Using federal financial reports for the quarter ended June 30, the bank research firm assigned star ratings from a low of zero and to a high of five.

Two local institutions, Harbor Federal Savings in Fort Pierce and Independent Community Bank in Tequesta both received five-star ratings. Ten Florida-based institutions received four stars.

West Palm Beach-based Grand Bank & Trust of Florida was the only local institution to drop in ratings, moving to four stars, which is considered superior, from five stars.

The bank's growth lowered its ratio of capital to assets to slightly less than the minimum for a five-star rating, said BauerFinancial President Karen Dorway.

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