Counterparty Risk Measure
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Over one hundred and thirty banks have failed in 2009 so far.
The FDIC's decision to close down a bank is based on many factors, some which are not in the
public domain. While BankRx cannot predict a bank's failure,
it is possible to ascertain the 'probability' of failure.
BankRx tracks many criteria that indicate the
health of the bank. The 4 key factors are capital, asset quality, asset mix and growth.
These micro economic factors are evaluated (with respect to some of the
macro economic factors such as the interest rates, volatility of interest rate,
term-spread and credit-spread) to yield a composite score of the
bank's health.
While examining the statistics of failed banks, it is instructive to pay
attention to how the determinant factors changed over a period of time and how
they compare to the peer group. Hopefully we will be able to learn from
their mistakes.
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| Name (click for details) | Closing Date |
| Advanta Bank Corp., Draper, UT | 3/19/2010 |
| American National Bank, Parma, OH | 3/19/2010 |
| Appalachian Community Bank, Ellijay, GA | 3/19/2010 |
| Bank of Hiawassee, Hiawassee, GA | 3/19/2010 |
| Century Security Bank, Duluth, GA | 3/19/2010 |
| First Lowndes Bank, Fort Deposit, AL | 3/19/2010 |
| State Bank of Aurora, Aurora, MN | 3/19/2010 |
| Old Southern Bank, Orlando, FL | 3/12/2010 |
| Park Avenue Bank, NY, NY | 3/12/2010 |
| Statewide Bank, Covington, LA | 3/12/2010 |
| Liberty Pointe Bank, NY, NY | 3/11/2010 |
| Bank of Illinois, Normal, IL | 3/05/2010 |
| Centennial Bank, Ogden, UT | 3/05/2010 |
| Sun American Bank, Boca Raton, FL | 3/05/2010 |
| Carson River Community Bank, Carson City, NV | 2/26/2010 |
| La Coste National Bank, La Coste, TX | 2/19/2010 |
| Marco Community Bank, Marco Island, FL | 2/19/2010 |
| 1st American State Bank of Minnesota, Hancock, MN | 2/05/2010 |
| American Marine Bank, Bainbridge Island, WA | 1/29/2010 |
| Community Bank and Trust, Cornelia, GA | 1/29/2010 |
| First National Bank of Georgia, Carrollton, GA | 1/29/2010 |
| First Regional Bank, Los Angeles, CA | 1/29/2010 |
| Florida Community Bank, Immokalee, FL | 1/29/2010 |
| Marshall Bank, Hallock, MN | 1/29/2010 |
| Bank of Leeton, Leeton, MO | 1/22/2010 |
| Columbia River Bank, The Dales, OR | 1/22/2010 |
| Evergreen Bank, Seattle, WA | 1/22/2010 |
| Premier American Bank, Miami, FL | 1/22/2010 |
| Barnes Banking Company, Kaysville, UT | 1/15/2010 |
| ST Stephen State Bank, St Stephen, MN | 1/15/2010 |
| Town Community Bank and Trust, Antioch, IL | 1/15/2010 |
| Horizon Bank, Bellingham, WA | 1/08/2010 |
| Citizens State Bank, New Baltimore, MI | 12/18/2009 |
| Imperial Capital Bank, La Jolla, CA | 12/18/2009 |
| Independent Bankers Bank, Springfield, IL | 12/18/2009 |
| RockBridge Commercial Bank, Atlanta, GA | 12/18/2009 |
| Republic Federal Bank N.A., Miami, FL | 12/11/2009 |
