The Graveyard › Banks › 1985

Midland Fs&La

Moorhead · assisted December 2, 1985 · FDIC certificate 30731

Midland Fs&La of Moorhead was given assistance by the FSLIC on December 2, 1985. The FDIC's list records an assistance transaction, not a closing. It opened on September 9, 1954, 31 years before. At its last report before that it held $38.0 million in assets and $40.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1984, it held $40.8 million. The FDIC estimates that the FSLIC's fund lost $48.9 million on it.

1984-031985-09

Assets at the end$38.0 millionlast report before December 2, 1985

Deposits at the end$40.9 million

Estimated loss to the fund$48.9 millionFSLIC

Largest in the quarterly reports$40.8 millionJune 30, 1984

Equity to assets-10.5%September 30, 1985

Loans not being repaid5.4%noncurrent, September 30, 1985

Return on assets-2.12%a year's rate, September 30, 1985

Take today's blind test

Also ended in 1985

Bowery Savings Bank · New York · $5.3 billion in assets · assisted
Beverly Hills S&LA · Beverly Hills · $2.9 billion in assets · assisted
Central S&LA · San Diego · $2.3 billion in assets · assisted
Bell S&LA · San Mateo · $1.6 billion in assets · assisted
Eureka Fs&La · San Carlos · $1.6 billion in assets · assisted
Sunrise, S&LA · Lake Worth, FL · $1.5 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.