The Graveyard › Banks › 1988

Security State Bank

Casey · assisted August 9, 1988 · FDIC certificate 17439

Security State Bank of Casey was given assistance by the FDIC on August 9, 1988. The FDIC's list records an assistance transaction, not a closing. It opened on April 25, 1955, 33 years before. At its last report before that it held $15.4 million in assets and $15.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $21.8 million. The FDIC estimates that the FDIC's insurance fund lost $159,524 on it.

1984-031988-06

Assets at the end$15.4 millionlast report before August 9, 1988

Deposits at the end$15.2 million

Estimated loss to the fund$159,524FDIC

Largest in the quarterly reports$21.8 millionDecember 31, 1984

Equity to assets0.3%June 30, 1988

Loans not being repaid13.5%noncurrent, June 30, 1988

Return on assets-0.11%a year's rate, June 30, 1988

Staff9full time, June 30, 1988

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Also ended in 1988

American S&LA · Stockton · $30.2 billion in assets · assisted
First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
Gibraltar SA · Houston · $6.5 billion in assets · assisted
United Savings Association of Texas · Houston · $4.6 billion in assets · assisted
First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
First Texas Savings Association · Dallas · $3.1 billion 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.