF |
| Beach First National Bank |
Myrtle Beach , SC |
April 9, 2010 |
PDF |
| Desert Hills Bank |
Phoenix, AZ |
March 26, 2010 |
PDF |
| Unity National Bank |
Cartersville, GA |
March 26, 2010 |
PDF |
| Key West Bank |
Key West, FL |
March 26, 2010 |
PDF |
| McIntosh Commercial Bank |
Carrollton, GA |
March 26, 2010 |
PDF |
| State Bank of Aurora |
Aurora, MN |
March 19, 2010 |
PDF |
| First Lowndes Bank |
Fort Deposit, AL |
March 19, 2010 |
PDF |
| Bank of Hiawassee |
Hiawassee, GA |
March 19, 2010 |
PDF |
| Appalachian Community Bank |
Ellijay, GA |
March 19, 2010 |
PDF |
| Advanta Bank Corp. |
Draper, UT |
March 19, 2010 |
PDF |
| Century Security Bank |
Duluth, GA |
March 19, 2010 |
PDF |
| American National Bank |
Parma, OH |
March 19, 2010 |
PDF |
| Statewide Bank |
Covington, LA |
March 12, 2010 |
PDF |
| Old Southern Bank |
Orlando, FL |
March 12, 2010 |
PDF |
| The Park Avenue Bank |
New York, NY |
March 12, 2010 |
PDF |
| LibertyPointe Bank |
New York, NY |
March 11, 2010 |
PDF |
| Centennial Bank |
Ogden, UT |
March 5, 2010 |
PDF |
| Waterfield Bank |
Germantown, MD |
March 5, 2010 |
PDF |
| Bank of Illinois |
Normal, IL |
March 5, 2010 |
PDF |
| Sun American Bank |
Boca Raton, FL |
March 5, 2010 |
PDF |
| Rainier Pacific Bank |
Tacoma, WA |
February 26, 2010 |
PDF |
| Carson River Community Bank |
Carson City, NV |
February 26, 2010 |
PDF |
| La Jolla Bank, FSB |
La Jolla, CA |
February 19, 2010 |
PDF |
| George Washington Savings Bank |
Orland Park, IL |
February 19, 2010 |
PDF |
| The La Coste National Bank |
La Coste, TX |
February 19, 2010 |
PDF |
| Marco Community Bank |
Marco Island, FL |
February 19, 2010 |
PDF |
| 1st American State Bank of Minnesota |
Hancock, MN |
February 5, 2010 |
PDF |
| American Marine Bank |
Bainbridge Island, WA |
January 29, 2010 |
PDF |
| First Regional Bank |
Los Angeles, CA |
January 29, 2010 |
PDF |
| Community Bank and Trust |
Cornelia, GA |
January 29, 2010 |
PDF |
| Marshall Bank, N.A. |
Hallock, MN |
January 29, 2010 |
PDF |
| Florida Community Bank |
Immokalee, FL |
January 29, 2010 |
PDF |
| First National Bank of Georgia |
Carrollton, GA |
January 29, 2010 |
PDF |
| Columbia River Bank |
The Dalles, OR |
January 22, 2010 |
PDF |
| Evergreen Bank |
Seattle, WA |
January 22, 2010 |
PDF |
| Charter Bank |
Santa Fe, NM |
January 22, 2010 |
PDF |
| Bank of Leeton |
Leeton, MO |
January 22, 2010 |
PDF |
| Premier American Bank |
Miami, FL |
January 22, 2010 |
PDF |
| Barnes Banking Company |
Kaysville, UT |
January 15, 2010 |
PDF |
| St. Stephen State Bank |
St. Stephen, MN |
January 15, 2010 |
PDF |
| Town Community Bank & Trust |
Antioch, IL |
January 15, 2010 |
PDF |
| Horizon Bank |
Bellingham, WA |
January 8, 2010 |
PDF |
| First Federal Bank of California, F.S.B. |
Santa Monica, CA |
December 18, 2009 |
PDF |
| Imperial Capital Bank |
La Jolla, CA |
December 18, 2009 |
PDF |
| Independent Bankers' Bank |
Springfield, IL |
December 18, 2009 |
PDF |
| New South Federal Savings Bank |
Irondale, AL |
December 18, 2009 |
PDF |
| Citizens State Bank |
New Baltimore, MI |
December 18, 2009 |
PDF |
| Peoples First Community Bank |
Panama City, FL |
December 18, 2009 |
PDF |
| RockBridge Commercial Bank |
Atlanta, GA |
December 18, 2009 |
PDF |
| SolutionsBank |
Overland Park, KS |
December 11, 2009 |
PDF |
| Valley Capital Bank, N.A. |
Mesa, AZ |
December 11, 2009 |
