The Graveyard › Banks › 1987
First Fs&La of Beloit
Beloit, KS · failed February 27, 1987 · FDIC certificate 28129
First Fs&La of Beloit of Beloit, KS failed on February 27, 1987. It opened in 1916, 71 years before. At its last report before that it held $82.9 million in assets and $89.7 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $108.3 million. The FDIC estimates that the FSLIC's fund lost $22.4 million on it.
1984-031986-12
Assets at the end$82.9 millionlast report before February 27, 1987
Deposits at the end$89.7 million
Estimated loss to the fund$22.4 millionFSLIC
Largest in the quarterly reports$108.3 millionMarch 31, 1985
Equity to assets-15.7%December 31, 1986
Loans not being repaid17.1%noncurrent, December 31, 1986
Return on assets-13.93%a year's rate, 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.