The Graveyard › Banks › 1986

Farmers & Merchants St Bank of Lamberton

Lamberton, MN · failed March 14, 1986 · FDIC certificate 1405

Farmers & Merchants St Bank of Lamberton of Lamberton, MN failed on March 14, 1986. It opened on February 1, 1926, 60 years before. At its last report before that it held $17.1 million in assets and $16.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $22.1 million. The FDIC estimates that the FDIC's insurance fund lost $3.6 million on it.

1984-031985-12

Assets at the end$17.1 millionlast report before March 14, 1986

Deposits at the end$16.2 million

Estimated loss to the fund$3.6 millionFDIC

Largest in the quarterly reports$22.1 millionDecember 31, 1984

Equity to assets3.9%December 31, 1985

Loans not being repaid32.4%noncurrent, December 31, 1985

Return on assets-6.24%a year's rate, December 31, 1985

Staff11full time, December 31, 1985

On the FDIC's list: FARMERS & MERCHANTS ST BK OF LAMBERTON.

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Also ended in 1986

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National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
Mainland S&LA · Houston, TX · $1.0 billion in assets
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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.