The Graveyard › Banks › 2012
The First State Bank
Stockbridge, GA · failed January 20, 2012 · FDIC certificate 19252
The First State Bank of Stockbridge, GA failed on January 20, 2012. It opened on October 8, 1964, 47 years before. At its last report before that it held $516.8 million in assets and $509.1 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2007, it held $751.9 million. The FDIC estimates that the Deposit Insurance Fund lost $192.1 million on it.
1984-032011-12
Assets at the end$516.8 millionlast report before January 20, 2012
Deposits at the end$509.1 million
Estimated loss to the fund$192.1 millionDIF
Largest in the quarterly reports$751.9 millionSeptember 30, 2007
Equity to assets0.9%December 31, 2011
Loans not being repaid26.5%noncurrent, December 31, 2011
Return on assets-2.12%a year's rate, December 31, 2011
Staff106full time, December 31, 2011
Also ended in 2012
- Tennessee Commerce Bank · Franklin, TN · $1.0 billion in assets
- Citizens First National Bank · Princeton, IL · $924.0 million in assets
- Fidelity Bank · Dearborn, MI · $818.2 million in assets
- Waccamaw Bank · Whiteville, NC · $533.1 million in assets
- Inter Savings Bank, fsb D/B/A Interbank, fsb · Maple Grove, MN · $463.8 million in assets
- NOVA Bank · Berwyn, PA · $444.7 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.