The Graveyard › Banks › 1985
State Bank of Frost
Frost, MN · failed December 20, 1985 · FDIC certificate 1917
State Bank of Frost of Frost, MN failed on December 20, 1985. At its last report before that it held $7.7 million in assets and $6.6 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $8.9 million. The FDIC estimates that the FDIC's insurance fund lost $2.0 million on it.
1984-031985-09
Assets at the end$7.7 millionlast report before December 20, 1985
Deposits at the end$6.6 million
Estimated loss to the fund$2.0 millionFDIC
Largest in the quarterly reports$8.9 millionDecember 31, 1984
Equity to assets6.9%September 30, 1985
Loans not being repaid14.1%noncurrent, September 30, 1985
Return on assets-3.66%a year's rate, September 30, 1985
Staff7full time, September 30, 1985
Also ended in 1985
- Bowery Savings Bank · New York · $5.3 billion in assets · assisted
- Beverly Hills S&LA · Beverly Hills · $2.9 billion in assets · assisted
- Central S&LA · San Diego · $2.3 billion in assets · assisted
- Bell S&LA · San Mateo · $1.6 billion in assets · assisted
- Eureka Fs&La · San Carlos · $1.6 billion in assets · assisted
- Sunrise, S&LA · Lake Worth, FL · $1.5 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.