155 Undercapitalized Banks Still Litter U.S.

NEW YORK (TheStreet) -- With year-end data for all of the nation's banks and savings and loan associations now available, there are 155 undercapitalized institutions on the TheStreet's Bank Watch List. That is 10 fewer than last quarter, although 15 banks have been shuttered by regulators since the final fourth-quarter watch list was published in February.

Based on fourth-quarter regulatory data supplied by Thomson Reuters Bank Insight for the nation's nearly 7,400 banks -- and factoring-in the 15 bank and thrift failures since TheStreet's final fourth-quarter Watch List was published on Feb. 16 -- 155 institutions were undercapitalized at as of March 31, according to the regulatory guidelines that apply to most institutions.

Click the link below to see the full list:

It is important to note that any capital raised by institutions during the second quarter of 2012 will not be reflected on the Watch List.

Most banks and thrifts need to maintain Tier 1 leverage, Tier 1 risk-based and total risk-based capital ratios of at least 5%, 6% and 10% to be considered well-capitalized under regulatory guidelines. Some trust banks carry lower capital requirements. The ratios need to be at least 4%, 4% and 8% for most to be considered adequately capitalized.