The Graveyard › Banks › 2017

The Farmers and Merchants State Bank of Argonia

Argonia, KS · failed October 13, 2017 · FDIC certificate 17719

The Farmers and Merchants State Bank of Argonia of Argonia, KS failed on October 13, 2017. It opened on October 1, 1901, 116 years before. At its last report before that it held $33.0 million in assets and $27.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2015, it held $37.7 million. The FDIC estimates that the Deposit Insurance Fund lost $280,365 on it.

1984-032017-09

Assets at the end$33.0 millionlast report before October 13, 2017

Deposits at the end$27.5 million

Estimated loss to the fund$280,365DIF

Largest in the quarterly reports$37.7 millionDecember 31, 2015

Equity to assets-1.1%September 30, 2017

Loans not being repaid11.5%noncurrent, September 30, 2017

Return on assets-10.49%a year's rate, September 30, 2017

Staff14full time, September 30, 2017

Take today's blind test

Also ended in 2017

First NBC Bank · New Orleans, LA · $3.3 billion in assets
Guaranty Bank · Milwaukee, WI · $1.0 billion in assets
Seaway Bank and Trust Company · Chicago, IL · $297.8 million in assets
Washington Federal Bank For Savings · Chicago, IL · $166.3 million in assets
Harvest Community Bank · Pennsville, NJ · $124.2 million in assets
Proficio Bank · Cottonwood Heights, UT · $68.2 million 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.