Aredale State Bank
Aredale, IA · Owner: Eagle Financial Corp
$9.6M
total assets, September 30, 1987
$9.6M
total assets, September 30, 1987
Aredale State Bank was a state nonmember bank in Aredale, IA, owned by Eagle Financial Corp. It failed on Jan 20, 1988, and First Security BANK&TRUS took over its deposits. At its last report it held $9.65 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1987
This bank failed
- Failed on
- Jan 20, 1988
- Assets
- $9.6M
- Deposits
- $9.1M
- Estimated cost
- $313K
- Deposits went to
- First Security BANK&TRUS, Charles City, IA
Total assets
$9.6M
+0.1% in a year · -3.9% in a quarter
Deposits
$9.1M
+4.8% in a year · -1.3% in a quarter
Loans
$5.0M
-1.4% in a year · -4.4% in a quarter
Profit so far
-$281K
Jan 1 to Sep 30, 1987 · -408.8% in a year
Capital ratio
4.57%
-4.52 pts in a year
Return on assets
-3.79%
-5.20 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Main Street, Aredale, IA, 50605
- County
- Butler
- Holding company
- Eagle Financial Corp
- Established
- May 27, 1927
- Failed
- Jan 20, 1988
- Employees
- 4
- Id
- b14376
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 Aredale State Bank?
$9.65 million in total assets and $9.09 million in deposits as of September 30, 1987, with assets up 0.1% from a year before. Its loans were $5.01 million.
Is Aredale State Bank profitable?
No: it lost $281,000 from January 1 to September 30, 1987. Its return on assets was -3.79% a year; about 1% is typical.
Who owns Aredale State Bank?
Aredale State Bank is owned by Eagle Financial Corp, its holding company.
When did Aredale State Bank fail?
Jan 20, 1988. First Security BANK&TRUS of Charles City, IA took over its deposits. The estimated cost of the failure was $313,305.
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.