$10.7M
total assets, March 31, 1990
Bank M was a state member bank in Miami, FL. It failed on Jun 15, 1990, and Bank Of North America took over its deposits. At its last report it held $10.7 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1990
This bank failed
- Failed on
- Jun 15, 1990
- Assets
- $10.7M
- Deposits
- $10.7M
- Estimated cost
- $3.9M
- Deposits went to
- Bank Of North America, Miami, FL
Total assets
$10.7M
-23.0% in a year · -24.7% in a quarter
Deposits
$10.7M
-13.1% in a year · -23.3% in a quarter
Loans
$8.6M
-7.2% in a year · -5.0% in a quarter
Profit so far
-$408K
Jan 1 to Mar 31, 1990
Capital ratio
-3.13%
-12.02 pts in a year
Return on assets
-13.11%
-9.28 pts in a year
Facts
- Type
- State member bank
- Head office
- 2600 S.W. Third Avenue, Miami, FL, 33129
- County
- Miami-Dade
- Established
- Sep 16, 1983
- Failed
- Jun 15, 1990
- Employees
- 17
- Id
- b24683
Quarter by quarter
March 31, 1984 to March 31, 1990
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 Bank M?
$10.7 million in total assets and $10.7 million in deposits as of March 31, 1990, with assets down 23.0% from a year before. Its loans were $8.58 million.
Is Bank M profitable?
No: it lost $408,000 from January 1 to March 31, 1990. Its return on assets was -13.11% a year; about 1% is typical.
When did Bank M fail?
Jun 15, 1990. Bank Of North America of Miami, FL took over its deposits. The estimated cost of the failure was $3.85 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.