The Graveyard › Banks › 2020
Ericson State Bank
Ericson, NE · failed February 14, 2020 · FDIC certificate 18265
Ericson State Bank of Ericson, NE failed on February 14, 2020. It opened on October 20, 1959, 60 years before. At its last report before that it held $100.9 million in assets and $95.2 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2019, it held $113.0 million. The FDIC estimates that the Deposit Insurance Fund lost $23.3 million on it.
1984-032019-12
Assets at the end$100.9 millionlast report before February 14, 2020
Deposits at the end$95.2 million
Estimated loss to the fund$23.3 millionDIF
Largest in the quarterly reports$113.0 millionSeptember 30, 2019
Equity to assets3.7%December 31, 2019
Loans not being repaid6.9%noncurrent, December 31, 2019
Return on assets-3.36%a year's rate, December 31, 2019
Staff5full time, December 31, 2019
Also ended in 2020
- The First State Bank · Barboursville, WV · $151.8 million in assets
- First City Bank of Florida · Fort Walton Beach, FL · $136.6 million in assets
- Almena State Bank · Almena, KS · $65.7 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.