Banks and Thrifts with the Highest Adjusted Nonperforming Loan Ratios

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On Dec. 31, 2017. Dollars in thousands.

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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. (www.snl.com)