The Graveyard › Banks › 1987
Latimer Bank & Trust
Latimer, IA · failed January 15, 1987 · FDIC certificate 17475
Latimer Bank & Trust of Latimer, IA failed on January 15, 1987. It opened on July 1, 1955, 31 years before. At its last report before that it held $23.2 million in assets and $22.0 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $24.9 million. The FDIC estimates that the FDIC's insurance fund lost $3.2 million on it.
1984-031986-12
Assets at the end$23.2 millionlast report before January 15, 1987
Deposits at the end$22.0 million
Estimated loss to the fund$3.2 millionFDIC
Largest in the quarterly reports$24.9 millionSeptember 30, 1984
Equity to assets4.7%December 31, 1986
Loans not being repaid12.8%noncurrent, December 31, 1986
Return on assets-2.02%a year's rate, December 31, 1986
Staff16full 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.