On Dec. 31, 2017. Dollars in thousands.
Banks and Thrifts with the Highest Adjusted Nonperforming Loan Ratios
Adjusted nonperforming loan ratio* | ||||||||||
Rank | Name | City | State | Parent Name | Company Type | Dec. 31 | Year earlier | Nonperformers** | Net chargeoffs*** | Assets |
1 | State Central Bank | Bonaparte | Iowa | Logan Investment Corporation | Commercial Bank | $37.17 | $36.29 | $7,903 | 0.24 | $39,997 |
2 | Markesan State Bank | Markesan | Wis. | Markesan Bancshares, Inc. | Commercial Bank | 24.52 | 12.95 | 27,286 | 2.00 | 150,229 |
3 | Beach Community Bank | Fort Walton Beach | Fla. | Beach Community Bancshares, Inc. | Commercial Bank | 21.67 | 24.10 | 69,670 | 0.34 | 496,014 |
4 | First State Bank | Barboursville | W.Va. | First Bankshares, Inc. | Commercial Bank | 16.40 | 16.47 | 21,098 | 0.75 | 181,947 |
5 | First City Bank of Florida | Fort Walton Beach | Fla. | Florida First City Banks, Inc. | Commercial Bank | 15.95 | 16.44 | 18,775 | 0.19 | 188,376 |
6 | State Bank & Trust Company | Golden Meadow | La. | SBT Bancshares, Inc. | Commercial Bank | 14.92 | 13.86 | 13,648 | 1.33 | 118,008 |
7 | West Texas State Bank | Snyder | Tex. | WTSB Bancorp, Inc. | Commercial Bank | 14.75 | 21.95 | 9,771 | 4.00 | 122,257 |
8 | Bank of Hazlehurst | Hazlehurst | Ga. | Hazlehurst Investors, Inc. | Commercial Bank | 13.53 | 4.36 | 9,632 | 2.42 | 130,532 |
9 | Carter Bank & Trust | Martinsville | Va. | Commercial Bank | 12.41 | 7.23 | 333,271 | 1.57 | 4,112,292 | |
10 | Stonebridge Bank | West Chester | Pa. | Stonebridge Financial Corp. | Commercial Bank | 11.66 | 14.56 | 5,296 | 1.79 | 62,736 |
11 | First State Bank of Swanville | Swanville | Minn. | Swanville Bancshares, Inc. | Commercial Bank | 11.27 | 8.74 | 1,927 | -0.01 | 26,069 |
12 | Interamerican Bank, A FSB | Miami | Fla. | Savings & Loan Assoc | 10.86 | 11.97 | 17,420 | -0.02 | 204,750 | |
13 | Merchants Commercial Bank | Saint Thomas | V.I. | Commercial Bank | 10.57 | 12.16 | 10,319 | 1.05 | 191,878 | |
14 | Lafayette State Bank | Mayo | Fla. | Commercial Bank | 10.32 | 34.13 | 5,574 | 1.16 | 82,133 | |
15 | Gateway Bank, F.S.B. | Oakland | Calif. | Savings & Loan Assoc | 10.12 | 12.66 | 7,842 | 0.02 | 119,771 | |
16 | First State Bank of Healy | Healy | Kan. | Commercial Bank | 10.03 | 15.88 | 4,325 | 3.80 | 81,822 | |
17 | Martinsville First Savings Bank | Martinsville | Va. | Savings & Loan Assoc | 9.70 | 8.81 | 2,170 | 0.06 | 41,552 | |
18 | Lake Country Community Bank | Morristown | Minn. | Morristown Holding Company | Commercial Bank | 9.66 | 2.95 | 1,642 | 0.13 | 26,053 |
19 | Security State Bank | Iron River | Wis. | Security Bank Shares, Inc. | Commercial Bank | 9.45 | 11.46 | 6,219 | 0.25 | 92,471 |
20 | Peoples Bank & Trust Company of Hazard | Hazard | Ky. | Hazard Bancorp | Commercial Bank | 9.41 | 10.91 | 17,957 | 1.35 | 246,971 |
21 | First BanCorp. | San Juan | P.R. | Bank Holding Company | 9.40 | 10.49 | 834,685 | 1.32 | 12,261,268 | |
22 | Baxter State Bank | Baxter Springs | Kan. | Baxter Bancshares, Inc. | Commercial Bank | 9.35 | 3.71 | 1,392 | 1.47 | 29,199 |
23 | First Credit Bank | Los Angeles | Calif. | Commercial Bank | 9.27 | 9.64 | 29,485 | 0.00 | 460,352 | |
24 | First Commercial Bank | Dexter | Mo. | Gideon Bancshares Company | Commercial Bank | 8.89 | 7.30 | 13,382 | 0.01 | 228,224 |
25 | Santander Holdings USA, Inc. | Boston | Mass. | Banco Santander, SA | Bank Holding Company | 8.83 | 6.80 | 7,354,497 | 3.00 | 128,294,029 |
