The Graveyard › Banks › 1987
Farmers State Bank
Hart, TX · failed February 26, 1987 · FDIC certificate 17947
Farmers State Bank of Hart, TX failed on February 26, 1987. It opened on December 14, 1957, 29 years before. At its last report before that it held $9.8 million in assets and $9.6 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $15.1 million. The FDIC estimates that the FDIC's insurance fund lost $1.2 million on it.
1984-031986-12
Assets at the end$9.8 millionlast report before February 26, 1987
Deposits at the end$9.6 million
Estimated loss to the fund$1.2 millionFDIC
Largest in the quarterly reports$15.1 millionDecember 31, 1985
Equity to assets1.1%December 31, 1986
Loans not being repaid26.8%noncurrent, December 31, 1986
Return on assets-11.46%a year's rate, December 31, 1986
Staff11full time, December 31, 1986
Also ended in 1987
- Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
- Freedom S&LA · Tampa, FL · $1.9 billion in assets
- Vernon S&LA · Vernon, TX · $1.3 billion in assets
- Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
- Independent American SA · Irving, TX · $1.0 billion in assets
- First Financial Bank, FSB · New Orleans · $744.9 million 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.