PDF |
| Republic Federal Bank, N.A. |
Miami, FL |
December 11, 2009 |
PDF |
| Greater Atlantic Bank |
Reston, VA |
December 4, 2009 |
PDF |
| Benchmark Bank |
Aurora, IL |
December 4, 2009 |
PDF |
| AmTrust Bank |
Cleveland, OH |
December 4, 2009 |
PDF |
| The Tattnall Bank |
Reidsville, GA |
December 4, 2009 |
PDF |
| First Security National Bank |
Norcross, GA |
December 4, 2009 |
PDF |
| The Buckhead Community Bank |
Atlanta, GA |
December 4, 2009 |
PDF |
| Commerce Bank of Southwest Florida |
Fort Myers, FL |
November 20, 2009 |
PDF |
| Pacific Coast National Bank |
San Clemente, CA |
November 13, 2009 |
PDF |
| Orion Bank |
Naples, FL |
November 13, 2009 |
PDF |
| First Century Bank, F.S.B. |
Sarasota, FL |
November 13, 2009 |
PDF |
| United Commercial Bank |
San Francisco, CA |
November 6, 2009 |
PDF |
| Gateway Bank of St. Louis |
St. Louis, MO |
November 6, 2009 |
PDF |
| Prosperan Bank |
Oakdale, MN |
November 6, 2009 |
PDF |
| Home Federal Savings Bank |
Detroit, MI |
November 6, 2009 |
PDF |
| United Security Bank |
Sparta, GA |
November 6, 2009 |
PDF |
| North Houston Bank |
Houston, TX |
October 30, 2009 |
PDF |
| Madisonville State Bank |
Madisonville, TX |
October 30, 2009 |
PDF |
| Citizens National Bank |
Teague, TX |
October 30, 2009 |
PDF |
| Park National Bank |
Chicago, IL |
October 30, 2009 |
PDF |
| Pacific National Bank |
San Francisco, CA |
October 30, 2009 |
PDF |
| California National Bank |
Los Angeles, CA |
October 30, 2009 |
PDF |
| San Diego National Bank |
San Diego, CA |
October 30, 2009 |
PDF |
| Community Bank of Lemont |
Lemont, IL |
October 30, 2009 |
PDF |
| Bank USA, N.A. |
Phoenix, AZ |
October 30, 2009 |
PDF |
| First DuPage Bank |
Westmont, IL |
October 23, 2009 |
PDF |
| Riverview Community Bank |
Otsego, MN |
October 23, 2009 |
PDF |
| Bank of Elmwood |
Racine, WI |
October 23, 2009 |
PDF |
| Flagship National Bank |
Bradenton, FL |
October 23, 2009 |
PDF |
| Hillcrest Bank of Florida |
Naples, FL |
October 23, 2009 |
PDF |
| American United Bank |
Lawrenceville, GA |
October 23, 2009 |
PDF |
| Partners Bank |
Naples, FL |
October 23, 2009 |
PDF |
| San Joaquin Bank |
Bakersfield, CA |
October 16, 2009 |
PDF |
| Southern Colorado National Bank |
Pueblo, CO |
October 2, 2009 |
PDF |
| Jennings State Bank |
Spring Grove, MN |
October 2, 2009 |
PDF |
| Warren Bank |
Warren, MI |
October 2, 2009 |
PDF |
| Georgian Bank |
Atlanta, GA |
September 25, 2009 |
PDF |
| Irwin Union Bank, F.S.B. |
Louisville, KY |
September 18, 2009 |
PDF |
| Irwin Union Bank and Trust Company |
Columbus, IN |
September 18, 2009 |
PDF |
| Venture Bank |
Lacey, WA |
September 11, 2009 |
PDF |
| Brickwell Community Bank |
Woodbury, MN |
September 11, 2009 |
PDF |
| Corus Bank, N.A. |
Chicago, IL |
September 11, 2009 |
PDF |
| First State Bank |
Flagstaff, AZ |
September 4, 2009 |
PDF |
| Platinum Community Bank |
Rolling Meadows, IL |
September 4, 2009 |
PDF |
| Vantus Bank |
Sioux City, IA |
September 4, 2009 |
PDF |
| InBank |
Oak Forest, IL |
September 4, 2009 |
PDF |
| First Bank of Kansas City |
Kansas City, MO |
September 4, 2009 |
PDF |
| Affinity Bank |
Ventura, CA |
August 28, 2009 |
PDF |
| Mainstreet Bank |
Forest Lake, MN |
August 28, 2009 |
PDF |
| Bradford Bank |
Baltimore, MD |
August 28, 2009 |
PDF |
| Guaranty Bank |
Austin, TX |
August 21, 2009 |
PDF |
| CapitalSouth Bank |
Birmingham, AL |
