The Graveyard › Banks › 1992
The Somersworth Bank
Somersworth, NH · failed June 26, 1992 · FDIC certificate 6251
The Somersworth Bank of Somersworth, NH failed on June 26, 1992. It opened in 1865, 127 years before. At its last report before that it held $114.1 million in assets and $113.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1990, it held $168.5 million. The FDIC estimates that the Bank Insurance Fund lost $18.4 million on it.
1984-031992-03
Assets at the end$114.1 millionlast report before June 26, 1992
Deposits at the end$113.5 million
Estimated loss to the fund$18.4 millionBIF
Largest in the quarterly reports$168.5 millionJune 30, 1990
Equity to assets0.2%March 31, 1992
Loans not being repaid11.7%noncurrent, March 31, 1992
Return on assets2.44%a year's rate, March 31, 1992
Staff25full time, March 31, 1992
Also ended in 1992
- Homefed Bank, FA · San Diego, CA · $12.2 billion in assets
- Crossland Savings Bank, FSB · Brooklyn, NY · $7.4 billion in assets
- Carteret FSB · Madison, NJ · $4.8 billion in assets
- Meritor Savings Bank · Philadelphia, PA · $4.1 billion in assets
- Dollar Dry Dock Bank · White Plains, NY · $4.0 billion in assets
- The Howard Savings Bank · Newark, NJ · $3.5 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.