The Graveyard › Banks › 1986
Lakeland State Bank
Pequot Lakes, MN · failed December 19, 1986 · FDIC certificate 1407
Lakeland State Bank of Pequot Lakes, MN failed on December 19, 1986. It opened on June 17, 1914, 72 years before. At its last report before that it held $49.4 million in assets and $49.1 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $60.8 million. The FDIC estimates that the FDIC's insurance fund lost $7.0 million on it.
1984-031986-09
Assets at the end$49.4 millionlast report before December 19, 1986
Deposits at the end$49.1 million
Estimated loss to the fund$7.0 millionFDIC
Largest in the quarterly reports$60.8 millionJune 30, 1985
Equity to assets-0.2%September 30, 1986
Loans not being repaid14.9%noncurrent, September 30, 1986
Return on assets-10.06%a year's rate, September 30, 1986
Staff29full time, September 30, 1986
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.