| Solutions Bank, Overland, KS | 12/11/2009 |
| Valley Capital Bank, N.A., MESA, AZ | 12/11/2009 |
| Benchmark Bank, Aurora, IL | 12/04/2009 |
| First Security National Bank, Norcross, GA | 12/04/2009 |
| The Buckhead Community Bank, Atlanta, GA | 12/04/2009 |
| The Tattnall Bank, Reidsville, GA | 12/04/2009 |
| Commerce Bank of Southwest Florida, Fort Myers, FL | 11/20/2009 |
| Orion Bank, Naples, FL | 11/13/2009 |
| Pacific Coast National Bank, San Clemente | 11/13/2009 |
| Gateway Bank of St. Louis, St. Louis, MO | 11/06/2009 |
| Prosperan bank, Oakdale, MN | 11/06/2009 |
| United Commercial Bank, San Francisco, CA | 11/06/2009 |
| United Security Bank, Sparta, GA | 11/06/2009 |
| Bank USA, Phoenix, AZ | 10/30/2009 |
| California National Bank, Los Angeles, CA | 10/30/2009 |
| Citizens National Bank, Teague, TX | 10/30/2009 |
| Community Bank of Lemont, Lemont, IL | 10/30/2009 |
| Madison State Bank, MAdison, TX | 10/30/2009 |
| North Houston Bank, Houston, TX | 10/30/2009 |
| Pacific National Bank, San Francisco, CA | 10/30/2009 |
| Park National Bank, Chicago, IL | 10/30/2009 |
| San Diego National Bank, San Diego, CA | 10/30/2009 |
| American United Bank, Lawrenceville, GA | 10/23/2009 |
| Bank of Elmwood, Racine, WI | 10/23/2009 |
| First DuPage Bank, Westmont, IL | 10/23/2009 |
| Flagship National Bank, Bradenton, FL | 10/23/2009 |
| Hillcrest Bank, Naples, FL | 10/23/2009 |
| Riverview Community Bank, Otsego, MN | 10/23/2009 |
| San Joaquin Bank, Bakersfield, CA | 10/16/2009 |
| Jennings State Bank, Spring Grove, MN | 10/02/2009 |
| Southern Colorado National Bank, Pueblo, CO | 10/02/2009 |
| Warren Bank, Warren, MI | 10/02/2009 |
| Georgian Bank, Atlanta, GA | 9/25/2009 |
| Irwin Union Bank and Trust Company, Columbus, IN | 9/18/2009 |
| Brickwell Community Bank, Woodbury, MN | 9/11/2009 |
| Corus Bank, Chicago, IL | 9/11/2009 |
| Venture Bank, Lacey, WA | 9/11/2009 |
| First Bank of Kansas City, Kansas City, MO | 9/04/2009 |
| InBank, Oak Forest, IL | 9/04/2009 |
| Affinity Bank | 8/28/2009 |
| Mainstreet Bank, Forrest Lake, MN | 8/28/2009 |
| CapitalSouth Bank, Birmingham, AL | 8/21/2009 |
| First Coweta Bank, Newnan, GA | 8/21/2009 |
| Colonial Bank, Montgomery, AL | 8/14/2009 |
| Community Bank of Arizona, Phoenix, AZ | 8/14/2009 |
| Community Bank of Nevada, Las Vegas, NV | 8/14/2009 |
| Union Bank, National Association, Gilbert, AZ | 8/14/2009 |
| Community First Bank, Prineville, OR | 8/07/2009 |
| Community National Bank of Sarasota County, Venice, FL | 8/07/2009 |
| First State Bank, Sarasota, FL | 8/07/2009 |
| First BankAmericano, Elizabeth, NJ | 7/31/2009 |
| First State Bank of Altus, Altus, OK | 7/31/2009 |
| Integrity Bank, Jupiter, FL | 7/31/2009 |
| Mutual Bank, Harvey, IL | 7/31/2009 |
| Security Bank of Bibb County, Macon, GA | 7/24/2009 |
| Security Bank of Gwinnett County, Suwanee, GA | 7/24/2009 |
| Security Bank of Houston County, Perry, GA | 7/24/2009 |
