The Graveyard › Banks › 1987
The Security State Bank
Davenport, OK · failed August 6, 1987 · FDIC certificate 6004
The Security State Bank of Davenport, OK failed on August 6, 1987. It opened on November 10, 1902, 84 years before. At its last report before that it held $9.4 million in assets and $8.8 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $3.6 million on it.
1984-031987-03
Assets at the end$9.4 millionlast report before August 6, 1987
Deposits at the end$8.8 million
Estimated loss to the fund$3.6 millionFDIC
Largest in the quarterly reports$9.7 millionJune 30, 1986
Equity to assets4.7%March 31, 1987
Loans not being repaid20.3%noncurrent, March 31, 1987
Return on assets-0.47%a year's rate, March 31, 1987
Staff11full time, March 31, 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.