The Graveyard › Banks › 2010
Tifton Banking Company
Tifton, GA · failed November 12, 2010 · FDIC certificate 57831
Tifton Banking Company of Tifton, GA failed on November 12, 2010. It opened on October 12, 2004, 6 years before. At its last report before that it held $143.7 million in assets and $141.6 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2009, it held $191.9 million. The FDIC estimates that the Deposit Insurance Fund lost $21.4 million on it.
2004-122010-09
Assets at the end$143.7 millionlast report before November 12, 2010
Deposits at the end$141.6 million
Estimated loss to the fund$21.4 millionDIF
Largest in the quarterly reports$191.9 millionDecember 31, 2009
Equity to assets1.2%September 30, 2010
Loans not being repaid19.6%noncurrent, September 30, 2010
Return on assets-8.47%a year's rate, September 30, 2010
Staff17full time, September 30, 2010
Also ended in 2010
- Westernbank Puerto Rico · Mayaguez, PR · $10.8 billion in assets
- R-G Premier Bank of Puerto Rico · Hato Rey, PR · $5.7 billion in assets
- La Jolla Bank, FSB · La Jolla, CA · $3.6 billion in assets
- Riverside National Bank of Florida · Fort Pierce, FL · $3.4 billion in assets
- Frontier Bank · Everett, WA · $3.3 billion in assets
- Midwest Bank and Trust Company · Elmwood Park, IL · $3.2 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.