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Bank Holding Companies Ranked by Commercial Real Estate Loans

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By Barry Ritholtz - August 24th, 2009, 4:30PM

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Note: The full text of the table (150 banks in total) is after the jump

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Bank Holding Companies Ranked by Commercial Real Estate Loans

On March 31, 2009. Dollars in thousands
Published August 18, 2009

Rank

Commercial real estate loans

Total loans
and leases

March 31

Year earlier

Change

1

 Wells Fargo & Co. San Francisco

$88,433,000

$33,679,000

162.6%

$888,722,000

2

 Bank of America Corp. Charlotte

59,066,694

55,775,746

5.9

1,024,002,160

3

 MetLife Inc. New York

32,519,404

32,189,604

1.0

66,740,934

4

 JPMorgan Chase & Co. New York

23,659,000

13,802,000

71.4

722,647,000

5

 PNC Financial Services Group Inc. Pittsburgh

22,020,406

9,716,556

126.6

175,475,742

6

 U.S. Bancorp Minneapolis

19,862,000

16,546,000

20.0

188,829,000

7

 Regions Financial Corp. Birmingham, Ala.

19,562,015

16,336,617

19.7

97,749,387

8

 BB&T Corp. Winston-Salem, N.C.

17,187,805

13,639,372

26.0

100,239,388

9

 TD Banknorth Inc. Portland, Maine

15,203,197

12,801,823

18.8

52,172,920

10

 Zions Bancorp. Salt Lake City

14,173,532

11,897,800

19.1

42,237,449

11

 SunTrust Banks Inc. Atlanta

13,886,140

12,018,678

15.5

130,847,004

12

 Citigroup Inc. New York

12,875,000

8,840,000

45.6

685,584,000

13

 M&T Bank Corp. Buffalo

12,071,925

11,480,180

5.2

48,918,140

14

 Citizens Financial Group Inc. Providence, R.I.

11,601,365

11,176,389

3.8

108,962,255

15

 Comerica Inc. Dallas

10,951,030

12,265,742

-10.7

48,660,019

16

 Capital One Financial Corp. McLean, Va.

10,869,821

10,154,265

7.0

106,440,042

17

 KeyCorp Cleveland

10,634,314

10,455,567

1.7

74,827,408

18

 Fifth Third Bancorp Cincinnati

10,326,300

10,248,758

0.8

85,168,149

19

 Marshall & Ilsley Corp. Milwaukee

8,767,444

7,769,315

12.8

49,244,654

20

 BancWest Corp. San Francisco

8,399,800

7,640,680

9.9

54,938,942

21

 Barclays Group US Inc. Wilmington, Del.

8,046,628

11,218,930

-28.3

23,914,672

22

 Synovus Financial Corp. Columbus, Ga.

7,718,504

6,742,728

14.5

27,976,115

23

 Huntington Bancshares Inc. Columbus, Ohio

7,633,475

7,827,739

-2.5

40,013,009

24

 Popular Inc. Hato Rey, Puerto Rico

6,542,000

6,225,000

5.1

25,553,000

25

 UnionBanCal Corp. San Francisco

6,517,174

5,869,886

11.0

49,441,062

26

 BBVA USA Bancshares Inc. Houston

6,364,490

5,611,112

13.4

38,408,344

27

 W Holding Co. Inc. Mayaguez, Puerto Rico

4,934,282

5,036,280

-2.0

8,944,157

28

 FBOP Corp. Oak Park, Ill.

4,893,681

3,703,334

32.1

13,949,629

29

 New York Community Bancorp Inc. Westbury

4,602,809

3,903,072

17.9

22,293,833

30

 HSBC North America Holdings Inc. Mettawa, Ill.

4,514,561

4,209,931

7.2

230,836,553

31

 Colonial BancGroup Inc. Montgomery, Ala.

4,396,277

4,494,254

-2.2

16,919,628

32

 First Citizens BancShares Inc. Raleigh

4,336,382

4,053,773

7.0

11,621,334

33

 Fulton Financial Corp. Lancaster, Pa.

3,922,616

3,674,964

6.7

12,111,093

34

 Harris Financial Corp. Wilmington, Del.

3,616,043

3,842,683

-5.9

35,067,567

35

 RBC Bancorp. USA Raleigh

3,590,736

4,023,734

-10.8

21,595,454

36

 Cathay General Bancorp El Monte, Calif.

