The Graveyard › Banks › 1990
Farmers State Bank of Shiro, Texas
Shiro, TX · failed January 25, 1990 · FDIC certificate 1215
Farmers State Bank of Shiro, Texas of Shiro, TX failed on January 25, 1990. It opened on June 27, 1911, 78 years before. At its last report before that it held $4.6 million in assets and $4.4 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $4.8 million. The FDIC estimates that the Bank Insurance Fund lost $2.1 million on it.
1984-031989-09
Assets at the end$4.6 millionlast report before January 25, 1990
Deposits at the end$4.4 million
Estimated loss to the fund$2.1 millionBIF
Largest in the quarterly reports$4.8 millionJune 30, 1988
Equity to assets2.4%September 30, 1989
Loans not being repaid10.4%noncurrent, September 30, 1989
Return on assets-5.74%a year's rate, September 30, 1989
Staff5full time, September 30, 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.