Wake up and good morning. New ratings are out assessing the health of 267 Florida-based banks and, as expected, the numbers are not encouraging. Forty-three banks are rated "zero" -- zero being the worst on a financial health scale of 0 to 5 -- as of June 30 (the second quarter) by Bauer Financial. A zero rating does not mean these banks are doomed to fail. But it does mean they are severely underperforming, probably in trouble with bank regulators and surely in need of raising new capital. All that makes for a difficult road to recovery in this recession and in a climate where bank examiners are being extra tough on Florida banks because of the depth of the state recession and ongoing decline in real estate values. Since the start of 2010, 22 Florida banks have failed. Here's the FDIC's complete failure list.

And here's the regional breakdown of zero-rated banks:

Hillsborough County: Has five zero-rated banks, up from four in the earlier quarter. They are First Commercial Bank of Tampa Bay, Progress Bank, Southern Commerce Bank, Southshore Community Bank and this newcomer to the list: Superior Bank.

Pinellas County: Old Harbor Bank.

Hernando County: Cortez Community Bank.

Manatee County: Horizon Bank. (For an inside look at how Horizon is trying to make a comeback, read this recent story about its CEO, Charlie Conoley, who is not going down without a fight and just might pull the bank back from the brink.)

Here are the 43 zero-rated banks based in the state:

Bank of Commerce: Sarasota, FL

Bank of Miami N.A.: Coral Gables

Beach Community Bank: Fort Walton Beach

Coastal Bank: Merritt Island

Cortez Community Bank: Brooksville

Eurobank: Boca Raton

Fidelity Bank of Florida N.A.: Merritt Island

First Bank of Jacksonville: Jacksonville

First Capital Bank: Marianna

First City Bank of Florida: Fort Walton Beach

First Commercial Bank of Florida: Orlando

First Commercial Bank of Tampa Bay: Tampa

First Community Bank of Southwest Florida: Fort Myers

First East Side Savings Bank: Tamarac

First Guaranty Bank & Trust of Jacksonville: Jacksonville

First National Bank of Central Florida: Winter Park

First National Bank of Crestview: Crestview

First National Bank of Florida: Milton

First Peoples Bank: Port Saint Lucie

Florida Capital Bank N.A.: Jacksonville

Great Florida Bank: Miami

Gulf Coast Community Bank: Pensacola

Gulf State Community Bank: Carrabelle

Haven Trust Bank of Florida: Ponte Vedra Beach

Heritage Bank of North Florida: Orange Park

Home Federal Bank of Hollywood: Hallandale Beach

Horizon Bank: Bradenton

Landmark Bank of Florida: Sarasota

Ocean Bank: Miami

Oceanside Bank: Jacksonville Beach

Old Harbor Bank: Clearwater

OptimumBank: Plantation

Progress Bank of Florida: Tampa

Putnam State Bank: Palatka

Royal Palm Bank of Florida: Naples

Security Bank N.A.: North Lauderdale

Southern Commerce Bank N.A.: Tampa

Southshore Community Bank: Apollo Beach

Sunrise Bank: Cocoa Beach

Sunshine State Community Bank: Port Orange

Superior Bank: Tampa

TIB Bank: Naples

Wakulla Bank: Crawfordville

-- Robert Trigaux, Times Business Columnist