The Graveyard › Banks › 1987
Federated National Bank
Live Oak · failed February 12, 1987 · FDIC certificate 25193
Federated National Bank of Live Oak failed on February 12, 1987. It opened on June 14, 1984, 2 years before. At its last report before that it held $13.6 million in assets and $12.4 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $22.1 million. The FDIC estimates that the FDIC's insurance fund lost $4.9 million on it.
1984-061986-12
Assets at the end$13.6 millionlast report before February 12, 1987
Deposits at the end$12.4 million
Estimated loss to the fund$4.9 millionFDIC
Largest in the quarterly reports$22.1 millionJune 30, 1985
Equity to assets0.4%December 31, 1986
Loans not being repaid10.9%noncurrent, December 31, 1986
Return on assets-6.52%a year's rate, December 31, 1986
Staff15full time, December 31, 1986
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.