3,542,484

3,308,521

7.1

7,383,678

37

 East West Bancorp Inc. Pasadena, Calif.

3,507,467

3,589,692

-2.3

8,062,762

38

 Utrecht-America Holdings Inc. New York

3,203,585

2,902,728

10.4

13,848,147

39

 South Financial Group Inc. Greenville, S.C.

3,172,994

3,033,640

4.6

10,026,307

40

 Umpqua Holdings Corp. Portland, Ore.

3,149,102

2,971,803

6.0

6,116,493

41

 Associated Banc-Corp Green Bay, Wis.

3,011,321

3,039,247

-0.9

16,290,029

42

 Valley National Bancorp Wayne, N.J.

2,995,730

2,241,099

33.7

9,878,260

43

 BancorpSouth Inc. Tupelo, Miss.

2,872,198

2,467,414

16.4

9,883,645

44

 PrivateBancorp Inc. Chicago

2,781,807

1,529,199

81.9

8,494,939

45

 Susquehanna Bancshares Inc. Lititz, Pa.

2,733,059

2,444,569

11.8

9,766,063

46

 Citizens Republic Bancorp Inc. Flint, Mich.

2,652,758

2,719,826

-2.5

8,844,268

47

 Sterling Financial Corp. Spokane

2,584,902

2,515,163

2.8

9,055,030

48

 First BanCorp. San Juan, Puerto Rico

2,575,015

2,156,027

19.4

13,445,769

49

 Wilmington Trust Corp. Del.

2,457,425

1,968,329

24.8

9,500,791

50

 First Banks Inc. Clayton, Mo.

2,398,350

2,277,022

5.3

8,421,580

51

 First Horizon National Corp. Memphis

2,387,174

2,339,473

2.0

21,216,809

52

 UCBH Holdings Inc. San Francisco

2,362,535

2,431,398

-2.8

8,389,106

53

 PacWest Bancorp San Diego

2,285,159

2,162,310

5.7

3,925,253

54

 Hanmi Financial Corp. Los Angeles

2,243,493

2,047,063

9.6

3,318,382

55

 Northern Trust Corp. Chicago

2,239,056

1,524,018

46.9

30,415,417

56

 BOK Financial Corp. Tulsa

2,227,234

2,116,633

5.2

12,861,404

57

 Capitol Bancorp Ltd. Lansing, Mich.

2,147,309

1,945,229

10.4

4,720,296

58

 Pacific Capital Bancorp Santa Barbara, Calif.

2,105,198

1,752,412

20.1

5,774,737

59

 Whitney Holding Corp. New Orleans

2,103,510

1,653,979

27.2

8,992,231

60

 Wintrust Financial Corp. Lake Forest, Ill.

2,095,142

1,905,702

9.9

8,076,004

61

 Arvest Bank Group Inc. Bentonville, Ark.

2,062,877

1,650,231

25.0

7,761,652

62

 Cullen/Frost Bankers Inc. San Antonio

2,030,111

1,811,502

12.1

8,785,642

63

 City National Corp. Beverly Hills

1,991,784

1,925,838

3.4

12,305,114

64

 TCF Financial Corp. Wayzata, Minn.

1,956,026

1,600,204

22.2

13,795,617

65

 First Midwest Bancorp Inc. Itasca, Ill.

1,938,042

1,613,690

20.1

5,378,753

66

 Commerce Bancshares Inc. Kansas City, Mo.

1,927,603

1,837,821

4.9

11,441,866

67

 Central Bancompany Inc. Jefferson City, Mo.

1,877,858

1,688,894

11.2

5,935,115

68

 Webster Financial Corp. Waterbury, Conn.

1,866,015

1,598,348

16.7

12,144,368

69

 Sterling Bancshares Inc. Houston

1,779,734

1,512,474

17.7

3,728,763

70

 CVB Financial Corp. Ontario, Calif.

1,763,738

1,646,352

7.1

3,658,853

71

 Western Alliance Bancorp. Las Vegas

1,755,545

1,513,084

16.0

4,075,741

72

 FirstMerit Corp. Akron

1,670,554

1,544,281

8.2

7,373,430

73

 United Bankshares Inc. Charleston, W.Va.

1,643,964

1,524,407

7.8

5,979,013

74

 United Community Banks Inc. Blairsville, Ga.

1,642,505

1,416,815

15.9

5,675,866

75

 Bremer Financial Corp. St. Paul

1,633,257

1,529,950

6.8

5,690,065

76

 F.N.B. Corp. Hermitage, Pa.

