The Graveyard › Banks › 1985
Farmers State Bank of Round Lake
Round Lake, MN · failed August 2, 1985 · FDIC certificate 10970
Farmers State Bank of Round Lake of Round Lake, MN failed on August 2, 1985. It opened on July 3, 1911, 74 years before. At its last report before that it held $23.2 million in assets and $20.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $25.2 million. The FDIC estimates that the FDIC's insurance fund lost $7.5 million on it.
1984-031985-03
Assets at the end$23.2 millionlast report before August 2, 1985
Deposits at the end$20.9 million
Estimated loss to the fund$7.5 millionFDIC
Largest in the quarterly reports$25.2 millionDecember 31, 1984
Equity to assets8.8%March 31, 1985
Loans not being repaid16.6%noncurrent, March 31, 1985
Return on assets0.31%a year's rate, March 31, 1985
Staff15full time, March 31, 1985
Also ended in 1985
- Bowery Savings Bank · New York · $5.3 billion in assets · assisted
- 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.