The Graveyard › Banks › 1987
The First State Bank
Rockford, IA · failed March 4, 1987 · FDIC certificate 9101
The First State Bank of Rockford, IA failed on March 4, 1987. It opened in 1925, 62 years before. At its last report before that it held $15.8 million in assets and $15.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $18.2 million. The FDIC estimates that the FDIC's insurance fund lost $1.4 million on it.
1984-031986-12
Assets at the end$15.8 millionlast report before March 4, 1987
Deposits at the end$15.2 million
Estimated loss to the fund$1.4 millionFDIC
Largest in the quarterly reports$18.2 millionDecember 31, 1984
Equity to assets2.6%December 31, 1986
Loans not being repaid19.4%noncurrent, December 31, 1986
Return on assets-6.29%a year's rate, December 31, 1986
Staff8full time, December 31, 1986
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.