10 Banks With The Most Exposure To The CRE Time Bomb

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Photo: commons.wikimedia.org

Don’t be fooled by relative calm on the commercial real estate front, the $1.4 trillion crisis is picking up steam and will claim more than a pound of flesh from vulnerable banks.Over half of CRE loans that will expire in the next four years are underwater, and that number is increasing, according to Audit Integrity.

Using data from Audit Integrity, we’ve identified 10 large banks with the most CRE loans relative to available capital. If the real estate market does not improve, these banks have a huge problem.

10 Banks With The Most Exposure To The CRE Time Bomb >>

[slideshow]
[slide
permalink=”no-10-comerica-1″
title=”No. 10: Comerica”
content=”CRE loan value: $14.3 billion

% of Tier 1 capital: 97.2

Source: Audit Integrity (data from 9/30/09)

Photo: CEO Ralph Babb

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[slide
permalink=”no-9-umb-bank-2″
title=”No. 9: UMB Bank”
content=”CRE loan value: $1.25 billion

% of Tier 1 capital: 156

Source: Audit Integrity (data from 9/30/09)

Photo: CEO Mariner Kemper
image=”http://static.businessinsider.com/image/4b9431be7f8b9a72528c0100/image.jpg”
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[slide
permalink=”no-8-regions-financial-corporation-3″
title=”No. 8: Regions Financial Corporation”
content=”CRE loan value:$28.3 billion

% of Tier 1 capital: 218

Source: Audit Integrity (data from 9/30/09)

Photo: Paul Newman, VP of Real Estate at Regions

image=”http://static.businessinsider.com/image/4b9432d37f8b9a7336ab0000/image.jpg”
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[slide
permalink=”no-7-zions-bancorporation-4″
title=”No. 7: Zions Bancorporation”
content=”CRE loan value: $13.4 billion

% of Tier 1 capital: 253

Source: Audit Integrity (data from 9/30/09)

Photo: CEO Harris Simmons

image=”http://static.businessinsider.com/image/4b943f637f8b9acc4b340100/image.jpg”
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[slide
permalink=”no-6-marshall-and-ilsley-corporation-5″
title=”No. 6: Marshall & Ilsley Corporation”
content=”CRE loan value: $13.8 billion

% of Tier 1 capital: 283

Source: Audit Integrity (data from 9/30/09)

Photo: A new M&I location in Fishers, IN
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[slide
permalink=”no-5-wilmington-trust-6″
title=”No. 5: Wilmington Trust”
content=”CRE loan value:$4.03 billion

% of Tier 1 capital: 369

Source: Audit Integrity (data from 9/30/09)

Photo: CEO Ted Cecala

image=”http://static.businessinsider.com/image/4b94377d7f8b9a024b0c0000/image.jpg”
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[slide
permalink=”no-4-synovus-7″
title=”No. 4: Synovus”
content=”CRE loan value: $11.2 billion

% of Tier 1 capital: 376

Source: Audit Integrity (data from 9/30/09)

Photo: CEO Richard Anthony

image=”http://static.businessinsider.com/image/4b9438637f8b9a2339770000/image.jpg”
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[slide
permalink=”no-3-mt-bank-8″
title=”No. 3: M&T Bank”
content=”CRE loan value: $20.8 billion

% of Tier 1 capital: 378

Source: Audit Integrity (data from 9/30/09)

Photo: M&T headquarters in Buffalo
image=”http://static.businessinsider.com/image/4b943abf7f8b9a664b590000/image.jpg”
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[slide
permalink=”no-2-wintrust-financial-corporation-9″
title=”No. 2: Wintrust Financial Corporation”
content=”CRE loan value: $3.39 billion

% of Tier 1 capital: 419

Source: Audit Integrity (data from 9/30/09)

Photo: One of the nine Illinois banks controlled by Wintrust

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[slide
permalink=”no-1-new-york-community-bank-10″
title=”No. 1: New York Community Bank”
content=”CRE loan value: $22.0 billion

% of Tier 1 capital: 915

Source: Audit Integrity (data from 9/30/09)

Photo: CEO Joe Ficalora
image=”http://static.businessinsider.com/image/4b943e827f8b9acb4be00000/image.jpg”
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[slide
permalink=”other-big-banks-11″
title=”Other big banks”
content=”11. U.S. Bancorp has CRE loans equal to 154% of tier 1 equity.

12. Huntington Bancshares: 151%

13. BB&T: 146%

14. Fifth Third Bancorp: 139%

15. Wells Fargo: 124%

16. Capital One: 97.2%

17. PNC Financial Services: 94.3%

18. First Horizon National Corporation: 74.9%

19. JPMorgan Chase: 49.7%

20. Bank of America: 37.7%

Source: Audit Integrity (data from 9/30/09)
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[slide
permalink=”see-more-12″
title=”See more”
content=”15 public pension chiefs whose funds are zooming towards collapse >
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[/slideshow]

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