$12.0M
total assets, December 31, 1987
Basin State Bank was a state nonmember bank in Vernal, UT. It failed on Feb 12, 1988, and Zions First National Ban took over its deposits. At its last report it held $12.0 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1987
This bank failed
- Failed on
- Feb 12, 1988
- Assets
- $12.0M
- Deposits
- $11.5M
- Estimated cost
- $3.4M
- Deposits went to
- Zions First National Ban, Salt Lake City, UT
Total assets
$12.0M
-6.2% in a year · -11.3% in a quarter
Deposits
$11.5M
-0.8% in a year · -11.3% in a quarter
Loans
$8.5M
-14.7% in a year · -2.2% in a quarter
Profit so far
-$677K
Jan 1 to Dec 31, 1987 · -1067.1% in a year
Capital ratio
3.33%
-4.76 pts in a year
Return on assets
-5.06%
-5.52 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 361 East Main, Vernal, UT, 84078
- County
- Uintah
- Established
- Apr 1, 1981
- Failed
- Feb 12, 1988
- Employees
- 15
- Id
- b23395
Quarter by quarter
March 31, 1984 to December 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 Basin State Bank?
$12.0 million in total assets and $11.5 million in deposits as of December 31, 1987, with assets down 6.2% from a year before. Its loans were $8.52 million.
Is Basin State Bank profitable?
No: it lost $677,000 from January 1 to December 31, 1987. Its return on assets was -5.06% a year; about 1% is typical.
When did Basin State Bank fail?
Feb 12, 1988. Zions First National Ban of Salt Lake City, UT took over its deposits. The estimated cost of the failure was $3.41 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.