U.S. Banks’ Exposure to Risk from Commercial Real Estate Screener

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Many financial experts in the banking industry have warned about future losses on commercial real estate (CRE) mortgages as hundreds of billions of dollars in loans reprice in a high-rate environment over the coming year.

As most CRE mortgages are five-year balloon mortgages, many of these loans that originated in a lower rate environment in 2019 are currently rolling over and need refinancing this year when rates are well above 7%. The same concern carries over in 2025 for CRE loans originated in 2020, as well as 2026 for CRE loans originated in 2021.

The imminent refinancing of loans, combined with more commercial properties selling at a discount relative to pre-pandemic values, has exposed vulnerabilities in the banking system not only to commercial real estate mortgages, but also to commercial real estate construction loans and unused commitments to fund commercial real estate mortgages and loans.

The U.S. Banks’ Exposure to Risk from Commercial Real Estate screener evaluates 155 of the largest banks in America out of over 4,000 existing banks to track their exposure to commercial real estate. Using publicly available quarterly data from the Federal Financial Institutions Examination Council Central Data Repository, we calculate 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 use this ratio as a broad measure of bank exposure to commercial real estate. A variation of this ratio is often used by banking regulators to assess CRE exposures. Any ratio over 300% is viewed as excessive exposure to CRE, which puts the bank at greater risk of failure.

This ongoing, quarterly project is produced by The Banking Initiative at Florida Atlantic University sponsored by Executive Education.

