Good Bank, Bad Bank

by Kirk Kinder on May 30, 2010

If you want some impartial analysis about local and national banks, you should head over to Weiss Research. The folks at Weiss is offering free access to the banks on their trouble list as well as the top rated banks by state. Unlike Standard and Poors, Moody’s, and A.M. Best, Weiss Ratings is not paid by the companies they are rating.

The other agencies have an enormous conflict of interest since a bad rating on an institution could mean their revenue dries up. Imagine going into work on Monday and telling your boss she is overweight, obnoxious, ignorant. ugly, and Gomer Pylish. You probably wouldn’t keep your job for long, which is why the ratings agencies are pretty useless. Weiss makes its revenue from subscribers to the service, not the rated companies. So you get better advice.  The Weiss list goes through each state, but I am only listing the banks in Florida and Maryland since I have offices in both locations. I strongly recommend you spend a few minutes to get this information.

If your bank is not on the naughty or nice list, then it is probably a middle of the road bank. Also, just because a bank is on one of these lists does not mean it will go under (for the troubled list) or will survive (good boy list).  Also, if you bank at one of the big boys such as Bank of America, Citi, Wells Fargo, etc., you can probably bet your bank is on the troubled list.

The list goes by the name of the bank, the city location, assets (in $000s), and grade. You might notice that the good banks are outnumbered by the bad boys. Without further adieu…

The top ranked banks in Maryland:

Calvin B. Taylor Banking Company of Berlin, Maryland Berlin
MD
$388,240
A-
Jarrettsville Federal Savings & Loan Association Jarrettsville
MD
$89,069
B+
Middletown Valley Bank Middletown
MD
$140,670
A
Rosedale Federal Savings & Loan Association Baltimore
MD
$649,156
A+



The top graded banks in Florida:

Bank of Belle Glade Belle Glade
FL
$66,880
B+
Drummond Community Bank Chiefland
FL
$174,270
A+
First Federal Bank of Florida Lake City
FL
$833,227
A
Peoples Bank of Graceville Graceville
FL
$74,150
A



Now for the stinkers in Maryland:

Advance Bank Baltimore
MD
$76,216
D
American Bank Bethesda
MD
$507,966
D
Bank of the Eastern Shore Cambridge
MD
$233,210
D-
BankAnnapolis Annapolis
MD
$444,310
D+
Bay National Bank Lutherville
MD
$292,940
E-
Carrollton Bank Columbia
MD
$422,350
D+
Cecil Bank Elkton
MD
$508,810
D-
CFG Community Bank Baltimore
MD
$249,150
D
Chesapeake Bank of Maryland (MHC) Baltimore
MD
$202,327
D+
Colombo Bank Rockville
MD
$164,077
E+
CommerceFirst Bank Annapolis
MD
$200,370
D
Damascus Community Bank Damascus
MD
$230,690
D+
Eastern Savings Bank, FSB Hunt Valley
MD
$920,355
D-
Easton Bank & Trust Easton
MD
$158,040
D+
Farmers Bank of Willards Willards
MD
$334,410
D-
First Mariner Bank Baltimore
MD
$1,379,910
E-
First United Bank & Trust Oakland
MD
$1,736,890
D+
Fullerton Federal Savings Association Baltimore
MD
$9,042
D
Harbor Bank of Maryland Baltimore
MD
$304,560
D-
HarVest Bank of Maryland Gaithersburg
MD
$227,690
E+
Hebron Savings Bank Hebron
MD
$446,040
D+
Howard Bank Ellicott City
MD
$286,220
D+
Hull Federal Savings Bank Baltimore
MD
$25,993
D-
Ideal Federal Savings Bank Baltimore
MD
$6,315
E+
K Bank Owings Mills
MD
$612,260
E-
Liberty Federal Savings & Loan Association Baltimore
MD
$47,668
D
Madison Square Federal Savings Bank Baltimore
MD
$147,434
D
Maryland Bank & Trust Company NA Lexington Park
MD
$349,330
D-
Maryland Financial Bank Towson
MD
$83,190
D
NBRS Financial Bank Rising Sun
MD
$276,050
D-
New Windsor State Bank New Windsor
MD
$233,990
D-
Patapsco Bank Dundalk
MD
$260,380
D-
Peoples Bank Chestertown
MD
$254,380
D+
Presidential Bank, FSB Bethesda
MD
$604,222
D
Regal Bank & Trust Owings Mills
MD
$176,390
D-
Sandy Spring Bank Olney
MD
$3,631,190
D+
Severn Savings Bank, FSB Annapolis
MD
$962,420
D+
Sykesville Federal Savings Association Sykesville
MD
$93,514
D-
Vigilant Federal Savings Bank Baltimore
MD
$56,710
D-
Washington Savings Bank, F.S.B. Bowie
MD
$430,216
D-
Waterfield Bank Germantown
MD
$155,566
F
Wilmington Trust Federal Savings Bank Baltimore
MD
$2,370,357
D

