The Graveyard › Banks › 2011
First Heritage Bank
Snohomish, WA · failed May 27, 2011 · FDIC certificate 23626
First Heritage Bank of Snohomish, WA failed on May 27, 2011. It opened on January 8, 1982, 29 years before. At its last report before that it held $173.5 million in assets and $163.3 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2010, it held $218.1 million. The FDIC estimates that the Deposit Insurance Fund lost $33.6 million on it.
1984-032011-03
Assets at the end$173.5 millionlast report before May 27, 2011
Deposits at the end$163.3 million
Estimated loss to the fund$33.6 millionDIF
Largest in the quarterly reports$218.1 millionMarch 31, 2010
Equity to assets2.2%March 31, 2011
Loans not being repaid13.2%noncurrent, March 31, 2011
Return on assets-0.99%a year's rate, March 31, 2011
Staff57full time, March 31, 2011
Also ended in 2011
- Superior Bank · Birmingham, AL · $3.0 billion in assets
- First Community Bank · Taos, NM · $2.2 billion in assets
- United Western Bank · Denver, CO · $2.2 billion in assets
- Integra Bank National Association · Evansville, IN · $2.0 billion in assets
- Lydian Private Bank · Palm Beach, FL · $1.7 billion in assets
- Community Banks of Colorado · Greenwood Village, CO · $1.3 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.