Bank of Panama
Panama, NE · Owner: Farmers Insurance Agency Inc
$4.4M
total assets, September 30, 1985
$4.4M
total assets, September 30, 1985
Bank of Panama was a state nonmember bank in Panama, NE, owned by Farmers Insurance Agency Inc. It failed on Dec 19, 1985, and Farmers State Bank took over its deposits. At its last report it held $4.38 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1985
This bank failed
- Failed on
- Dec 19, 1985
- Assets
- $4.4M
- Deposits
- $4.3M
- Estimated cost
- $1.4M
- Deposits went to
- Farmers State Bank, Douglas, NE
Total assets
$4.4M
-18.8% in a year · 0.0% in a quarter
Deposits
$4.3M
-12.5% in a year · 0.0% in a quarter
Loans
$3.1M
-31.1% in a year · 0.0% in a quarter
Profit so far
-$419K
Jan 1 to Sep 30, 1985 · -1921.7% in a year
Capital ratio
0.59%
-1.92 pts in a year
Return on assets
-11.06%
-11.58 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Main Street, Panama, NE, 68419
- County
- Lancaster
- Holding company
- Farmers Insurance Agency Inc
- Established
- Jan 1, 1891
- Failed
- Dec 19, 1985
- Employees
- 6
- Id
- b18726
Quarter by quarter
March 31, 1984 to September 30, 1985
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 7
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Bank of Panama?
$4.38 million in total assets and $4.28 million in deposits as of September 30, 1985, with assets down 18.8% from a year before. Its loans were $3.06 million.
Is Bank of Panama profitable?
No: it lost $419,000 from January 1 to September 30, 1985. Its return on assets was -11.06% a year; about 1% is typical.
Who owns Bank of Panama?
Bank of Panama is owned by Farmers Insurance Agency Inc, its holding company.
When did Bank of Panama fail?
Dec 19, 1985. Farmers State Bank of Douglas, NE took over its deposits. The estimated cost of the failure was $1.42 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.