The Graveyard › Banks › 1986
Mt. Whitney S&LA
Exeter · failed February 12, 1986 · FDIC certificate 32058
Mt. Whitney S&LA of Exeter failed on February 12, 1986. It opened in 1979, 7 years before. At its last report before that it held $81.6 million in assets and $83.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $88.0 million. The FDIC estimates that the FSLIC's fund lost $29.8 million on it.
1984-031985-12
Assets at the end$81.6 millionlast report before February 12, 1986
Deposits at the end$83.9 million
Estimated loss to the fund$29.8 millionFSLIC
Largest in the quarterly reports$88.0 millionJune 30, 1985
Equity to assets-5.0%December 31, 1985
Loans not being repaid8.3%noncurrent, December 31, 1985
Return on assets-3.96%a year's rate, 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.