U.S. Banks’ Nonperforming Commercial Mortgages
This page presents information on the percentages of nonperforming commercial mortgages at the 157 largest banks in America out of more than 4,000 existing banks to help track their exposure to commercial real estate. Using publicly available quarterly data from the Federal Financial Institutions Examination Council Central Data Repository, we calculate and rank each bank’s total CRE exposure (the sum of CRE nonfarm-nonresidential mortgages, multifamily mortgages, CRE construction loans and unused CRE commitments) as a percentage of the bank’s total equity.
We also calculate the percentages of two different classifications of nonperforming commercial mortgages: owner-occupied and “other” (not owner-occupied). “Nonperforming” mortgages refer to mortgages where the borrow is delinquent on payments by 30 days or more, and is a key measure of a bank’s “asset quality.” High ratios of nonperforming loans have been identified as one of the leading predictors of bank failures. Regulators consider “owner-occupied” commercial mortgages to be less risky than “other” commercial mortgages.
This ongoing, quarterly project is produced by The Banking Initiative at Florida Atlantic University sponsored by Executive Education.
| Obs | Bank Name | ST | Equity | Assets | Mortgages CRE, Owner Occupied | Mortgages CRE, Other | NPL Total, CRE, Owner Occupied | NPL Total, CRE, Other | CRE, to Equity |
| 1 | BANK OZK | AR | 5,267 | 36,030 | 672.9 | 4,917.7 | 0.7% | 0.3% | 647.2% |
| 2 | DIME COMMUNITY BANK | NY | 1,411 | 13,474 | 1,254.3 | 3,385.9 | 0.5% | 0.0% | 642.5% |
| 3 | MERCHANTS BANK OF INDIANA | IN | 1,719 | 17,740 | 137.1 | 2,411.2 | 1.3% | 3.1% | 612.2% |
| 4 | FIRST FOUNDATION BANK | CA | 1,074 | 13,559 | 401.8 | 577.1 | 2.0% | 0.6% | 594.2% |
| 5 | FLAGSTAR BANK, NATIONAL ASSOCI | NY | 9,275 | 112,840 | 3,112.3 | 7,039.5 | 0.3% | 4.0% | 572.0% |
| 6 | SERVISFIRST BANK | AL | 1,533 | 15,721 | 2,377.0 | 2,637.5 | 0.4% | 0.0% | 558.3% |
| 7 | EAGLEBANK | MD | 1,254 | 11,562 | 1,076.4 | 2,485.5 | 1.9% | 2.7% | 557.0% |
| 8 | LIVE OAK BANKING COMPANY | NC | 891 | 11,430 | 2,373.6 | 1,015.4 | 3.0% | 2.4% | 532.0% |
| 9 | PROVIDENT BANK | NJ | 1,665 | 14,125 | 1,375.3 | 4,268.4 | 0.4% | 0.3% | 526.0% |
| 10 | FIRSTBANK | CO | 1,444 | 27,536 | 1,477.0 | 2,433.1 | 0.1% | 0.2% | 510.9% |
| 11 | FIRST UNITED BANK AND TRUST CO | OK | 1,378 | 16,355 | 836.2 | 2,012.4 | 0.7% | 2.5% | 504.1% |
| 12 | LAKELAND BANK | NJ | 1,312 | 10,962 | 1,261.6 | 2,973.8 | 0.6% | 0.0% | 482.2% |
| 13 | WASHINGTON FEDERAL BANK | WA | 2,975 | 30,135 | 911.3 | 2,973.5 | 0.0% | 0.9% | 481.3% |
| 14 | ZIONS BANCORPORATION, NATIONAL | UT | 5,829 | 87,060 | 8,590.4 | 7,967.8 | 0.3% | 0.9% | 474.5% |
| 15 | BERKSHIRE BANK | MA | 1,039 | 12,141 | 655.8 | 2,415.8 | 0.4% | 0.4% | 472.7% |
| 16 | FARMERS AND MERCHANTS BANK OF | CA | 1,357 | 12,191 | 881.0 | 3,562.7 | 0.7% | 0.0% | 471.8% |
| 17 | TRUSTMARK NATIONAL BANK | MS | 1,789 | 18,374 | 1,306.1 | 2,237.2 | 0.2% | 0.0% | 468.2% |
| 18 | APPLE BANK | NY | 1,457 | 16,958 | 0.2 | 2,395.2 | 0.0% | 0.0% | 466.1% |
| 19 | VALLEY NATIONAL BANK | NJ | 7,299 | 60,990 | 4,359.9 | 14,962.9 | 0.3% | 0.4% | 465.8% |
| 20 | COLUMBIA BANK | NJ | 952 | 10,310 | 688.4 | 1,488.1 | 0.1% | 0.6% | 459.1% |
| 21 | CITY NATIONAL BANK OF FLORIDA | FL | 2,384 | 26,127 | 1,609.7 | 5,906.9 | 0.7% | 0.8% | 457.8% |
| 22 | SYNOVUS BANK | GA | 4,841 | 59,716 | 5,935.0 | 8,417.7 | 0.3% | 0.8% | 456.7% |
| 23 | BREMER BANK, NATIONAL ASSOCIAT | MN | 1,343 | 16,098 | 1,481.2 | 2,001.6 | 0.4% | 0.6% | 447.3% |
| 24 | SANDY SPRING BANK | MD | 1,832 | 13,884 | 1,755.2 | 3,717.7 | 0.7% | 0.8% | 438.7% |
| 25 | BANC OF CALIFORNIA | CA | 3,785 | 36,001 | 1,711.8 | 3,159.6 | 3.0% | 1.3% | 438.5% |