1,624,218

1,250,204

29.9

5,822,910

77

 National Penn Bancshares Inc. Boyertown, Pa.

1,563,193

1,393,215

12.2

6,365,052

78

 Boston Private Financial Holdings Inc.

1,550,782

1,380,250

12.4

5,544,006

79

 Nara Bancorp Inc. Los Angeles

1,507,378

1,457,058

3.5

2,099,193

80

 Sun Bancorp Inc. Vineland, N.J.

1,485,777

1,412,614

5.2

2,738,018

81

 CIT Group Inc. New York

1,483,715

NA

NA

51,022,055

82

 Wilshire Bancorp Inc. Los Angeles

1,444,080

1,338,900

7.9

2,104,002

83

 Trustmark Corp. Jackson, Miss.

1,425,937

1,315,449

8.4

6,942,288

84

 Provident Financial Services Inc. Jersey City

1,422,655

1,264,317

12.5

4,375,366

85

 International Bancshares Corp. Laredo, Texas

1,397,391

1,297,668

7.7

5,775,521

86

 First Interstate BancSystem Inc. Billings, Mont.

1,307,266

1,154,326

13.2

4,722,319

87

 Irwin Financial Corp. Columbus, Ind.

1,289,142

1,418,240

-9.1

3,480,173

88

 Prosperity Bancshares Inc. Houston

1,269,057

1,095,506

15.8

3,501,300

89

 S&T Bancorp Inc. Indiana, Pa.

1,265,494

931,895

35.8

3,518,856

90

 Amcore Financial Inc. Rockford, Ill.

1,257,033

1,284,856

-2.2

3,600,357

91

 Westamerica Bancorp. San Rafael, Calif.

1,237,475

815,935

51.7

3,445,308

92

 Johnson Financial Group Inc. Racine, Wis.

1,212,412

1,020,617

18.8

4,620,666

93

 Pinnacle Bancorp Inc. Central City, Neb.

1,201,535

1,047,446

14.7

3,810,886

94

 Central Pacific Financial Corp. Honolulu

1,199,092

1,282,015

-6.5

3,881,956

95

 Morgan Stanley New York

1,195,000

NA

NA

13,675,000

96

 Parkway Bancorp Inc. Harwood Heights, Ill.

1,189,853

848,573

40.2

2,082,020

97

 Center Financial Corp. Los Angeles

1,188,209

1,272,547

-6.6

1,662,186

98

 WesBanco Inc. Wheeling, W.Va.

1,160,929

1,057,289

9.8

3,584,631

99

 Midwest Banc Holdings Inc. Melrose Park, Ill.

1,153,652

1,019,969

13.1

2,591,048

100

 FirstBank Holding Co. Lakewood, Colo.

1,143,294

899,690

27.1

4,108,201

101

 Iberiabank Corp. Lafayette, La.

1,126,408

1,034,088

8.9

3,839,293

102

 Ocean Bankshares Inc. Miami

1,098,825

1,131,962

-2.9

3,399,986

103

 First State Bancorp. Albuquerque

1,097,970

910,727

20.6

2,704,048

104

 Intervest Bancshares Corp. New York

1,087,558

980,785

10.9

1,708,752

105

 Banner Corp. Walla Walla, Wash.

1,038,333

908,602

14.3

3,915,547

106

 Frontier Financial Corp. Everett, Wash.

1,036,975

1,039,274

-0.2

3,659,509

107

 Bank of New York Mellon Corp.

1,030,000

1,614,000

-36.2

41,551,000

108

 Glacier Bancorp Inc. Kalispell, Mont.

1,027,449

827,606

24.1

4,160,692

109

 Virginia Commerce Bancorp Inc. Arlington

1,022,535

927,607

10.2

2,289,390

110

 First National Bank Group Inc. Edinburg, Texas

1,011,173

1,493,983

-32.3

2,830,083

111

 Dickinson Financial Corp. II Kansas City, Mo.

1,004,946

1,053,718

-4.6

4,138,198

112

 Park National Corp. Newark, Ohio

1,004,861

912,193

10.2

4,561,508

113

 Hancock Holding Co. Gulfport, Miss.

993,995

784,185

26.8

4,262,117

114

 NewAlliance Bancshares Inc. New Haven

987,830

902,292

9.5

4,953,179

115

 First Citizens Bancorp. Inc. Columbia, S.C.

