The Graveyard › Banks › 1988
Farmers & Merchants Bank of Elmo
Elmo, MO · failed August 4, 1988 · FDIC certificate 13644
Farmers & Merchants Bank of Elmo of Elmo, MO failed on August 4, 1988. It opened in 1889, 99 years before. At its last report before that it held $9.2 million in assets and $8.8 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $15.9 million. The FDIC estimates that the FDIC's insurance fund lost $2.6 million on it.
1984-031988-06
Assets at the end$9.2 millionlast report before August 4, 1988
Deposits at the end$8.8 million
Estimated loss to the fund$2.6 millionFDIC
Largest in the quarterly reports$15.9 millionMarch 31, 1985
Equity to assets-5.7%June 30, 1988
Loans not being repaid10.7%noncurrent, June 30, 1988
Return on assets-8.43%a year's rate, June 30, 1988
Staff10full time, June 30, 1988
Also ended in 1988
- American S&LA · Stockton · $30.2 billion in assets · assisted
- First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
- Gibraltar SA · Houston · $6.5 billion in assets · assisted
- United Savings Association of Texas · Houston · $4.6 billion in assets · assisted
- First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
- First Texas Savings Association · Dallas · $3.1 billion in assets · assisted
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.