Top 50 Minority Owned Banks

The FDIC has recently released a list of minority owned banks that are FDIC issued banks.  There are 217 minority owned banks or deposit institutions listed with the FDIC.  The FDIC employs the definition for a minority owned bank from Section 308 of FIRREA.  This definition is quite broad and states that the term “minority depository institution” is any depository institution where 51 percent or more of the stock is owned by one or more “socially and economically disadvantaged individuals.”   In addition to institutions that meet the ownership test, banks and financial institutions will be considered minority depository institutions if a majority of the Board of Directors is minority and the community that the institution serves is predominantly minority. 

Of the 217 minority owned banks, 35 are African-American owned or controlled, while 38 are controlled by Hispanic Americans, 89 are owned or controlled by Asians and 21 are owned of controlled by Native American or Alaskan Native American.  Together, these banks have $196,885,371,000 in total assets.

Of the $196,885,371,000 in total assets for all minority banks, African-American owned or controlledassets totaled $5,877,436,000.  Hispanic American owned bank assets totaled $43,046,234,000, Asian bank owned assets totaled $40,388,385,000 and Native American bank owned assets stood at $2,111,796,000.

The following list includes the top 50 minority owned banks, ranked by assets.  The bank lists includes a partial review of the current status of the U.S. minority banking industry, with references to the banks total assets, return on assets, loan loss provisions and tier 1 leverage ratio.
         
Top 50 minority owned banks:

Banco Popular De Puerto Rico  Hato Rey, PR  
Assets: $25,522,000,000  ROA: 0.77 
Loan Loss Prov: 1.99  Tier 1 Leverage Ratio: 6.07

FirstBank of Puerto Rico  Santruce, PR 
Assets: $18,492,607,000  ROA: 0.74 
Loan Loss Prov: 1.00  Tier 1 Leverage Ratio: 7.90

Westernbank Puerto Rico  Mayaguez, PR   
Assets: $15,264,994,000  ROA: 0.20 
Loan Loss Prov: 0.26  Tier 1 Leverage Ratio: 5.60

Banco Popular North America  New York, NY   
Assets: $12,440,891,000  ROA: -4.30
Loan Loss Prov: 3.68  Tier 1 Leverage Ratio: 7.23

East West Bank  Pasadena, CA   
Assets: $12,412,072,000  ROA: -0.33 
Loan Loss Prov: 1.94  Tier 1 Leverage Ratio: 12.20

Cathay Bank  Los Angeles, CA   
Assets: $11,579,100,000  ROA: 0.51 
Loan Loss Prov: 0.96  Tier 1 Leverage Ratio: 9.38

International Bank of Commerce  Laredo, TX  
Assets: $10,638,109,000  ROA: 1.15 
Loan Loss Prov: 0.19  Tier 1 Leverage Ratio: 7.54

Banco Santander Puerto Rico  San Juan, PR
Assets: $7,731,570,000  ROA:  -0.03 
Loan Loss Prov: 1.26  Tier 1 Leverage Ratio: 7.01

R-G Premier Bank of Puerto Rico  Hato Rey, PR     
Assets: $7,059,832,000  ROA: 0.13 
Loan Loss Prov: 0.96  Tier 1 Leverage Ratio: 6.88

Banco Bilbao Vizcaya Argenta  San Juan, PR      
Assets: $6,033,316,000  ROA: 0.54 
Loan Loss Prov: 0.87  Tier 1 Leverage Ratio: 6.68

Oriental Bank & Trust  San Juan, PR     
Assets: $5,831,461,000  ROA: 0.37 
Loan Loss Prov: 0.16  Tier 1 Leverage Ratio: 5.46

Ocean Bank  Miami, FL     
Assets $4,810,410 ,000  ROA: -3.03 
Loan Loss Prov: 3.63  Tier 1 Leverage Ratio: 8.75

Eurobank  San Juan, PR     
Assets $2,859,489,000  ROA: -0.36 
Loan Loss Prov:  1.51  Tier 1 Leverage Ratio: 6.47

Center Bank  Los Angeles, CA    
Assets $2,056,646,000  ROA: 0.53 
Loan Loss Prov: 0.71  Tier 1 Leverage Ratio: 10.98

Lone Star National Bank  Pharr, TX     
Assets $1,776,124,000  ROA: 0.88 
Loan Loss Prov: 0.65  Tier 1 Leverage Ratio: 9.55

U S Century Bank  Doral, FL     
Assets $1,745,167,000  ROA: 0.13
Loan Loss Prov: 0.38  Tier 1 Leverage Ratio: 10.43

Mutual Bank  Harvey, IL     
Assets $1,701,820,000  ROA: -3.50 
Loan Loss Prov: 4.65  Tier 1 Leverage Ratio: 4.67

Scotiabank De Puerto Rico  San Juan, PR     
Assets $1,525,092,000  ROA: -3.15
Loan Loss Prov: 2.73  Tier 1 Leverage Ratio: 11.50

Preferred Bank  Los Angeles, CA     
Assets $1,487,851,000  ROA: -0.03
Loan Loss Prov: 1.51  Tier 1 Leverage Ratio: 10.07

Territorial Savings Bank  Honolulu, HI     
Assets $1,223,133,000  ROA: 0.72
Loan Loss Prov: 0.19  Tier 1 Leverage Ratio: 9.91

Metrobank N A  Houston, TX     
Assets $1,157,128,000  ROA: 0.77 
Loan Loss Prov: 0.66  Tier 1 Leverage Ratio: 8.85

