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Top 25 Largest Banks - Defaulted Loans & REOs

The table below is a list of the Top 25 largest banks measured by total assets. Also the amount of REO assets (real estate owned) held, and Non Current Loans (defaulted loans).  Also total default rate of the loans as a percentage, based on non-current loans / assets.  Also adjusted non-current loans as a percentage of assets, where non-current assets are adjusted by subtracting out non-current loans which are wholly or partially insured by the US government.

# Bank Name  Total Assets   REO - Real Estate Owned   Noncurrent loans and leases   REO / Assets NC Loans / Assets Adj NC Loans / Assets
    (000s) (000s) (000s)      
               
1 Bank of America, National Association   1,496,322,329  2,874,270   60,209,602 0.19% 4.02% 3.07%
2 Wells Fargo Bank, National Association   1,065,890,000  3,758,000   59,330,000 0.35% 5.57% 3.98%
3 JPMorgan Chase Bank, National Association   1,674,523,000  1,832,000   46,703,000 0.11% 2.79% 2.14%
4 Citibank, National Association   1,171,094,000  1,290,000   30,340,000 0.11% 2.59% 2.04%
5 PNC Bank, National Association      254,518,132     734,004   11,411,333 0.29% 4.48% 3.65%
6 U.S. Bank National Association      277,509,284  1,726,653     9,427,352 0.62% 3.40% 1.67%
7 SunTrust Bank      160,993,399     767,681     6,818,747 0.48% 4.24% 3.35%
8 Wells Fargo Bank South Central, National Association        37,737,000       43,000     2,428,000 0.11% 6.43% 6.39%
9 OneWest Bank, FSB        27,957,076     422,533     2,334,987 1.51% 8.35% 1.67%
10 MidFirst Bank        12,365,241       87,672     2,305,021 0.71% 18.64% 2.66%
11 ING Bank, fsb        91,272,405     130,065     1,752,666 0.14% 1.92% 1.92%
12 Capital One, National Association      123,046,451     268,290     2,804,345 0.22% 2.28% 2.27%
13 Bank of America, Rhode Island, National Association        22,326,426               -       1,578,575 0.00% 7.07% 7.07%
14 Branch Banking and Trust Company      157,652,005  1,716,883     4,950,042 1.09% 3.14% 1.92%
15 HSBC Bank USA, National Association      183,562,481       76,180     3,373,945 0.04% 1.84% 1.82%
16 E*TRADE Bank        44,290,766     121,887     1,653,716 0.28% 3.73% 3.73%
17 Flagstar Bank, FSB        14,323,245  1,115,347     1,461,535 7.79% 10.20% 6.80%
18 BankUnited        11,463,601     149,789     1,168,693 1.31% 10.19% 0.00%
19 Bank of America California, National Association        26,656,738               -       1,062,694 0.00% 3.99% 3.99%
20 Citicorp Trust Bank, fsb        18,012,669       14,482     1,137,396 0.08% 6.31% 6.29%
21 Bank of America Oregon, National Association        14,736,199               -          764,869 0.00% 5.19% 5.17%
22 Hudson City Savings Bank        61,106,025       19,563        744,871 0.03% 1.22% 1.15%
23 Fifth Third Bank      110,801,047     398,933     3,589,499 0.36% 3.24% 3.05%
24 The Huntington National Bank        51,418,039     151,090     1,940,280 0.29% 3.77% 3.53%
25 Sovereign Bank        73,394,090       90,235     2,242,645 0.12% 3.06% 3.06%

Source of Data:  http://www2.fdic.gov/sdi/main.asp  As of 2010 Q1, Downloaded 6/2/2010

Note:  This table is not at all an accurate measure in itself of troubled banks or the health or soundness of a bank.  For a better indicator of bank soundness, please refer to the Texas Ratio link below.

Other Useful Banking Data and Banking Info:

Top 100 Largest Banks - Defaulted Loans and REOs  - an expanded list of above

Texas Ratio and Troubled Bank List & Analysis

REO Listings of Bank Owned Properties of all Major Lenders / Government Agencies

FDIC Failed Banks, Bank Watch List and Bank Ratings

Top 100 Banks Defaulted Loan Portfolio - SFR 1-4, 1st Mortgage Portfolio


The Hard Money Pros
Private and Hard Money Lenders in California
PO Box 91472, San Diego, CA  92169
jmac@TheHardMoneyPros.com
www.TheHardMoneyPros.com
(619) 846-1550

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Licensed by the California Department of Real Estate, DRE# 01440161