The Graveyard › Banks › 1985
Farmers State Bank in Afton
Afton, OK · failed October 17, 1985 · FDIC certificate 2321
Farmers State Bank in Afton of Afton, OK failed on October 17, 1985. It opened on August 26, 1926, 59 years before. At its last report before that it held $10.8 million in assets and $9.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1984, it held $12.8 million. The FDIC estimates that the FDIC's insurance fund lost $2.8 million on it.
1984-031985-03
Assets at the end$10.8 millionlast report before October 17, 1985
Deposits at the end$9.9 million
Estimated loss to the fund$2.8 millionFDIC
Largest in the quarterly reports$12.8 millionJune 30, 1984
Equity to assets8.2%March 31, 1985
Loans not being repaid13.0%noncurrent, March 31, 1985
Return on assets-0.81%a year's rate, March 31, 1985
Staff13full time, March 31, 1985
Also ended in 1985
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- Beverly Hills S&LA · Beverly Hills · $2.9 billion in assets · assisted
- Central S&LA · San Diego · $2.3 billion in assets · assisted
- Bell S&LA · San Mateo · $1.6 billion in assets · assisted
- Eureka Fs&La · San Carlos · $1.6 billion in assets · assisted
- Sunrise, S&LA · Lake Worth, FL · $1.5 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.