The Graveyard › Banks › 1986
First National Bank of Tipton
Tipton, IA · failed February 14, 1986 · FDIC certificate 16740
First National Bank of Tipton of Tipton, IA failed on February 14, 1986. It opened on November 5, 1948, 37 years before. At its last report before that it held $17.9 million in assets and $18.0 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $664,646 on it.
1984-031985-12
Assets at the end$17.9 millionlast report before February 14, 1986
Deposits at the end$18.0 million
Estimated loss to the fund$664,646FDIC
Equity to assets-2.3%December 31, 1985
Loans not being repaid9.1%noncurrent, December 31, 1985
Return on assets-5.04%a year's rate, December 31, 1985
Staff11full time, December 31, 1985
Also ended in 1986
- Western S&LA · Dallas, TX · $2.0 billion in assets
- The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
- Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
- National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
- Mainland S&LA · Houston, TX · $1.0 billion in assets
- American Diversified Savings Bank · Costa Mesa · $978.6 million 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.