Best and Worst States for Bank Safety 1
State # of Banks & Thrifts % with Weiss Rating of D+ or lower2  Failure Rate3 Unemployment Rate4 Home Foreclosure Rate5
Florida
253
79.05
5.13
12.00
13.68
Arizona
39
71.79
6.55
9.40
5.24
Georgia
271
67.90
5.45
10.20
3.40
Idaho
18
66.67
1.75
9.50
3.32
South Carolina
82
63.41
1.84
10.70
3.57
Washington
80
61.25
5.02
9.30
2.79
Oregon
35
57.14
5.09
10.60
3.13
Maryland
87
55.17
2.10
7.40
3.22
North Carolina
102
54.90
0.91
9.80
2.28
Nevada
30
53.33
8.77
14.50
9.72
California
278
53.24
3.66
12.50
4.42
Michigan
138
50.72
2.13
11.70
4.05
District of Columbia
6
50.00
0.00
9.70
2.82
Colorado
118
48.31
1.13
8.80
2.40
Hawaii
9
44.44
0.00
6.40
4.50
Virginia
117
43.59
0.55
6.70
1.80
Minnesota
409
42.05
1.14
7.00
2.90
New Jersey
118
41.53
0.79
9.10
6.73
Wisconsin
279
41.22
0.45
7.50
3.33
Rhode Island
15
40.00
0.00
11.50
3.74
Tennessee
190
39.47
0.00
9.40
2.11
Utah
60
38.33
2.50
7.50
3.23
Alabama
145
37.93
0.84
9.10
1.97
Connecticut
53
37.74
0.00
9.00
3.92
Illinois
611
35.19
1.92
9.30
6.04
Montana
73
31.51
0.00
7.20
1.91
Indiana
148
31.08
0.21
9.50
4.43
Delaware
37
29.73
0.00
8.50
3.89
Ohio
241
29.46
0.52
9.60
4.61
North Dakota
92
29.35
0.00
3.80
0.95
Missouri
341
28.45
1.02
9.50
1.90
Pennsylvania
222
28.38
0.42
8.50
2.96
New York
198
26.26
0.65
8.20
4.74
Kansas
327
23.85
0.66
6.80
2.13
Wyoming
37
21.62
0.83
6.40
1.45
Kentucky
199
21.61
0.16
10.30
3.20
Oklahoma
251
21.51
0.38
6.80
2.86
Texas
623
21.19
0.41
8.30
1.82
New Mexico
52
21.15
1.84
8.50
3.18
Nebraska
225
20.00
0.27
4.40
1.61
South Dakota
84
19.05
0.37
4.60
1.52
Massachusetts
169
18.93
0.18
8.20
3.24
Arkansas
134
18.66
0.46
7.90
1.93
New Hampshire
24
16.67
0.00
5.50
2.45
Mississippi
91
16.48
0.35
10.10
3.03
Louisiana
158
14.56
0.20
8.00
3.43
Alaska
7
14.29
0.00
8.10
1.12
Iowa
362
13.81
0.09
6.30
2.74
Maine
30
13.33
0.00
7.30
4.95
West Virginia
66
10.61
0.49
9.60
2.07
Vermont
13
7.69
0.00
5.80
2.98
U.S. Aggregate1 7,747 34.43 1.32 9.10 3.44
Source: Weiss Ratings
1 Does not include Guam, Virgin Islands, Puerto Rico.
2 Weiss Ratings based on September 30, 2010 data.
3 Bank Failure Rate is the average annual failure rate for 2008, 2009, 2010, and YTD 2011.
4 Source: U.S. Department of Labor as of January 25, 2011 (seasonally adjusted through Dec.)
5 Source: Mortgage Bankers Association as of September 30, 2010.

Originally published:  http://www.weissratings.com/ratings/bank-safety.aspx
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