The Graveyard › Banks › 1987
Security National Bank
Midland, TX · failed February 12, 1987 · FDIC certificate 24039
Security National Bank of Midland, TX failed on February 12, 1987. It opened on August 9, 1982, 4 years before. At its last report before that it held $8.6 million in assets and $8.8 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $15.5 million. The FDIC estimates that the FDIC's insurance fund lost $3.7 million on it.
1984-031986-12
Assets at the end$8.6 millionlast report before February 12, 1987
Deposits at the end$8.8 million
Estimated loss to the fund$3.7 millionFDIC
Largest in the quarterly reports$15.5 millionSeptember 30, 1984
Equity to assets-2.6%December 31, 1986
Loans not being repaid5.8%noncurrent, December 31, 1986
Return on assets-4.00%a year's rate, December 31, 1986
Staff13full time, December 31, 1986
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.