The Graveyard › Banks › 1985

The First National Bank in Lincoln County

Ruidoso, NM · failed December 13, 1985 · FDIC certificate 23977

The First National Bank in Lincoln County of Ruidoso, NM failed on December 13, 1985. It opened on August 2, 1982, 3 years before. At its last report before that it held $32.0 million in assets and $30.7 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $43.6 million. The FDIC estimates that the FDIC's insurance fund lost $16.7 million on it.

1984-031985-09

Assets at the end$32.0 millionlast report before December 13, 1985

Deposits at the end$30.7 million

Estimated loss to the fund$16.7 millionFDIC

Largest in the quarterly reports$43.6 millionSeptember 30, 1984

Equity to assets-0.8%September 30, 1985

Loans not being repaid26.7%noncurrent, September 30, 1985

Return on assets-9.81%a year's rate, September 30, 1985

Staff36full time, September 30, 1985

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Also ended in 1985

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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.