Delinquent Mortgages Continue to Threaten Health of U.S. Banks
25 Large Banks with the Most Mortgage Exposure
Delinquent mortgages continue to threaten the financial health and safety of the nation's largest banks. Weiss Ratings reviewed 218 large banks and thrifts holding $500 million or more in single-family mortgages and analyzed the percentage of problem loans to capital plus loan loss reserves1. This ratio measures how much of an institution's capital is at risk from loans that are unlikely to be repaid and is a leading indicator of a bank's overall financial vulnerability.
This table includes the 25 large banks with the most mortgage exposure. These are individual bank entities not bank holding companies that might include many individual subsidiaries. “Also see ratios for the 25 largest bank mortgage lenders.”
Institution |
City |
State |
|
Delinquent Mortgages as a % of Capital and Loan Loss Reserves |
Total Assets ($Bil) |
Total Mortgages ($Bil) |
Total Capital + Loan Loss Reserves ($Bil) |
| Bank of America Rhode Island, NA |
Providence |
RI |
C- |
63.7% |
18.6 |
12.9 |
2.3 |
| Bank of America California, NA |
San Francisco |
CA |
C |
53.2% |
17.7 |
14.8 |
2.1 |
| MetLife Bank, NA |
Morristown |
NJ |
D- |
49.6% |
15.6 |
3.9 |
1.3 |
| California Bank & Trust |
San Diego |
CA |
C+ |
48.3% |
10.8 |
1.2 |
1.2 |
| Bank of America Oregon, NA |
Portland |
OR |
C+ |
42.2% |
9.8 |
7.7 |
1.5 |
| Doral Bank |
San Juan |
PR |
D- |
40.6% |
7.5 |
2.9 |
1.0 |
| Wells Fargo Bank South Central, NA |
Houston |
TX |
C- |
34.9% |
29.8 |
27.9 |
4.2 |
| Old National Bank |
Evansville |
IN |
C- |
32.0% |
7.9 |
0.9 |
0.1 |
| Banco Popular de Puerto Rico |
San Juan |
PR |
D- |
29.9% |
29.0 |
3.0 |
2.9 |
| JPMorgan Bank and Trust Company, NA |
San Francisco |
CA |
D- |
28.6% |
26.0 |
7.3 |
1.7 |
| IBERIABANK |
Lafayette |
LA |
C+ |
28.1% |
9.9 |
1.0 |
0.9 |
| FirstBank Puerto Rico |
San Juan |
PR |
D- |
27.6% |
15.1 |
2.6 |
1.8 |
| Beal Bank Nevada |
Las Vegas |
NV |
B |
25.9% |
6.8 |
0.6 |
0.7 |
| Wells Fargo Bank, NA |
Sioux Falls |
SD |
D |
24.5% |
1,093.0 |
181.5 |
142.7 |
| Bank of America, NA |
Charlotte |
NC |
D+ |
23.6% |
1,451.4 |
233.4 |
198.7 |
| JPMorgan Chase Bank, NA |
Columbus |
OH |
D |
22.7% |
1,723.5 |
114.7 |
145.4 |
| Emigrant Bank |
New York |
NY |
C- |
21.3% |
8.4 |
1.3 |
1.2 |
| Banco Santander Puerto Rico |
San Juan |
PR |
D |
19.5% |
6.8 |
2.1 |
1.0 |
| SunTrust Bank |
Atlanta |
GA |
D |
13.7% |
164.8 |
26.2 |
22.5 |
| U.S. Bank NA |
Cincinnati |
OH |
D+ |
12.4% |
306.0 |
40.0 |
35.2 |
| PNC Bank, NA |
Wilmington |
DE |
C- |
11.9% |
251.2 |
20.4 |
36.3 |
| TCF National Bank |
Sioux Falls |
SD |
C- |
11.0% |
18.6 |
4.5 |
1.9 |
| First Tennessee Bank, NA |
Memphis |
TN |
C+ |
10.6% |
24.2 |
2.2 |
3.8 |
| Branch Banking and Trust Company |
Winston-Salem |
NC |
C- |
8.3% |
151.0 |
27.2 |
19.9 |
| Provident Bank |
Iselin |
NJ |
C |
7.4% |
6.8 |
1.6 |
0.6 |
Data Source: Regulatory filings via SNL Financial
Data Date: March 31, 2011
- Nonperforming loans are defined as those 90-days or more past due or nonaccruing.