America Bank in Louisiana
Morgan City, LA · Owner: America Corp
$15.0M
total assets, September 30, 1987
$15.0M
total assets, September 30, 1987
America Bank in Louisiana was a state nonmember bank in Morgan City, LA, owned by America Corp. It failed on Dec 10, 1987, and ST Mary BANK&TRUST Co took over its deposits. At its last report it held $15.0 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1987
This bank failed
- Failed on
- Dec 10, 1987
- Assets
- $15.0M
- Deposits
- $14.6M
- Estimated cost
- $4.0M
- Deposits went to
- ST Mary BANK&TRUST Co, Franklin, LA
Total assets
$15.0M
-39.2% in a year · -11.5% in a quarter
Deposits
$14.6M
-36.0% in a year · -10.2% in a quarter
Loans
$9.7M
-24.8% in a year · -5.4% in a quarter
Profit so far
-$931K
Jan 1 to Sep 30, 1987
Capital ratio
1.42%
-4.74 pts in a year
Return on assets
-6.82%
+0.80 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 1200 Brashear Avenue, Morgan City, LA, 70380
- County
- St. Mary
- Holding company
- America Corp
- Established
- Dec 3, 1979
- Failed
- Dec 10, 1987
- Employees
- 18
- Id
- b22990
Quarter by quarter
March 31, 1984 to September 30, 1987
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is America Bank in Louisiana?
$15.0 million in total assets and $14.6 million in deposits as of September 30, 1987, with assets down 39.2% from a year before. Its loans were $9.69 million.
Is America Bank in Louisiana profitable?
No: it lost $931,000 from January 1 to September 30, 1987. Its return on assets was -6.82% a year; about 1% is typical.
Who owns America Bank in Louisiana?
America Bank in Louisiana is owned by America Corp, its holding company.
When did America Bank in Louisiana fail?
Dec 10, 1987. ST Mary BANK&TRUST Co of Franklin, LA took over its deposits. The estimated cost of the failure was $3.96 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.