Analyzing a banks performance and getting a list of best online banks was quite a task sometime back. With the economic meltdown and the subsequent recovery in the economy many banks have come out as clear winners and can be put in the list of Best Banks. Analysis of Best Banks in 2010 has been based done and rankings have been based upon the average equity, net interest margin and leveraged ratio. Honolulu's Bank of Hawaii has come out as a clear winner by being the number one in the slot as this bank has been a problem free bank with net assets of $12.2 billion. This bank achieved such a feat in the economic meltdown as it did not follow the trend in the real estate lending practices that lead to the recession. As a result this bank did not need any federal bailout money. UMB financial of Kansas City Missouri has bagged the second slot among best banks in the nation. Even they had the same strategy on real estate loans as did Bank of Hawaii. Although considered a conservative approach but this approach worked wonders for these banks. Holding $10.2 billion in assets this is a very profitable bank. Instead of expanding and merging like most financial institutions of the time have, this bank concentrated their efforts on their region. Just like the community banks did years ago. Thus they saved themselves the pain of asking for the tax payer bailout money from the federal government. Commerce bank from Kansas City Missouri made it to number three. They had a very low rate of nonperforming loans on the real estate side of financing. They had a solid $18 billion in assets that helped them weather the financial storm the hit the nation. Prosperity Bank out of Houston Texas made number four in most of the lists. This bank has a saying at th bank â€an ounce of prevention is better than a pound of cureâ€. This bank too followed the same strategy as its contemporaries in the list as they did not jump on the risky loan ventures like so many other banks; they never need the federal bailout either. Many Online Banks, conventional banks had to look towards the federal bailout money for getting out of the mess they were in due to the loan ventures which looked quite profitable in the beginning but crashed under their own weight. If you need solid bank rates, look at the Best Banks 2010 and what they have to offer. They have solid business plans and will be around for years to come. To know more about the Online Banks, Online Bank rates, Best online banks, Best Banks, Best Online bank rates, you must subscribe to the http://www.onlinebanksblog.com
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