The Graveyard › Banks › 2012
Patriot Bank Minnesota
Forest Lake, MN · failed January 27, 2012 · FDIC certificate 34823
Patriot Bank Minnesota of Forest Lake, MN failed on January 27, 2012. It opened on July 20, 1998, 13 years before. At its last report before that it held $105.0 million in assets and $102.8 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2009, it held $140.9 million. The FDIC estimates that the Deposit Insurance Fund lost $35.3 million on it.
1998-092011-12
Assets at the end$105.0 millionlast report before January 27, 2012
Deposits at the end$102.8 million
Estimated loss to the fund$35.3 millionDIF
Largest in the quarterly reports$140.9 millionSeptember 30, 2009
Equity to assets1.5%December 31, 2011
Loans not being repaid14.9%noncurrent, December 31, 2011
Return on assets-5.03%a year's rate, December 31, 2011
Staff28full time, December 31, 2011
Also ended in 2012
- Tennessee Commerce Bank · Franklin, TN · $1.0 billion in assets
- Citizens First National Bank · Princeton, IL · $924.0 million in assets
- Fidelity Bank · Dearborn, MI · $818.2 million in assets
- Waccamaw Bank · Whiteville, NC · $533.1 million in assets
- The First State Bank · Stockbridge, GA · $516.8 million in assets
- Inter Savings Bank, fsb D/B/A Interbank, fsb · Maple Grove, MN · $463.8 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.