Bank of Gering
Gering, NE · Owner: Gering State Co
$24.2M
total assets, June 30, 1986
$24.2M
total assets, June 30, 1986
Bank of Gering was a state nonmember bank in Gering, NE, owned by Gering State Co. It failed on Oct 23, 1986, and First State Bank took over its deposits. At its last report it held $24.2 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1986
This bank failed
- Failed on
- Oct 23, 1986
- Assets
- $24.2M
- Deposits
- $22.2M
- Estimated cost
- $3.9M
- Deposits went to
- First State Bank, Scottsbluff, NE
Total assets
$24.2M
-17.1% in a year · -8.0% in a quarter
Deposits
$22.2M
-16.8% in a year · -9.0% in a quarter
Loans
$14.5M
-11.6% in a year · +0.8% in a quarter
Profit so far
-$84K
Jan 1 to Jun 30, 1986 · -333.3% in a year
Capital ratio
4.93%
-1.97 pts in a year
Return on assets
-0.64%
-0.38 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 1540 Tenth Street, Gering, NE, 69341
- County
- Scotts Bluff
- Holding company
- Gering State Co
- Established
- Jan 1, 1934
- Failed
- Oct 23, 1986
- Employees
- 16
- Id
- b5437
Quarter by quarter
March 31, 1984 to June 30, 1986
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 10
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Bank of Gering?
$24.2 million in total assets and $22.2 million in deposits as of June 30, 1986, with assets down 17.1% from a year before. Its loans were $14.5 million.
Is Bank of Gering profitable?
No: it lost $84,000 from January 1 to June 30, 1986. Its return on assets was -0.64% a year; about 1% is typical.
Who owns Bank of Gering?
Bank of Gering is owned by Gering State Co, its holding company.
When did Bank of Gering fail?
Oct 23, 1986. First State Bank of Scottsbluff, NE took over its deposits. The estimated cost of the failure was $3.87 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.