,br>

And for the Sunshine State

1st National Bank of South Florida Homestead
FL
$282,480
D-
Alarion Bank Ocala
FL
$309,500
D+
American Enterprise Bank of Florida Jacksonville
FL
$202,180
D-
American Momentum Bank Tampa
FL
$573,410
D+
AmericanFirst Bank Clermont
FL
$90,500
F
Anchor Commercial Bank Palm Beach Gardens
FL
$165,890
D-
BAC Florida Bank Coral Gables
FL
$975,340
D
Bank of Bonifay Bonifay
FL
$255,130
F
Bank of Commerce Sarasota
FL
$337,900
E-
Bank of Coral Gables Coral Gables
FL
$158,610
D-
Bank of Florida – Southeast Fort Lauderdale
FL
$546,810
E-
Bank of Florida – Southwest Naples
FL
$687,040
E-
Bank of Florida – Tampa Bay Tampa
FL
$256,840
E-
Bank of Jackson County Graceville
FL
$35,520
E+
Bank of Miami, National Association Coral Gables
FL
$558,000
E
Bank of Naples Naples
FL
$198,280
D-
Bank of St. Augustine Saint Augustine
FL
$170,482
D+
BankAtlantic Fort Lauderdale
FL
$4,759,686
D-
BankFIRST Winter Park
FL
$604,250
D+
Bay Cities Bank Tampa
FL
$483,320
D-
Bayside Savings Bank Port Saint Joe
FL
$70,891
E-
BBU Bank Coral Gables
FL
$262,000
D
Beach Community Bank Fort Walton Beach
FL
$705,890
D-
Biscayne Bank Coconut Grove
FL
$267,140
D-
Capital City Bank Tallahassee
FL
$2,688,010
D-
CBC National Bank Fernandina Beach
FL
$461,080
D-
CenterBank of Jacksonville, National Association Jacksonville
FL
$184,850
D-
Centerstate Bank Central Florida, National Association Kissimmee
FL
$300,040
D+
CenterState Bank, N.A. Zephyrhills
FL
$362,990
D+
Central Florida State Bank Belleview
FL
$98,170
D-
Century Bank of Florida Tampa
FL
$75,300
D-
Charlotte State Bank Port Charlotte
FL
$239,950
D+
Citizens Bank & Trust Lake Wales
FL
$449,380
D-
Citizens Bank of Florida Oviedo
FL
$227,420
D
Citizens First Bank The Villages
FL
$1,157,990
D+
City National Bank of Florida Miami
FL
$4,454,440
D+
CNLBank Orlando
FL
$1,632,770
D-
Coastal Bank Cocoa Beach
FL
$149,125
E+
Coastal Bank and Trust of Florida Pensacola
FL
$1,777,340
D
Coastal Community Bank Panama City
FL
$364,590
E-
Coconut Grove Bank Miami
FL
$682,950
D-
Columbia Bank Lake City
FL
$245,810
D
Community Bank of Florida, Inc. Homestead
FL
$572,510
D-
Community Bank of Manatee Bradenton
FL
$265,600
D-
Community Bank, Destin Miramar Beach
FL
$52,350
D
Community National Bank At Bartow Bartow
FL
$75,960
E-
Continental National Bank of Miami Miami
FL
$251,020
D
Cornerstone Community Bank Saint Petersburg
FL
$317,740
E+
Cortez Community Bank Brooksville
FL
$81,970
D
Desjardins Bank, National Association Hallandale
FL
$151,100
D-
East Coast Community Bank Ormond Beach
FL
$92,660
E+
Eastern National Bank Miami
FL
$465,410
D-
Englewood Bank Englewood
FL
$189,880
D+
Enterprise Bank of Florida North Palm Beach
FL
$315,160
D-
Espirito Santo Bank Miami
FL
$553,020
D-
EuroBank Coral Gables
FL
$99,140
D-
Executive National Bank Miami
FL
$262,120
D-
Farmers & Merchants Bank Monticello
FL
$457,480
D+
Federal Trust Bank Sanford
FL
$562,257
E+
Fidelity Bank of Florida, National Association Merritt Island
FL
$417,110
D-
First America Bank Bradenton
FL
$275,650
D-
First Avenue National Bank Ocala
FL
$101,180
D
First Bank Clewiston
FL
$264,830
D
First Bank and Trust Company of Indiantown Indiantown
FL
$91,290
D