982,366

773,334

27.0

4,912,179

116

 First Merchants Corp. Muncie, Ind.

978,745

724,233

35.1

3,662,733

117

 Pinnacle Financial Partners Inc. Nashville

974,633

748,440

30.2

3,498,610

118

 Metropolitan Bank Group Inc. Chicago

966,613

869,296

11.2

2,382,201

119

 Taylor Capital Group Inc. Rosemont, Ill.

958,220

726,003

32.0

3,214,095

120

 First Commonwealth Financial Corp. Indiana, Pa.

936,022

760,593

23.1

4,457,358

121

 Harleysville National Corp. Pa.

931,848

690,334

35.0

3,615,775

122

 R&G Financial Corp. Hato Rey, Puerto Rico

924,758

915,307

1.0

6,164,865

123

 Southwest Bancorp Inc. Stillwater, Okla.

914,065

752,976

21.4

2,602,697

124

 First Busey Corp. Urbana, Ill.

906,698

843,238

7.5

3,261,440

125

 First Mutual Bancorp of Illinois Inc. Harvey

905,817

826,778

9.6

1,351,618

126

 National Americas Holdings LLC New York

905,174

NA

NA

2,762,998

127

 New York Private Bank and Trust Corp.

902,664

812,533

11.1

7,257,300

128

 UMB Financial Corp. Kansas City, Mo.

897,066

729,535

23.0

4,341,568

129

 Independent Bank Corp. Rockland, Mass.

893,231

819,805

9.0

2,676,008

130

 First Financial Bancorp. Cincinnati

885,851

665,415

33.1

2,742,887

131

 Old Second Bancorp Inc. Aurora, Ill.

879,857

673,027

30.7

2,268,008

132

 Mercantil Commercebank Holding Corp. Coral Gables, Fla.

871,464

818,735

6.4

2,972,898

133

 Renasant Corp. Tupelo, Miss.

865,727

753,210

14.9

2,561,974

134

 Mercantile Bank Corp. Grand Rapids

864,853

853,209

1.4

1,778,057

135

 Heartland Financial USA Inc. Dubuque, Iowa

864,259

960,959

-10.1

2,374,654

136

 Standard Bancshares Inc. Hickory Hills, Ill.

856,554

671,454

27.6

1,907,296

137

 Columbia Banking System Inc. Tacoma

830,093

847,177

-2.0

2,189,502

138

 Taunus Corp. New York

830,000

760,000

9.2

32,042,000

139

 MetroCorp Bancshares Inc. Houston

823,082

658,635

25.0

1,335,873

140

 American Chartered Bancorp Inc. Schaumburg, Ill.

821,133

755,027

8.8

2,160,217

141

 Smithtown Bancorp Inc. Hauppauge, N.Y.

815,281

469,997

73.5

1,823,185

142

 Valley View Bancshares Inc. Overland Park, Kan.

813,920

680,784

19.6

2,059,450

143

 Old National Bancorp Evansville, Ind.

810,425

868,068

-6.6

4,641,211

144

 Home BancShares Inc. Conway, Ark.

809,995

765,881

5.8

1,966,572

145

 Santander BanCorp San Juan, Puerto Rico

806,215

938,424

-14.1

5,854,213

146

 Sandy Spring Bancorp Inc. Olney, Md.

805,352

700,857

14.9

2,476,360

147

 Doral GP Ltd. San Juan, Puerto Rico

802,889

811,362

-1.0

5,493,022

148

 Eastern Bank Corp. Boston

797,818

905,164

-11.9

3,801,505

149

 W.T.B. Financial Corp. Spokane

794,699

640,462

24.1

3,257,927

150

 Chinatrust Capital Corp. Torrance, Calif.

793,280

770,413

3.0

1,806,535


Note: Only top-tier holding companies that file a Y-9C were included. Figures for prior periods are not adjusted for mergers and acquisitions. Rankings include only companies current as of July 9, 2009.

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Source:
Bank Holding Companies Ranked by Commercial Real Estate Loans
American Banker, August 18, 2009

http://www.americanbanker.com/rankings/bank_holding_companies_ranked_by_cre_loans-1001070-1.html

PERMALINK
Category: Commodities, Credit, Federal Reserve, Investing.