August 21, 2009 |
PDF |
| First Coweta Bank |
Newnan, GA |
August 21, 2009 |
PDF |
| ebank |
Atlanta, GA |
August 21, 2009 |
PDF |
| Community Bank of Nevada |
Las Vegas, NV |
August 14, 2009 |
PDF |
| Community Bank of Arizona |
Phoenix, AZ |
August 14, 2009 |
PDF |
| Union Bank, National Association |
Gilbert, AZ |
August 14, 2009 |
PDF |
| Colonial Bank |
Montgomery, AL |
August 14, 2009 |
PDF |
| Dwelling House Savings and Loan Association |
Pittsburgh, PA |
August 14, 2009 |
PDF |
| Community First Bank |
Prineville, OR |
August 7, 2009 |
PDF |
| Community National Bank of Sarasota County |
Venice, FL |
August 7, 2009 |
PDF |
| First State Bank |
Sarasota, FL |
August 7, 2009 |
PDF |
| Mutual Bank |
Harvey, IL |
July 31, 2009 |
PDF |
| First BankAmericano |
Elizabeth, NJ |
July 31, 2009 |
PDF |
| Peoples Community Bank |
West Chester, OH |
July 31, 2009 |
PDF |
| Integrity Bank |
Jupiter, FL |
July 31, 2009 |
PDF |
| First State Bank of Altus |
Altus, OK |
July 31, 2009 |
PDF |
| Security Bank of Jones County |
Gray, GA |
July 24, 2009 |
PDF |
| Security Bank of Houston County |
Perry, GA |
July 24, 2009 |
PDF |
| Security Bank of Bibb County |
Macon, GA |
July 24, 2009 |
PDF |
| Security Bank of North Metro |
Woodstock, GA |
July 24, 2009 |
PDF |
| Security Bank of North Fulton |
Alpharetta, GA |
July 24, 2009 |
PDF |
| Security Bank of Gwinnett County |
Suwanee, GA |
July 24, 2009 |
PDF |
| Waterford Village Bank |
Williamsville, NY |
July 24, 2009 |
PDF |
| Temecula Valley Bank |
Temecula, CA |
July 17, 2009 |
PDF |
| Vineyard Bank |
Rancho Cucamonga, CA |
July 17, 2009 |
PDF |
| BankFirst |
Sioux Galls, SD |
July 17, 2009 |
PDF |
| First Piedmont Bank |
Winder, GA |
July 17, 2009 |
PDF |
| Bank of Wyoming |
Thermopolis, WY |
July 10, 2009 |
PDF |
| Founders Bank |
Worth, IL |
July 2, 2009 |
PDF |
| Millennium State Bank of Texas |
Dallas, TX |
July 2, 2009 |
PDF |
| First National Bank of Danville |
Danville, IL |
July 2, 2009 |
PDF |
| Elizabeth State Bank |
Elizabeth, IL |
July 2, 2009 |
PDF |
| Rock River Bank |
Oregon, IL |
July 2, 2009 |
PDF |
| First State Bank of Winchester |
Winchester, IL |
July 2, 2009 |
PDF |
| John Warner Bank |
Clinton, IL |
July 2, 2009 |
PDF |
| Community Bank of West Georgia |
Villa Rica, GA |
June 26, 2009 |
PDF |
| Neighborhood Community Bank |
Newnan, GA |
June 26, 2009 |
PDF |
| Horizon Bank |
Pine City, MN |
June 26, 2009 |
PDF |
| MetroPacific Bank |
Irvine, CA |
June 26, 2009 |
PDF |
| Mirae Bank |
Los Angeles, CA |
June 26, 2009 |
PDF |
| Southern Community Bank |
Fayetteville, GA |
June 19, 2009 |
PDF |
| Cooperative Bank |
Wilmington, NC |
June 19, 2009 |
PDF |
| First National Bank of Anthony |
Anthony, KS |
June 19, 2009 |
PDF |
| Bank of Lincolnwood |
Lincolnwood, IL |
June 5 , 2009 |
PDF |
| Citizens National Bank |
Macomb, IL |
May 22, 2009 |
PDF |
| Strategic Capital Bank |
Champaign, IL |
May 22, 2009 |
PDF |
| BankUnited, FSB |
Coral Gables, FL |
May 21, 2009 |
PDF |
| Westsound Bank |
Bremerton, WA |
May 8, 2009 |
PDF |
| Silverton Bank, NA |
Atlanta, GA |
May 1, 2009 |
PDF |
| Citizens Community Bank |
Ridgewood, NJ |
May 1, 2009 |
PDF |
| America West Bank |
Layton, UT |
May 1, 2009 |
PDF |
| First Bank of Idaho |
Ketchum, ID |
April 24, 2009 |
PDF |
| First Bank of Beverly Hills |
Calabasas, CA |
April 24, 2009 |
PDF |
| Michigan Heritage Bank |