First Bank of Jacksonville Jacksonville
FL
$82,410
E-
First Bank of the Palm Beaches West Palm Beach
FL
$82,950
D-
First Capital Bank Marianna
FL
$51,440
E-
First Citrus Bank Tampa
FL
$237,050
D-
First City Bank of Florida Fort Walton Beach
FL
$293,700
E-
First Coast Community Bank Fernandina Beach
FL
$270,320
D
First Commercial Bank of Florida Orlando
FL
$668,770
D-
First Commercial Bank of Tampa Bay Tampa
FL
$141,360
E
First Community Bank of America Pinellas Park
FL
$549,339
D-
First Community Bank of Southwest Florida Fort Myers
FL
$309,570
E-
First East Side Savings Bank Tamarac
FL
$104,004
D-
First Federal Bank of North Florida Palatka
FL
$393,949
F
First Florida Bank Destin
FL
$99,510
D-
First Guaranty Bank and Trust Company of Jacksonville Jacksonville
FL
$441,760
D-
First Home Bank Seminole
FL
$97,150
D-
First National Bank of Central Florida Winter Park
FL
$445,400
D-
First National Bank of Crestview Crestview
FL
$153,130
D-
First National Bank of Florida Milton
FL
$372,540
D-
First National Bank of Mount Dora Mount Dora
FL
$206,700
D
First National Bank of South Miami South Miami
FL
$337,900
D-
First Peoples Bank Port Saint Lucie
FL
$252,760
E-
First Southern Bank Boca Raton
FL
$393,190
D-
First State Bank of the Florida Keys Key West
FL
$848,600
D
Flagler Bank West Palm Beach
FL
$126,940
D-
Flagship Community Bank Clearwater
FL
$84,990
D
Florida Bank Tampa
FL
$813,600
D-
Florida Bank of Commerce Orlando
FL
$169,380
D-
Florida Business Bank Melbourne
FL
$108,940
D
Florida Capital Bank, N.A. Jacksonville
FL
$962,890
E+
Florida Gulf Bank Fort Myers
FL
$366,170
D+
Floridian Community Bank, Inc. Davie
FL
$193,060
D-
Freedom Bank of America Saint Petersburg
FL
$100,440
E
Friends Bank New Smyrna Beach
FL
$157,920
D+
Gateway Bank of Florida Daytona Beach
FL
$184,540
D
Gibraltar Private Bank & Trust Co. Coral Gables
FL
$1,481,808
D-
Grand Bank & Trust of Florida West Palm Beach
FL
$480,700
D-
Great Eastern Bank of Florida Miami
FL
$64,680
D-
Great Florida Bank Miami Lakes
FL
$1,772,180
D-
Gulf Coast Community Bank Pensacola
FL
$263,920
D-
Gulf State Community Bank Carrabelle
FL
$120,650
E-
GulfSouth Private Bank Destin
FL
$209,060
D-
Haven Trust Bank Florida Ponte Vedra Beach
FL
$164,430
E-
Heartland National Bank Sebring
FL
$293,360
D+
Helm Bank USA Miami
FL
$704,310
D-
Heritage Bank of North Florida Orange Park
FL
$157,690
D-
Highlands Independent Bank Sebring
FL
$321,560
D-
Home Federal Bank of Hollywood Hallandale Beach
FL
$84,007
D-
HomeBanc, National Association Lake Mary
FL
$270,710
D
Horizon Bank Bradenton
FL
$199,930
E-
Independent Bankers’ Bank of Florida Lake Mary
FL
$473,690
E+
Independent National Bank Ocala
FL
$168,900
E-
Insignia Bank Sarasota
FL
$133,730
D-
Intercredit Bank, NA Miami
FL
$289,970
D-
International Finance Bank Miami
FL
$493,710
D-
Jacksonville Bank Jacksonville
FL
$438,370
D+
JGB Bank, National Association Miami
FL
$295,580
D-
Key West Bank Key West
FL
$88,031
F
LandMark Bank of Florida Sarasota
FL
$329,400
E-
Landmark Bank, National Association Fort Lauderdale
FL
$336,240
D-
Legacy Bank of Florida Boca Raton
FL
$316,710
D-
Lydian Private Bank Palm Beach
FL
$2,117,091
D-
Mackinac Savings Bank, FSB Boynton Beach
