Twenty-six banks in Miami-Dade and Broward counties earned the highest possible rating of fives stars from Bauer Financial for the fourth quarter of 2015.
Several newcomers rose in Bauer’s closely watched ratings from the previous quarter. Banco Do Brasil Americas, Miami; Florida Community Bank, Weston; Helm Bank USA, Miami; and Netbank, Hollywood jumped from four stars to five.
The other banks that received a “superior” rating of five stars were: American National Bank, Oakland Park; Apollo Bank, Miami; BAC Florida Bank, Coral Gables; BankUnited, Miami Lakes; Biscayne Bank, Coconut Grove; Capital Bank, Coral Gables; City National Bank of Florida, Miami; Coconut Grove Bank, Miami; Continental National Bank, Miami; Desjardins Bank, Hallandale Beach; Eastern National Bank, Miami; Executive National Bank, Miami; First National Bank of South Miami, Miami; Intercontinental Bank, West Miami; Marquis Bank, Coral Gables; Mercantil CommerceBank, Coral Gables; Pacific National Bank, Miami; Professional Bank, Coral Gables; Sabadell United Bank, Miami; Stonegate Bank, Pompano Beach; TerraBank, Miami; and TotalBank, Miami.
70 Percent of Florida banks that received a “recommended” rating from Bauer Financial in fourth quarter of 2015
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Five local banks received one- and two-star ratings, meaning they are considered “troubled” or “problematic.” They were Brickell Bank, Miami; Community Bank of Florida, Homestead; InterAmerican Bank, Miami; U.S. Century Bank, Miami; Optimum Bank, Plantation.
Home Federal Bank of Hollywood, Hallandale Beach, received the lowest possible rating, no stars, for the second consecutive quarter after being downgraded from one star.
The latest Bauer ratings show Florida banks continue to improve from the financial crisis and market crash in 2008.
Bauer gave nearly 70 percent of Florida banks a “recommended” rating for the fourth quarter of 2015, compared to about 61 percent for the fourth quarter of 2014. And the percentage of Florida banks considered “troubled and problematic” declined from 12.4 percent to 8.2 percent year over year.