The Graveyard › Banks › 1987
Farmers State Bank
Kanawha, IA · failed July 30, 1987 · FDIC certificate 13152
Farmers State Bank of Kanawha, IA failed on July 30, 1987. At its last report before that it held $15.9 million in assets and $15.3 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1984, it held $21.6 million. The FDIC estimates that the FDIC's insurance fund lost $2.4 million on it.
1984-031987-06
Assets at the end$15.9 millionlast report before July 30, 1987
Deposits at the end$15.3 million
Estimated loss to the fund$2.4 millionFDIC
Largest in the quarterly reports$21.6 millionJune 30, 1984
Equity to assets0.8%June 30, 1987
Loans not being repaid10.3%noncurrent, June 30, 1987
Return on assets-8.66%a year's rate, June 30, 1987
Staff9full time, June 30, 1987
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.