FL
$135,798
D-
Mainstreet Community Bank of Florida Deland
FL
$171,880
D-
Marine Bank & Trust Company Vero Beach
FL
$160,820
D-
Marquis Bank North Miami Beach
FL
$52,050
D
Mercantil Commercebank, National Association Coral Gables
FL
$5,992,280
D-
MetroBank of Dade County Miami
FL
$493,930
E
Nature Coast Bank Hernando
FL
$58,250
D
Ocean Bank Miami
FL
$3,961,730
E
Oceanside Bank Jacksonville Beach
FL
$297,490
E-
Oculina Bank Fort Pierce
FL
$121,910
D
Old Florida National Bank Longwood
FL
$333,630
D
Old Harbor Bank Clearwater
FL
$254,340
E-
Old Southern Bank Orlando
FL
$336,390
F
Olde Cypress Community Bank Clewiston
FL
$170,518
E-
OptimumBank Fort Lauderdale
FL
$272,780
D-
Orange Bank of Florida Orlando
FL
$301,410
D-
Pacific National Bank Miami
FL
$397,750
D-
Palm Bank Tampa
FL
$163,060
E+
Paradise Bank Boca Raton
FL
$326,610
D-
Patriot Bank Trinity
FL
$130,850
E-
Peninsula Bank Englewood
FL
$649,970
E-
Peoples National Bank Niceville
FL
$132,500
D
Pilot Bank Tampa
FL
$236,070
D-
Pinnacle Bank Orange City
FL
$219,300
D-
Plus International Bank Miami
FL
$103,160
D+
Premier Bank Tallahassee
FL
$422,020
E
Premier Community Bank of the Emerald Coast Crestview
FL
$160,370
D
Prime Bank Melbourne
FL
$72,380
D
ProBank Tallahassee
FL
$78,470
D
Progress Bank of Florida Tampa
FL
$125,690
D-
Prosperity Bank Saint Augustine
FL
$927,920
E+
Putnam State Bank Palatka
FL
$197,120
E-
Regent Bank Davie
FL
$454,600
D-
Reliance Bank, FSB Fort Myers
FL
$104,105
D
Riverside Bank of Central Florida Winter Park
FL
$138,670
E-
Riverside National Bank of Florida Fort Pierce
FL
$3,395,280
F
Royal Palm Bank of Florida Naples
FL
$151,040
D+
Sabadell United Bank, N.A. Miami
FL
$1,827,780
D-
Sabal Palm Bank Sarasota
FL
$93,970
D-
Sanibel Captiva Community Bank Sanibel
FL
$237,450
D-
Seacoast National Bank Stuart
FL
$2,151,570
D-
Seaside National Bank & Trust Orlando
FL
$835,430
E+
Security Bank, N.A. North Lauderdale
FL
$172,520
E
Shamrock Bank of Florida Naples
FL
$73,400
D
SouthBank, A Federal Savings Bank Palm Beach Gardens
FL
$31,154
E-
Southern Commerce Bank, National Association Tampa
FL
$227,810
D-
SouthShore Community Bank Apollo Beach
FL
$50,810
E-
Southwest Capital Bank, National Association Fort Myers
FL
$105,450
D
Sterling Bank Lantana
FL
$385,310
E-
Sun American Bank Boca Raton
FL
$535,720
F
Sunrise Bank Cocoa Beach
FL
$130,330
E-
Sunshine Savings Bank Tallahassee
FL
$156,711
D
Sunshine State Community Bank Port Orange
FL
$142,510
E-
Sunstate Bank Miami
FL
$169,410
D-
Surety Bank Deland
FL
$133,160
D-
Synovus Bank Saint Petersburg
FL
$1,347,150
D-
Synovus Bank of Jacksonville Jacksonville
FL
$226,700
D
Tallahassee State Bank Tallahassee
FL
$344,530
D+
Terrabank, NA Miami
FL
$264,750
D-
TIB Bank Naples
FL
$1,721,670
E-
TotalBank Miami
FL
$1,962,120
D-
TransAtlantic Bank Miami
FL
$538,520
D-
TransCapital Bank Sunrise
FL
$246,900
D
Turnberry Bank Aventura
FL
$251,684
E-
U.S. Century Bank Doral
FL
$2,024,010
D-
Union Credit Bank Miami
FL
$154,450
E
Valley Bank Fort Lauderdale
FL
$136,090
D
Valrico State Bank Valrico
FL
$201,820
D+
Vision Bank Panama City
FL
$897,910
D
Wakulla Bank Crawfordville
FL
$467,880
E-
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