The Graveyard › Banks › 2012
Putnam State Bank
Palatka, FL · failed June 15, 2012 · FDIC certificate 27405
Putnam State Bank of Palatka, FL failed on June 15, 2012. It opened on December 29, 1988, 23 years before. At its last report before that it held $169.5 million in assets and $160.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2010, it held $200.0 million. The FDIC estimates that the Deposit Insurance Fund lost $28.8 million on it.
1988-122012-03
Assets at the end$169.5 millionlast report before June 15, 2012
Deposits at the end$160.0 million
Estimated loss to the fund$28.8 millionDIF
Largest in the quarterly reports$200.0 millionMarch 31, 2010
Equity to assets0.1%March 31, 2012
Loans not being repaid17.8%noncurrent, March 31, 2012
Return on assets-7.66%a year's rate, March 31, 2012
Staff42full time, March 31, 2012
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.