The Graveyard › Banks › 1987
Sunbelt Fs&La
Watonga, OK · failed August 20, 1987 · FDIC certificate 31778
Sunbelt Fs&La of Watonga, OK failed on August 20, 1987. It opened in 1902, 85 years before. At its last report before that it held $65.5 million in assets and $60.1 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $73.8 million. The FDIC estimates that the FSLIC's fund lost $35.4 million on it.
1984-031987-06
Assets at the end$65.5 millionlast report before August 20, 1987
Deposits at the end$60.1 million
Estimated loss to the fund$35.4 millionFSLIC
Largest in the quarterly reports$73.8 millionSeptember 30, 1986
Equity to assets-9.9%June 30, 1987
Loans not being repaid36.1%noncurrent, June 30, 1987
Return on assets-12.11%a year's rate, June 30, 1987
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.