The Graveyard › Banks › 1987
The Alexander State Bank
Alexander, KS · failed November 19, 1987 · FDIC certificate 13606
The Alexander State Bank of Alexander, KS failed on November 19, 1987. It opened in 1909, 78 years before. At its last report before that it held $9.2 million in assets and $9.4 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $12.3 million. The FDIC estimates that the FDIC's insurance fund lost $2.3 million on it.
1984-031987-09
Assets at the end$9.2 millionlast report before November 19, 1987
Deposits at the end$9.4 million
Estimated loss to the fund$2.3 millionFDIC
Largest in the quarterly reports$12.3 millionDecember 31, 1986
Equity to assets-2.9%September 30, 1987
Loans not being repaid9.0%noncurrent, September 30, 1987
Return on assets-5.82%a year's rate, September 30, 1987
Staff5full time, September 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.