26 | Citizens Savings Bank | Bogalusa | La. | Savings Bank | 8.82 | 9.57 | 15,693 | 0.29 | 222,847 | |
27 | St. Landry Homestead Federal Savings Bank | Opelousas | La. | Savings & Loan Assoc | 8.81 | 8.89 | 14,578 | 0.18 | 214,349 | |
28 | First NaturalState Bank | McGehee | Ark. | First National Financial Corporation | Commercial Bank | 8.71 | 0.64 | 2,596 | 0.03 | 51,086 |
29 | Fidelity Bank of Florida, National Association | Merritt Island | Fla. | Commercial Bank | 8.59 | 12.02 | 10,165 | 0.31 | 171,382 | |
30 | Grand Timber Bank | McGregor | Minn. | McGregor Banco, Inc. | Commercial Bank | 8.57 | 8.08 | 2,288 | 0.01 | 41,638 |
31 | Valley Bank of Nevada | North Las Vegas | Nev. | Commercial Bank | 8.51 | 12.12 | 6,885 | -0.39 | 128,517 | |
32 | Beal Financial Corporation | Plano | Tex. | Savings & Loan HC | 8.38 | 11.65 | 435,970 | 1.22 | 7,402,871 | |
33 | Tri-State Bank of Memphis | Memphis | Tenn. | Commercial Bank | 8.31 | 6.47 | 4,954 | 0.50 | 86,651 | |
34 | Bank, The | Oberlin | Kan. | Decatur Investment, Inc. | Commercial Bank | 8.21 | 1.06 | 23,485 | 0.00 | 355,965 |
35 | Bank of Washington | Washington | Mo. | Diamond Bancorp, Inc. | Commercial Bank | 8.15 | 10.41 | 41,669 | -0.02 | 636,075 |
36 | WestSide Bank | Hiram | Ga. | Commercial Bank | 8.13 | 16.83 | 6,136 | 0.08 | 122,496 | |
37 | Peoples Bank | Eatonton | Ga. | Peoples Bankshares, Inc. | Commercial Bank | 8.10 | 9.10 | 6,088 | 0.12 | 122,416 |
38 | South Carolina Community Bank | Columbia | S.C. | SCCB Financial Corporation | Commercial Bank | 8.09 | 27.25 | 2,564 | 2.18 | 52,586 |
39 | 1st Equity Bank Northwest | Buffalo Grove | Ill. | Northwest Equity Corp. | Commercial Bank | 8.08 | 0.93 | 2,792 | -0.14 | 42,472 |
40 | Gunnison Valley Bank | Gunnison | Utah | GV Bancorp, Inc. | Commercial Bank | 8.07 | 4.19 | 5,192 | 1.63 | 76,086 |
41 | Urban Partnership Bank | Chicago | Ill. | Commercial Bank | 8.01 | 8.55 | 28,679 | -0.77 | 472,317 | |
42 | Citizens State Bank of Hayfield | Hayfield | Minn. | Country Bankers, Inc. | Commercial Bank | 8.00 | 6.89 | 5,749 | 0.02 | 91,067 |
43 | First Federal Savings and Loan Association of Lorain | Lorain | Ohio | Savings & Loan Assoc | 7.99 | 6.96 | 19,068 | 0.02 | 416,136 | |
44 | Farmers & Merchants Bank | Lakeland | Ga. | FMB Bancshares, Inc. | Commercial Bank | 7.94 | 8.28 | 30,895 | 0.55 | 514,938 |
45 | Geauga Savings Bank | Newbury | Ohio | Maple Leaf Financial, Inc. | Savings Bank | 7.92 | 10.74 | 13,495 | -0.04 | 299,225 |
46 | Thayer County Bank | Hebron | Neb. | Thayer Agency, Inc. | Commercial Bank | 7.86 | 4.41 | 2,756 | -0.06 | 59,405 |
47 | Putnam County Bank | Hurricane | W.Va. | Putnam Bancshares, Inc. | Commercial Bank | 7.84 | 5.56 | 30,767 | 1.77 | 621,192 |
Data from preliminary quarterly call reports. Excludes institutions whose loans were less than 50% of assets.
*Nonperforming loans net of the delinquent U.S. government-guaranteed portion, divided by total loans.
**Sum total of nonaccruing loans (excluding debt securities and other assets) and restructured loans, minus the guaranteed portion of nonaccruing loans wholly or partially guaranteed by the U.S. government.
***Chargeoffs, minus recoveries credited to the loan allowance. For savings institutions, net chargeoffs related to specific valuation allowance are included. Divided by average loans and leases.
Figures for prior periods are not adjusted for mergers and acquisitions. Rankings include only companies current as of Mar. 30, 2018.
© 2018 American Banker
Source: SNL Financial, Charlottesville, Va. (