Obs	Name	ST	Total Assets (Millions)	Total Equity (Millions)	Equity to Assets	CRE Total (Millions)	CRE Total to Equity
1	LIVE OAK BANKING COMPANY	NC	12,856	970	7.5%	5,634	580.6%
2	DIME COMMUNITY BANK	NY	14,337	1,579	11.0%	8,982	569.0%
3	EAGLEBANK	MD	11,080	1,231	11.1%	6,852	556.7%
4	FLAGSTAR BANK, NATIONAL ASSOCI	NY	100,102	8,579	8.6%	46,444	541.4%
5	BANK OZK	AR	38,259	5,706	14.9%	30,619	536.6%
6	SERVISFIRST BANK	AL	17,351	1,676	9.7%	8,830	526.9%
7	MERCHANTS BANK OF INDIANA	IN	18,622	2,074	11.1%	10,592	510.7%
8	PROVIDENT BANK	NJ	24,008	2,893	12.1%	14,620	505.3%
9	FIRST FOUNDATION BANK	CA	12,612	1,189	9.4%	5,627	473.4%
10	BREMER BANK, NATIONAL ASSOCIAT	MN	16,386	1,299	7.9%	5,966	459.2%
11	APPLE BANK	NY	17,460	1,503	8.6%	6,867	457.0%
12	INDEPENDENT BANK DBA INDEPENDE	TX	17,535	2,204	12.6%	10,026	454.9%
13	FIRST UNITED BANK AND TRUST CO	OK	16,260	1,427	8.8%	6,465	453.2%
14	FARMERS AND MERCHANTS BANK OF	CA	11,690	1,369	11.7%	6,186	451.9%
15	FIRSTBANK	CO	27,247	1,554	5.7%	7,015	451.6%
16	BERKSHIRE BANK	MA	12,268	1,126	9.2%	5,075	450.8%
17	COLUMBIA BANK	NJ	10,472	1,045	10.0%	4,622	442.1%
18	CITY NATIONAL BANK OF FLORIDA	FL	26,507	2,522	9.5%	11,090	439.7%
19	ISRAEL DISCOUNT BANK OF NEW YO	NY	13,856	1,311	9.5%	5,655	431.4%
20	ZIONS BANCORPORATION, NATIONAL	UT	88,775	6,124	6.9%	25,423	415.2%
21	BANK OF HOPE	CA	17,049	2,213	13.0%	9,069	409.8%
22	SYNOVUS BANK	GA	60,120	5,178	8.6%	21,211	409.7%
23	BANNER BANK	WA	16,211	1,813	11.2%	7,233	398.9%
24	SANDY SPRING BANK	MD	14,123	1,828	12.9%	7,232	395.5%
25	WASHINGTON TRUST BANK	WA	10,728	905	8.4%	3,572	394.9%
26	VALLEY NATIONAL BANK	NJ	62,447	7,884	12.6%	31,133	394.9%
27	POPULAR BANK	NY	14,332	1,985	13.8%	7,786	392.3%
28	BELL BANK	ND	14,534	1,350	9.3%	5,235	387.9%
29	BANC OF CALIFORNIA	CA	33,458	3,919	11.7%	15,123	385.9%
30	TRUSTMARK NATIONAL BANK	MS	18,150	2,061	11.4%	7,916	384.1%
31	OCEANFIRST BANK, NATIONAL ASSO	NJ	13,332	1,697	12.7%	6,332	373.2%
32	UMPQUA BANK	OR	51,566	5,478	10.6%	20,376	372.0%
33	ENTERPRISE BANK & TRUST	MO	15,568	1,825	11.7%	6,775	371.3%
34	ARVEST BANK	AR	26,895	1,981	7.4%	7,342	370.7%
35	WASHINGTON FEDERAL BANK	WA	27,671	3,007	10.9%	11,118	369.7%
36	UMB BANK, NATIONAL ASSOCIATION	MO	50,150	3,463	6.9%	12,210	352.6%
37	AXOS BANK	CA	22,841	2,390	10.5%	8,262	345.7%
38	TOWNEBANK	VA	17,248	2,139	12.4%	7,338	343.0%
39	FULTON BANK, NATIONAL ASSOCIAT	PA	31,916	3,309	10.4%	11,341	342.7%
40	FIRST BANK	NC	12,148	1,521	12.5%	5,200	341.8%
41	STELLAR BANK	TX	10,891	1,608	14.8%	5,429	337.6%
42	ATLANTIC UNION BANK	VA	24,469	3,475	14.2%	11,728	337.5%
43	COMERICA BANK	TX	79,332	6,133	7.7%	20,648	336.7%
44	CATHAY BANK	CA	23,036	2,899	12.6%	9,644	332.7%
45	GLACIER BANK	MT	27,886	3,178	11.4%	10,567	332.5%
46	FIRSTBANK	TN	13,119	1,527	11.6%	5,011	328.1%
47	CENTRAL TRUST BANK, THE	MO	19,230	1,728	9.0%	5,669	328.1%
48	FIRST INTERSTATE BANK	MT	29,066	3,264	11.2%	10,661	326.6%
49	VERITEX COMMUNITY BANK	TX	12,718	1,756	13.8%	5,714	325.5%
50	PLAINSCAPITAL BANK	TX	13,329	1,469	11.0%	4,745	322.9%
51	SIMMONS BANK	AR	26,843	3,570	13.3%	11,504	322.2%
52	CUSTOMERS BANK	PA	22,296	1,826	8.2%	5,757	315.2%
53	PACIFIC PREMIER BANK, NATIONAL	CA	17,900	3,145	17.6%	9,896	314.7%
54	CITIZENS BUSINESS BANK	CA	15,161	2,163	14.3%	6,742	311.7%
