The Graveyard › Banks › 1986
New Mexico National Bank
Albuquerque, NM · failed July 17, 1986 · FDIC certificate 20457
New Mexico National Bank of Albuquerque, NM failed on July 17, 1986. It opened on July 15, 1971, 15 years before. At its last report before that it held $159.3 million in assets and $149.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $256.0 million. The FDIC estimates that the FDIC's insurance fund lost $34.3 million on it.
1984-031986-06
Assets at the end$159.3 millionlast report before July 17, 1986
Deposits at the end$149.2 million
Estimated loss to the fund$34.3 millionFDIC
Largest in the quarterly reports$256.0 millionDecember 31, 1984
Equity to assets4.6%June 30, 1986
Loans not being repaid17.1%noncurrent, June 30, 1986
Return on assets-3.69%a year's rate, June 30, 1986
Staff122full time, June 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.