The Graveyard › Banks › 1986
Panhandle Bank & Trust Company
Borger, TX · failed December 4, 1986 · FDIC certificate 15371
Panhandle Bank & Trust Company of Borger, TX failed on December 4, 1986. It opened on March 24, 1936, 50 years before. At its last report before that it held $112.1 million in assets and $99.9 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $151.9 million. The FDIC estimates that the FDIC's insurance fund lost $17.8 million on it.
1984-031986-09
Assets at the end$112.1 millionlast report before December 4, 1986
Deposits at the end$99.9 million
Estimated loss to the fund$17.8 millionFDIC
Largest in the quarterly reports$151.9 millionMarch 31, 1985
Equity to assets2.3%September 30, 1986
Loans not being repaid16.7%noncurrent, September 30, 1986
Return on assets-2.22%a year's rate, September 30, 1986
Staff74full time, September 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.