National Republic Bank Chicago  Chicago,IL     
Assets $1,059,194,000  ROA:1.95 
Loan Loss Prov: 0.65  Tier 1 Leverage Ratio: 8.06

United Central Bank  Garland, TX     
Assets $1,011,386 ,000  ROA: 0.34
Loan Loss Prov: 0.62  Tier 1 Leverage Ratio: 8.76

Firstbank Florida  Miami, FL        
Assets $984,500,000  ROA: -1.01
Loan Loss Prov: 1.67  Tier 1 Leverage Ratio:  8.78

BAC Florida Bank  Coral Gables, FL        
Assets $974,164,000  ROA:0.29 
Loan Loss Prov: 0.69  Tier 1 Leverage Ratio: 8.31

Falcon International Bank  Laredo, TX        
Assets $916,397,000  ROA: 1.94 
Loan Loss Prov: 0.45  Tier 1 Leverage Ratio:7.69

Bank of Guam  Hagatna, GU        
Assets $860,281,000  ROA: 0.71
Loan Loss Prov: 0.28  Tier 1 Leverage Ratio: 9.38

International Bank of Commerce  Brownsville, TX        
Assets $847,833,000  ROA: 1.52
Loan Loss Prov: 0.10  Tier 1 Leverage Ratio: 10.00

Saehan Bank  Los  Angeles, CA        
Assets $842,627,000  ROA: -1.18
Loan Loss Prov: 3.31  Tier 1 Leverage Ratio: 9.70

Carver Feceral Savings  Bank  New York, NY        
Assets $793,531,000  ROA: 0.46 
Loan Loss Prov: 0.10  Tier 1 Leverage Ratio: 7.75

Bank of the Orient  San Francisco, CA        
Assets $728,107,000  ROA: 0.36 
Loan Loss Prov: 0.59  Tier 1 Leverage Ratio: 8.23

Bank of Miami N A  Coral Gables, FL        
Assets $717,831,000  ROA:-1.71 
Loan Loss Prov: 2.91  Tier 1 Leverage Ratio: 12.90

Finance Factors LTD  Honolulu, HI        
Assets $690,233,000  ROA: 0.29 
Loan Loss Prov:0.55  Tier 1 Leverage Ratio: 8.89

Ponce De Leon Federal Bank  Bronx, NY        
Assets $681,500,000  ROA: 0.77 
Loan Loss Prov: 0.35  Tier 1 Leverage Ratio: 10.08

Oneunited Bank Boston, MA        
Assets $635,846,000  ROA:-4.30 
Loan Loss Prov: 0.00  Tier 1 Leverage Ratio:  6.13

American First National Bank  Houston, TX        
Assets $618,479,000  ROA:0.78 
Loan Loss Prov: 0.40  Tier 1 Leverage Ratio: 10.18

First American International Bank  Brooklyn, NY        
Assets $604,374,000  ROA:0.25 
Loan Loss Prov: 0.41  Tier 1 Leverage Ratio: 7.97

State Bank of Texas  Irving, TX        
Assets $585,494,000  ROA: 3.57 
Loan Loss Prov:0.91  Tier 1 Leverage Ratio: 11.10

Pacific City Bank  Los Angeles, CA        
Assets $580,803,000  ROA: 0.18 
Loan Loss Prov: 1.31  Tier 1 Leverage Ratio: 11.40

Foster Bank  Chicago, IL        
Assets $570,228,000  ROA:1.28 
Loan Loss Prov: 0.45  Tier 1 Leverage Ratio: 9.90

Tomatobank N A  Diamond Bar, CA        
Assets $550,343,000  ROA:0.04 
Loan Loss Prov: 1.40  Tier 1 Leverage Ratio:11.73

Universal Bank  West Covina, CA        
Assets $524,865,000  ROA:0.06 
Loan Loss Prov: 0.60  Tier 1 Leverage Ratio:10.53

Hawaii National Bank  Honolulu, HI        
Assets $499,737,000  ROA: 0.64 
Loan Loss Prov:0.06  Tier 1 Leverage Ratio: 9.71

City NB of New Jersey  Newark, NJ        
Assets $494,390,000  ROA: 0.40
Loan Loss Prov: 0.32  Tier 1 Leverage Ratio: 6.78

Espirito Santo Bank  Miami, FL        
Assets $493,315,000  ROA: -0.67 
Loan Loss Prov: 0.80  Tier 1 Leverage Ratio: 5.02

Evertrust Bank  City of Industry, CA        
Assets $486,880,000  ROA: 0.13 
Loan Loss Prov:0.26  Tier 1 Leverage Ratio: 10.43

Golden Bank N A  Houston, TX        
Assets $483,337,000  ROA: 0.87 
Loan Loss Prov: 0.31  Tier 1 Leverage Ratio: 12.63

Gateway Bank FSB  San Francisco, CA       
Assets $479,176,000  ROA: -1.80 
Loan Loss Prov: 2.16  Tier 1 Leverage Ratio: 6.06

International Bank of Commerce  Zapata, TX        
Assets $462,683,000  ROA: 1.60 
Loan Loss Prov: 0.13  Tier 1 Leverage Ratio: 9.32

Transatlantic Bank  Miami, FL        
Assets $453,185,000  ROA: -0.61 
Loan Loss Prov: 2.29  Tier 1 Leverage Ratio: 11.73

Mirae Bank  Los Angeles, CA        
Assets $444,994,000  ROA: -1.93 
Loan Loss Prov: 4.37  Tier 1 Leverage Ratio: 8.32

Tags: bank assets, Banks, FDIC

This entry was posted on Tuesday, March 31st, 2009 at 6:17 pm and is filed under Money Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.