The Graveyard › Banks › 1985
Farmers State Bank
Sargent, NE · failed December 19, 1985 · FDIC certificate 16732
Farmers State Bank of Sargent, NE failed on December 19, 1985. It opened in 1910, 75 years before. At its last report before that it held $12.5 million in assets and $11.3 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $1.6 million on it.
1984-031985-09
Assets at the end$12.5 millionlast report before December 19, 1985
Deposits at the end$11.3 million
Estimated loss to the fund$1.6 millionFDIC
Equity to assets7.9%September 30, 1985
Loans not being repaid33.4%noncurrent, September 30, 1985
Return on assets0.09%a year's rate, September 30, 1985
Staff6full time, September 30, 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.