$24.0M
total assets, March 31, 1987
Bank of Oak Grove was a state nonmember bank in Oak Grove, LA. It failed on May 21, 1987, and West Carroll NB Of Oak G took over its deposits. At its last report it held $24.0 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1987
This bank failed
- Failed on
- May 21, 1987
- Assets
- $24.0M
- Deposits
- $23.6M
- Estimated cost
- $6.0M
- Deposits went to
- West Carroll NB Of Oak G, Oak Grove, LA
Total assets
$24.0M
-21.0% in a year · -9.2% in a quarter
Deposits
$23.6M
-17.0% in a year · -6.4% in a quarter
Loans
$16.0M
-18.9% in a year · -8.2% in a quarter
Profit so far
-$756K
Jan 1 to Mar 31, 1987 · -260.5% in a year
Capital ratio
-1.09%
-5.31 pts in a year
Return on assets
-11.98%
-18.12 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 316 East Main Street, Oak Grove, LA, 71263
- County
- West Carroll
- Established
- Jan 1, 1907
- Failed
- May 21, 1987
- Employees
- 25
- Id
- b317
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 Oak Grove?
$24.0 million in total assets and $23.6 million in deposits as of March 31, 1987, with assets down 21.0% from a year before. Its loans were $16.0 million.
Is Bank of Oak Grove profitable?
No: it lost $756,000 from January 1 to March 31, 1987. Its return on assets was -11.98% a year; about 1% is typical.
When did Bank of Oak Grove fail?
May 21, 1987. West Carroll NB Of Oak G of Oak Grove, LA took over its deposits. The estimated cost of the failure was $5.97 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.