55	OLD NATIONAL BANK	IN	53,245	6,159	11.6%	18,637	302.6%
56	WILMINGTON SAVINGS FUND SOCIET	DE	20,722	2,517	12.1%	7,585	301.4%
57	HTLF BANK	CO	17,204	2,094	12.2%	6,300	300.9%
58	SOUTHSTATE BANK, N.A.	FL	46,370	6,161	13.3%	18,497	300.2%
59	EAST WEST BANK	CA	75,842	7,251	9.6%	21,750	300.0%
60	BANK OF HAWAII	HI	23,568	1,540	6.5%	4,604	298.9%
61	FIRST HORIZON BANK	TN	81,866	8,782	10.7%	26,013	296.2%
62	FROST BANK	Tx	52,581	3,822	7.3%	11,224	293.7%
63	UNITED COMMUNITY BANK	SC	27,657	3,282	11.9%	9,615	293.0%
64	ROCKLAND TRUST COMPANY	MA	19,379	2,966	15.3%	8,619	290.6%
65	PINNACLE BANK	TN	52,489	6,517	12.4%	18,840	289.1%
66	RENASANT BANK	MS	18,037	2,695	14.9%	7,783	288.8%
67	WESBANCO BANK, INC.	WV	18,649	2,729	14.6%	7,861	288.1%
68	AMERIS BANK	GA	26,175	3,790	14.5%	10,821	285.5%
69	FIRST COMMONWEALTH BANK	PA	11,554	1,370	11.9%	3,909	285.3%
70	TRISTATE CAPITAL BANK	PA	20,969	1,396	6.7%	3,913	280.2%
71	UNITED BANK	VA	29,925	5,025	16.8%	14,005	278.7%
72	NBT BANK, NATIONAL ASSOCIATION	NY	13,683	1,488	10.9%	4,116	276.6%
73	WESTERN ALLIANCE BANK	AZ	80,862	6,903	8.5%	19,011	275.4%
74	CADENCE BANK	MS	47,019	5,570	11.8%	15,327	275.2%
75	COMMUNITY BANK, NATIONAL ASSOC	NY	16,130	1,365	8.5%	3,687	270.1%
76	BANKUNITED, NATIONAL ASSOCIATI	FL	35,207	3,233	9.2%	8,720	269.7%
77	BANCFIRST	OK	11,405	1,208	10.6%	3,223	266.7%
78	ASSOCIATED BANK, NATIONAL ASSO	WI	42,966	4,453	10.4%	11,698	262.7%
79	BOKF, NATIONAL ASSOCIATION	OK	49,466	5,130	10.4%	13,455	262.3%
80	MIDFIRST BANK	OK	39,087	3,849	9.8%	10,077	261.8%
81	EASTERN BANK	MA	25,552	3,418	13.4%	8,838	258.6%
82	BUSEY BANK	IL	12,011	1,584	13.2%	4,080	257.6%
83	WEBSTER BANK, NATIONAL ASSOCIA	CT	78,957	9,378	11.9%	24,068	256.7%
84	SEACOAST NATIONAL BANK	FL	15,167	2,181	14.4%	5,583	255.9%
85	DOLLAR BANK, FEDERAL SAVINGS B	PA	11,640	1,150	9.9%	2,937	255.3%
86	CENTENNIAL BANK	AR	22,418	3,779	16.9%	9,581	253.5%
87	FIRST HAWAIIAN BANK	HI	23,831	2,604	10.9%	5,969	229.2%
88	COMMERCE BANK	MO	31,808	2,698	8.5%	6,151	228.0%
89	FIRST NATIONAL BANK OF OMAHA	NE	31,986	3,116	9.7%	7,086	227.4%
90	HANCOCK WHITNEY BANK	MS	35,068	3,995	11.4%	9,046	226.4%
91	OPTUM BANK, INC.	UT	18,649	2,159	11.6%	4,861	225.2%
92	FIRST NATIONAL BANK OF PENNSYL	PA	48,447	6,191	12.8%	13,565	219.1%
93	MECHANICS BANK	CA	16,494	2,302	14.0%	5,041	219.0%
94	FIRST FINANCIAL BANK	OH	18,486	2,413	13.1%	5,023	208.2%
95	FIRSTBANK PUERTO RICO	PR	19,286	1,694	8.8%	3,511	207.3%
96	FIRST FINANCIAL BANK	TX	13,925	1,468	10.5%	3,029	206.3%
97	FIRST MERCHANTS BANK	IN	18,299	2,316	12.7%	4,757	205.4%
98	TEXAS CAPITAL BANK	TX	30,622	3,599	11.8%	7,271	202.0%
99	EVERBANK, NATIONAL ASSOCIATION	FL	40,802	3,695	9.1%	7,441	201.4%
100	NORTHWEST BANK	PA	14,463	1,591	11.0%	3,159	198.5%
101	FIRST-CITIZENS BANK & TRUST CO	NC	223,543	21,932	9.8%	43,278	197.3%
102	STIFEL BANK AND TRUST	MO	19,510	1,364	7.0%	2,560	187.7%
103	CIBC BANK USA	IL	61,517	10,123	16.5%	18,840	186.1%
104	BANCO POPULAR DE PUERTO RICO	PR	58,456	3,178	5.4%	5,820	183.1%
105	SANTANDER BANK, NATIONAL ASSOC	DE	102,701	12,645	12.3%	22,267	176.1%
106	CITY NATIONAL BANK	CA	92,193	11,372	12.3%	16,504	145.1%
107	RAYMOND JAMES BANK	FL	41,241	2,940	7.1%	4,129	140.4%
108	MANUFACTURERS AND TRADERS TRUS	NY	207,556	27,568	13.3%	38,010	137.9%
