$19.8M
total assets, March 31, 1987
Bank of Iron County was a state nonmember bank in Parowan, UT. It failed on Apr 10, 1987, and Dixie State Bank took over its deposits. At its last report it held $19.8 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1987
This bank failed
- Failed on
- Apr 10, 1987
- Assets
- $19.8M
- Deposits
- $19.5M
- Estimated cost
- $3.8M
- Deposits went to
- Dixie State Bank, ST. George, UT
Total assets
$19.8M
-10.7% in a year · -5.5% in a quarter
Deposits
$19.5M
-4.8% in a year · -5.4% in a quarter
Loans
$13.5M
-14.7% in a year · -1.0% in a quarter
Profit so far
-$38K
Jan 1 to Mar 31, 1987 · -141.8% in a year
Capital ratio
-1.75%
-4.48 pts in a year
Return on assets
-0.74%
-2.32 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 78 East Center Street, Parowan, UT, 84761
- County
- Iron
- Established
- Sep 2, 1947
- Failed
- Apr 10, 1987
- Employees
- 40
- Id
- b16617
Quarter by quarter
March 31, 1984 to March 31, 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 Bank of Iron County?
$19.8 million in total assets and $19.5 million in deposits as of March 31, 1987, with assets down 10.7% from a year before. Its loans were $13.5 million.
Is Bank of Iron County profitable?
No: it lost $38,000 from January 1 to March 31, 1987. Its return on assets was -0.74% a year; about 1% is typical.
When did Bank of Iron County fail?
Apr 10, 1987. Dixie State Bank of ST. George, UT took over its deposits. The estimated cost of the failure was $3.75 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.