Farmington Hills, MI |
April 24, 2009 |
PDF |
| American Southern Bank |
Kennesaw, GA |
April 24, 2009 |
PDF |
| American Sterling Bank |
Sugar Creek, MO |
April 17, 2009 |
PDF |
| Great Basin Bank of Nevada |
Elko, NV |
April 17, 2009 |
PDF |
| New Frontier Bank |
Greeley, CO |
April 10, 2009 |
PDF |
| Cape Fear Bank |
Wilmington, NC |
April 10, 2009 |
PDF |
| Omni National Bank |
Atlanta, GA |
March 27, 2009 |
PDF |
| FirstCity Bank |
Stockbridge, GA |
March 20, 2009 |
PDF |
| Colorado National Bank |
Colorado Springs, CO |
March 20, 2009 |
PDF |
| TeamBank, NA |
Paola, KS |
March 20, 2009 |
PDF |
| Freedom Bank of Georgia |
Commerce, GA |
March 6, 2009 |
PDF |
| Security Savings Bank |
Henderson, NV |
February 27, 2009 |
PDF |
| Heritage Community Bank |
Glenwood, IL |
February 27, 2009 |
PDF |
| Silver Falls Bank |
Silverton, OR |
February 20, 2009 |
PDF |
| Sherman County Bank |
Loup City, NE |
February 13, 2009 |
PDF |
| Riverside Bank of the Gulf Coast |
Cape Coral, FL |
February 13, 2009 |
PDF |
| Corn Belt Bank & Trust Co. |
Pittsfield, IL |
February 13, 2009 |
PDF |
| Pinnacle Bank of Oregon |
Beaverton, OR |
February 13, 2009 |
PDF |
| FirstBank Financial Services |
McDonough, GA |
February 6, 2009 |
PDF |
| Alliance Bank |
Culver City, CA |
February 6, 2009 |
PDF |
| County Bank |
Merced, CA |
February 6, 2009 |
PDF |
| MagnetBank |
Salt Lake City, UT |
January 30, 2009 |
PDF |
| Suburban FSB |
Crofton, MD |
January 30, 2009 |
PDF |
| Ocala National Bank |
Ocala, FL |
January 30, 2009 |
PDF |
| 1st Centennial Bank |
Redlands, CA |
January 23, 2009 |
PDF |
| Bank of Clark County |
Vancouver, WA |
January 16, 2009 |
PDF |
| National Bank of Commerce |
Berkeley, IL |
January 16, 2009 |
PDF |
| Sanderson State Bank |
Sanderson, TX |
December 12, 2008 |
PDF |
| Haven Trust Bank |
Duluth, GA |
December 12, 2008 |
PDF |
| First Georgia Community Bank |
Jackson, GA |
December 5, 2008 |
PDF |
| PFF Bank & Trust |
Pomona, CA |
November 21, 2008 |
PDF |
| Downey Savings & Loan |
Newport Beach, CA |
November 21, 2008 |
PDF |
| Community Bank |
Loganville, GA |
November 21, 2008 |
PDF |
| Security Pacific Bank |
Los Angeles, CA |
November 7, 2008 |
PDF |
| Franklin Bank, SSB |
Houston, TX |
November 7, 2008 |
PDF |
| Freedom Bank |
Bradenton, FL |
October 31, 2008 |
PDF |
| Alpha Bank & Trust |
Alpharetta, GA |
October 24, 2008 |
PDF |
| Meridian Bank |
Eldred, IL |
October 10, 2008 |
PDF |
| Main Street Bank |
Northville, MI |
October 10, 2008 |
PDF |
| Wachovia Bank, NA** |
Charlotte, NC |
September 29, 2008 |
PDF |
| Washington Mutual Bank |
Henderson, NV |
September 25, 2008 |
PDF |
| Ameribank |
Northfolk, WV |
September 19, 2008 |
PDF |
| Silver State Bank |
Henderson, NV |
September 5, 2008 |
PDF |
| Integrity Bank |
Alpharetta, GA |
August 29, 2008 |
PDF |
| Columbian Bank & Trust |
Topeka, KS |
August 22, 2008 |
PDF |
| First Priority Bank |
Bradenton, FL |
Auguest 1, 2008 |
PDF |
| First National Bank of Nevada |
Reno, NV |
July 25, 2008 |
PDF |
| First Heritage Bank, NA |
Newport Beach, CA |
July 25, 2008 |
PDF |
| IndyMac Bank |
Pasadena, CA |
July 11, 2008 |
PDF |
| First Integrity Bank, NA |
Staples, MN |
May 30, 2008 |
PDF |
| ANB Financial, NA |
Bentonville, AR |
May 9, 2008 |
PDF |
| Hume Bank |
Hume, MO |
March 7, 2008 |
PDF |
| Douglass National Bank |
Kansas City, MO |
January 25, 2008 |
PDF |
|
