The Graveyard › Banks › 1987
North Central National Bank
Austin, TX · failed April 23, 1987 · FDIC certificate 26201
North Central National Bank of Austin, TX failed on April 23, 1987. It opened on April 1, 1985, 2 years before. At its last report before that it held $23.4 million in assets and $23.1 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $11.5 million on it.
1985-061987-03
Assets at the end$23.4 millionlast report before April 23, 1987
Deposits at the end$23.1 million
Estimated loss to the fund$11.5 millionFDIC
Largest in the quarterly reports$23.4 millionMarch 31, 1987
Equity to assets-0.6%March 31, 1987
Loans not being repaid9.9%noncurrent, March 31, 1987
Return on assets-1.29%a year's rate, March 31, 1987
Staff19full time, March 31, 1987
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.