American Security Bank
North Platte, NE · Owner: American Corp
$27.1M
total assets, June 30, 1987
$27.1M
total assets, June 30, 1987
American Security Bank was a state nonmember bank in North Platte, NE, owned by American Corp. It failed on Oct 30, 1987, and North Platte National Ba took over its deposits. At its last report it held $27.1 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1987
This bank failed
- Failed on
- Oct 30, 1987
- Assets
- $27.1M
- Deposits
- $26.5M
- Estimated cost
- $3.7M
- Deposits went to
- North Platte National Ba, North Platte, NE
Total assets
$27.1M
-19.7% in a year · -6.6% in a quarter
Deposits
$26.5M
-18.1% in a year · -6.4% in a quarter
Loans
$16.7M
-25.4% in a year · +0.4% in a quarter
Profit so far
-$685K
Jan 1 to Jun 30, 1987
Capital ratio
0.17%
-1.74 pts in a year
Return on assets
-4.62%
+1.95 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 410 Rodeo Road, North Platte, NE, 69101
- County
- Lincoln
- Holding company
- American Corp
- Established
- May 13, 1974
- Failed
- Oct 30, 1987
- Employees
- 33
- Id
- b21579
Quarter by quarter
March 31, 1984 to June 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 American Security Bank?
$27.1 million in total assets and $26.5 million in deposits as of June 30, 1987, with assets down 19.7% from a year before. Its loans were $16.7 million.
Is American Security Bank profitable?
No: it lost $685,000 from January 1 to June 30, 1987. Its return on assets was -4.62% a year; about 1% is typical.
Who owns American Security Bank?
American Security Bank is owned by American Corp, its holding company.
When did American Security Bank fail?
Oct 30, 1987. North Platte National Ba of North Platte, NE took over its deposits. The estimated cost of the failure was $3.74 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.