The Graveyard › Banks › 2010
St. Stephen State Bank
St. Stephen, MN · failed January 15, 2010 · FDIC certificate 17522
St. Stephen State Bank of St. Stephen, MN failed on January 15, 2010. It opened on October 1, 1920, 89 years before. At its last report before that it held $22.9 million in assets and $23.9 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2008, it held $35.2 million. The FDIC estimates that the Deposit Insurance Fund lost $7.7 million on it.
1984-032009-12
Assets at the end$22.9 millionlast report before January 15, 2010
Deposits at the end$23.9 million
Estimated loss to the fund$7.7 millionDIF
Largest in the quarterly reports$35.2 millionSeptember 30, 2008
Equity to assets-5.3%December 31, 2009
Loans not being repaid15.7%noncurrent, December 31, 2009
Return on assets-11.79%a year's rate, December 31, 2009
Staff11full time, December 31, 2009
Also ended in 2010
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- La Jolla Bank, FSB · La Jolla, CA · $3.6 billion in assets
- Riverside National Bank of Florida · Fort Pierce, FL · $3.4 billion in assets
- Frontier Bank · Everett, WA · $3.3 billion in assets
- Midwest Bank and Trust Company · Elmwood Park, IL · $3.2 billion 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.