| Security Bank of Jones County, Gray, GA | 7/24/2009 |
| Security Bank of North Fulton, Alpharetta, GA | 7/24/2009 |
| Security Bank of North Metro, Woodstock, GA | 7/24/2009 |
| Waterford Village Bank, Williamsville, NY | 7/24/2009 |
| BankFirst, Sioux Falls, SD | 7/17/2009 |
| First Piedmont Bank, Winder, GA | 7/17/2009 |
| Temecula Valley Bank, Temecula, CA | 7/17/2009 |
| Vineyard Bank, Rancho Cucamonga, CA | 7/17/2009 |
| Bank of Wyoming, Thermopolis, WY | 7/10/2009 |
| Elizabeth State Bank, Elizabeth, IL | 7/02/2009 |
| First National Bank of Danville, Danville, IL | 7/02/2009 |
| First State Bank of Winchester, Winchester, IL | 7/02/2009 |
| Founders Bank, Worth, IL | 7/02/2009 |
| John Warner Bank, Clinton, IL | 7/02/2009 |
| Millenium State Bank of Texas, Dallas, TX | 7/02/2009 |
| Rock River Bank, Oregon, IL | 7/02/2009 |
| Community Bank of West Georgia, Villa Rica, GA | 6/26/2009 |
| Horizon Bank, Pine City, MN | 6/26/2009 |
| Metro Pacific Bank, Irvine, CA | 6/26/2009 |
| Mirae Bank, Los Angeles, CA | 6/26/2009 |
| Neighborhood Community Bank, Newnan, GA | 6/26/2009 |
| Cooperative Bank, Wilmington, NC | 6/19/2009 |
| First National Bank of Anthony, Anthony, KS | 6/19/2009 |
| Southern Community Bank, Fayetteville, GA | 6/19/2009 |
| Bank of Lincolnwood, Lincoln, IL | 6/05/2009 |
| Citizens National Bank, Macomb, IL | 5/22/2009 |
| Strategic Capital Bank, Champaign, IL | 5/22/2009 |
| America West Bank, Layton, UT | 5/01/2009 |
| Citizens Community Bank, Ridgewood, NJ | 5/01/2009 |
| Silverton Bank, N.A., Atlanta, GA | 5/01/2009 |
| American Southern Bank, Kennesaw, GA | 4/24/2009 |
| First Bank of Beverly Hills, Calabasas, CA | 4/24/2009 |
| Heritage Bank, Farmington Hills, MI | 4/24/2009 |
| Great Basin Bank of Nevada, Elko, NV | 4/17/2009 |
| First State Bank, Flagstaff, AZ | 4/11/2009 |
| Cape Fear Bank, Wilmington, NC | 4/10/2009 |
| New Frontier Bank, Greeley, CO | 4/10/2009 |
| Omni National Bank, Atlanta, GA | 3/27/2009 |
| Colorado National Bank, Colorado Springs, CO | 3/20/2009 |
| FirstCity Bank, Stockbridge, GA | 3/20/2009 |
| TeamBank, National Association, Paola, KS | 3/20/2009 |
| Freedom Bank of Georgia, Commerce, GA | 3/06/2009 |
| Heritage Community Bank, Glenwood, IL | 2/27/2009 |
| Security Savings Bank, Henderson, NV | 2/27/2009 |
| Silver Falls Bank, Silverton, OR | 2/20/2009 |
| Corn Belt Bank and Trust Company, Pittsfield, IL | 2/13/2009 |
| Pinnacle Bank of Oregon, Beaverton, OR | 2/13/2009 |
| Riverside Bank of the Gulf Coast, Cape Coral, FL | 2/13/2009 |
| Sherman County Bank, Loup City, NE | 2/13/2009 |
| Alliance Bank, Culver City, CA | 2/06/2009 |
| County Bank, Merced, CA | 2/06/2009 |
| FirstBank Financial Services, McDonough, GA | 2/06/2009 |
| Ocala National Bank, Ocala, FL | 1/30/2009 |
| 1st Centennial Bank, Redlands, CA | 1/23/2009 |
| Bank of Clark County, Vancouver, WA | 1/16/2009 |
| National Bank of Commerce, Berkeley, IL | 1/16/2009 |
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