The Graveyard › Banks › 1990
Farmers State Bank
Schulenberg, TX · failed March 8, 1990 · FDIC certificate 18647
Farmers State Bank of Schulenberg, TX failed on March 8, 1990. It opened in 1924, 66 years before. At its last report before that it held $32.7 million in assets and $33.4 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1987, it held $50.1 million. The FDIC estimates that the Bank Insurance Fund lost $6.7 million on it.
1984-031989-12
Assets at the end$32.7 millionlast report before March 8, 1990
Deposits at the end$33.4 million
Estimated loss to the fund$6.7 millionBIF
Largest in the quarterly reports$50.1 millionSeptember 30, 1987
Equity to assets-3.6%December 31, 1989
Loans not being repaid8.3%noncurrent, December 31, 1989
Return on assets-7.38%a year's rate, December 31, 1989
Staff19full time, December 31, 1989
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 billion 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.