The Graveyard › Banks › 2016
North Milwaukee State Bank
Milwaukee, WI · failed March 11, 2016 · FDIC certificate 20364
North Milwaukee State Bank of Milwaukee, WI failed on March 11, 2016. It opened on February 12, 1971, 45 years before. At its last report before that it held $67.1 million in assets and $61.5 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2010, it held $94.6 million. The FDIC estimates that the Deposit Insurance Fund lost $11.8 million on it.
1984-032015-12
Assets at the end$67.1 millionlast report before March 11, 2016
Deposits at the end$61.5 million
Estimated loss to the fund$11.8 millionDIF
Largest in the quarterly reports$94.6 millionSeptember 30, 2010
Equity to assets5.2%December 31, 2015
Loans not being repaid8.5%noncurrent, December 31, 2015
Return on assets-2.88%a year's rate, December 31, 2015
Staff17full time, December 31, 2015
Also ended in 2016
- First CornerStone Bank · King of Prussia, PA · $103.3 million in assets
- Allied Bank · Mulberry, AR · $66.3 million in assets
- The Woodbury Banking Company · Woodbury, GA · $21.4 million in assets
- Trust Company Bank · Memphis, TN · $19.0 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.