Florida banks have gotten slightly healthier over the past year. But that's not saying much.
Almost 40 percent of Florida's banks were considered troubled or problematic in a quarterly analysis by ratings agency Bauer Financial. That's down from 43 percent a year ago, yet still far higher than the national average of 13 percent.
Fewer than 19 percent of Florida banks made the recommended list (up from 18 percent) compared to more than 60 percent of banks recommended nationally.
Troubled or problematic reflects getting two stars or less on the company's five-star rating system. Banks need at least four stars to be recommended.
Lowest-rated banks in the Tampa Bay area (zero stars) include: Cortez Community Bank in Brooksville; First Commercial Bank of Tampa Bay in Tampa; First Community Bank of America in Pinellas Park; First Home Bank in Seminole; Old Harbor Bank in Clearwater; Southshore Community Bank in Apollo Beach; and Superior Bank in Tampa.
The Bauer analysis was based on financial data as of Dec. 31, 2010.
To see the complete list go to www.bauerfinancial.com.