109	NEXBANK	TX	13,943	1,328	9.5%	1,826	137.4%
110	CITIZENS BANK, NATIONAL ASSOCI	RI	217,179	24,389	11.2%	32,376	132.7%
111	PROSPERITY BANK	TX	39,595	7,419	18.7%	9,173	123.6%
112	ORIENTAL BANK	PR	11,416	1,189	10.4%	1,413	118.9%
113	KEYBANK NATIONAL ASSOCIATION	OH	184,461	16,770	9.1%	19,627	117.0%
114	HUNTINGTON NATIONAL BANK, THE	OH	203,428	19,701	9.7%	20,400	103.5%
115	REGIONS BANK	AL	155,918	16,174	10.4%	16,085	99.5%
116	FIFTH THIRD BANK, NATIONAL ASS	OH	212,197	22,064	10.4%	20,046	90.9%
117	TRUIST BANK	NC	523,132	60,832	11.6%	54,957	90.3%
118	PNC BANK, NATIONAL ASSOCIATION	DE	556,139	53,455	9.6%	46,773	87.5%
119	BMO BANK NATIONAL ASSOCIATION	IL	263,653	34,698	13.2%	30,108	86.8%
120	SAFRA NATIONAL BANK OF NEW YOR	NY	11,305	1,254	11.1%	1,017	81.1%
121	WELLS FARGO BANK, NATIONAL ASS	SD	1,705,538	166,189	9.7%	133,676	80.4%
122	U.S. BANK NATIONAL ASSOCIATION	OH	662,906	63,537	9.6%	49,057	77.2%
123	TD BANK, N.A.	DE	372,778	46,599	12.5%	34,490	74.0%
124	NORTHERN TRUST COMPANY, THE	IL	154,948	10,798	7.0%	6,791	62.9%
125	JPMORGAN CHASE BANK, NATIONAL	OH	3,459,261	312,794	9.0%	174,381	55.7%
126	CAPITAL ONE, NATIONAL ASSOCIAT	VA	487,193	55,895	11.5%	28,617	51.2%
127	DEUTSCHE BANK TRUST COMPANY AM	NY	39,780	9,671	24.3%	4,632	47.9%
128	ALLY BANK	UT	181,409	13,776	7.6%	6,577	47.7%
129	MORGAN STANLEY BANK, N.A.	UT	230,712	22,090	9.6%	10,192	46.1%
130	BEAL BANK USA	NV	16,216	3,326	20.5%	1,405	42.2%
131	MORGAN STANLEY PRIVATE BANK, N	NY	221,306	17,084	7.7%	7,165	41.9%
132	LENDINGCLUB BANK, NATIONAL ASS	UT	10,469	1,175	11.2%	467	39.7%
133	BANK OF AMERICA, NATIONAL ASSO	NC	2,589,060	245,482	9.5%	82,102	33.4%
134	HSBC BANK USA, NATIONAL ASSOCI	VA	164,820	15,734	9.5%	4,194	26.7%
135	UBS BANK USA	UT	119,112	9,539	8.0%	2,268	23.8%
136	GOLDMAN SACHS BANK USA	NY	558,235	63,033	11.3%	14,019	22.2%
137	BANK OF NEW YORK MELLON, THE	NY	335,955	27,960	8.3%	5,806	20.8%
138	BNY MELLON, NATIONAL ASSOCIATI	PA	30,536	3,593	11.8%	724	20.2%
139	CITIBANK, N.A.	SD	1,696,818	170,939	10.1%	29,115	17.0%
140	STATE STREET BANK AND TRUST CO	MA	348,989	27,504	7.9%	2,869	10.4%
141	STIFEL BANK	MO	10,790	704	6.5%	57	8.0%
142	TD BANK USA, NATIONAL ASSOCIAT	DE	35,511	4,303	12.1%	216	5.0%
143	SOFI BANK, NATIONAL ASSOCIATIO	UT	31,088	4,535	14.6%	143	3.2%
144	BMW BANK OF NORTH AMERICA	UT	12,243	1,839	15.0%	42	2.3%
145	SALLIE MAE BANK	UT	30,036	2,682	8.9%	50	1.9%
146	SYNCHRONY BANK	UT	111,939	13,983	12.5%	43	0.3%
147	THIRD FEDERAL SAVINGS & LOAN A	OH	17,047	1,719	10.1%	3	0.1%
148	BARCLAYS BANK DELAWARE	DE	44,672	5,900	13.2%	8	0.1%
149	USAA FEDERAL SAVINGS BANK	AZ	109,221	3,918	3.6%	1	0.0%
150	DISCOVER BANK	DE	145,453	14,022	9.6%	0	0.0%
151	WELLS FARGO NATIONAL BANK WEST	NV	10,455	1,512	14.5%	0	0.0%
152	AMERICAN EXPRESS NATIONAL BANK	UT	193,062	18,550	9.6%	0	0.0%
153	BANK OF AMERICA CALIFORNIA, NA	CA	15,691	1,802	11.5%	0	0.0%
154	CHARLES SCHWAB PREMIER BANK, S	TX	26,472	2,159	8.2%	0	0.0%
155	CHARLES SCHWAB BANK, SSB	TX	275,425	19,700	7.2%	0	0.0%
156	COMENITY CAPITAL BANK	UT	13,263	1,855	14.0%	0	0.0%
157	AMERIPRISE BANK, FSB	MN	23,605	1,137	4.8%	0	0.0%
158	CHARLES SCHWAB TRUST BANK	TX	10,104	779	7.7%	0	0.0%

2024 Archived Commercial Real Estate (CRE) - Simple Data