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

15 Responses to “Bank Holding Companies Ranked by Commercial Real Estate Loans”

  1. constantnormal Says:
    August 24th, 2009 at 4:35 pm

    I think Wells Fargo must have a death wish, I wonder what Warren Buffett thinks about this massive increase in commercial mortgages as we sail into the commercial mortgage hurricane of the fall and spring.

  2. constantnormal Says:
    August 24th, 2009 at 4:54 pm

    I guess maybe Wells Fargo is not so bad off as I initially thought, as CRE only amounts to about 10% of their total loans and liens — but why lean into the punch?

    And looking down the list at those who have a LOT larger fraction of their loan portfolios in CRE, Barclays, Comerica and Huntington are all scrambling to dump CRE, and still have it in the area of 20% of their loan portfolio.

    Ouch! That’s gonna leave a mark …

  3. Banks And Their Real Estate Exposure | But Then What Says:
    August 24th, 2009 at 6:11 pm

    [...] won’t steal traffic away from Barry since he just posted the list so here is the link to the [...]

  4. carleric Says:
    August 24th, 2009 at 6:12 pm

    I am astounded that banks have learned so little. What are these people thinking? Are they listening to the residential real estate equivalent of the NAR? I am not and will not ever be long the financials but why would anyone own stock in these compnaies?

  5. patfla Says:
    August 24th, 2009 at 6:33 pm

    I assume that Well’s 162% y-on-y growth in commercial mortgages is just another aspect of the Wachovia debacle. For which I’m not sure they’re completely to blame. My assumption is that Merill was ‘pushed’ into BofA’s arms and Wachovia into Wells. Thus putting relatively more sound institutions into jeopardy.

    Was this bad money driving out good?

  6. Moss Says:
    August 24th, 2009 at 6:34 pm

    The duration is more important than outstanding. For all we know WFC bought a lot of distressed loans back in March. No wonder the Fed will be propping up this market.

  7. emmanuel117 Says:
    August 24th, 2009 at 7:02 pm

    Ouch, Metlife!

  8. Pat G. Says:
    August 24th, 2009 at 7:35 pm

    Of the 150 financial institutions listed only 24 or 16% of them actually reduced their exposure to CRE loans y-o-y. Which means that the other 126 or 84% actually increased their exposure to CRE loans while the U.S. economy was cratering and shedding 4.9M jobs. Incredible stupidity. And on average, the top five added 73.5% in CRE loans to that which they already owned during that period and skirted the morale hazard issue by establishing themselves as TBTF. Take note USG; your chain is being jerked.

  9. jc Says:
    August 24th, 2009 at 7:39 pm

    Metlife is not “too big to fail” right?

    WFC has all those HELOCS and second morts and this too?

    I don’t doubt the US will do something drastic – like buy foreclosures from the big banks at above market prices to support the big banks and the residential markets in CA and FL but it looks like they will have to do something for the malls and office parks that the banks will own.

  10. vachon Says:
    August 24th, 2009 at 7:52 pm

    These increases seem so incredible, I have to ask a dumb question: how much of them are due to formerly off-book items being brought on board? Sure, there have been some M&As going on (wanted and not) but that can’t be the only explanation. We’re talking universal-class teh stupid here.

  11. monmick Says:
    August 24th, 2009 at 8:56 pm

    Wow! I didn’t realize TDBanknorth had this much exposure! So much for safe Canadian banks…

  12. Onlooker from Troy Says:
    August 24th, 2009 at 8:57 pm

    Pat G.

    Can you say “moral hazard?” FDIC insurance and other fed govt backstops just encourages risky behavior.

  13. Pat G. Says:
    August 24th, 2009 at 11:22 pm

    @ Onlooker

    Yep. Makes corporations and consumers believe they are like Superman (bullet-proof).

  14. torrie-amos Says:
    August 25th, 2009 at 7:48 am

    Wonder what % are foreclosures that they now own themselves and have no choice, ie, cannot sell.

  15. GraffitiGrammarian Says:
    August 25th, 2009 at 3:27 pm

    Could the increase be due to accounting procedures?

    Maybe the banks lobbied for accounting rule changes that would let them put the par value of the loans on their books, whereas a year ago they were putting the market value of the loans on their books.

    Anyway, I don’t think banks have been adding that much new inventory in terms of CRE loans, so the explanation is not new lending activity. At least not that much new lending activity.

    In some cases, as with wells fargo and BofA, the inflation is likely due to merger activity, as other posters noted above. But there must be some other reason for the banks that didn’t take over other institutions.

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