The Graveyard › Banks › 1986
Eddy County National Bank
Carlsbad, NM · failed April 3, 1986 · FDIC certificate 23190
Eddy County National Bank of Carlsbad, NM failed on April 3, 1986. It opened on August 11, 1980, 5 years before. At its last report before that it held $30.4 million in assets and $26.5 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $44.4 million. The FDIC estimates that the FDIC's insurance fund lost $10.9 million on it.
1984-031985-12
Assets at the end$30.4 millionlast report before April 3, 1986
Deposits at the end$26.5 million
Estimated loss to the fund$10.9 millionFDIC
Largest in the quarterly reports$44.4 millionSeptember 30, 1984
Equity to assets0.1%December 31, 1985
Loans not being repaid20.3%noncurrent, December 31, 1985
Return on assets-4.74%a year's rate, December 31, 1985
Staff36full time, December 31, 1985
Also ended in 1986
- Western S&LA · Dallas, TX · $2.0 billion in assets
- The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
- Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
- National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
- Mainland S&LA · Houston, TX · $1.0 billion in assets
- American Diversified Savings Bank · Costa Mesa · $978.6 million in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.