Boundary Waters State Bank
Ely, MN
$13.4M
total assets, September 30, 1990
$13.4M
total assets, September 30, 1990
Boundary Waters State Bank was a state nonmember bank in Ely, MN. It failed on Nov 30, 1990, and Stearns County National Ban took over its deposits. At its last report it held $13.4 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1990
This bank failed
- Failed on
- Nov 30, 1990
- Assets
- $13.4M
- Deposits
- $13.4M
- Estimated cost
- $1.5M
- Deposits went to
- Stearns County National Ban, Albany, MN
Total assets
$13.4M
-3.8% in a year · +6.0% in a quarter
Deposits
$13.4M
-4.3% in a year · +5.2% in a quarter
Loans
$9.3M
-0.3% in a year · -4.2% in a quarter
Profit so far
$40K
Jan 1 to Sep 30, 1990
Capital ratio
-0.81%
+0.32 pts in a year
Return on assets
0.40%
+3.06 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 601 East Sheridan Street, Ely, MN, 55731
- County
- St. Louis
- Established
- Aug 1, 1978
- Failed
- Nov 30, 1990
- Employees
- 14
- Id
- b22690
Quarter by quarter
March 31, 1984 to September 30, 1990
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 Boundary Waters State Bank?
$13.4 million in total assets and $13.4 million in deposits as of September 30, 1990, with assets down 3.8% from a year before. Its loans were $9.28 million.
Is Boundary Waters State Bank profitable?
Yes: it earned $40,000 from January 1 to September 30, 1990. Its return on assets was 0.40% a year; about 1% is typical.
When did Boundary Waters State Bank fail?
Nov 30, 1990. Stearns County National Ban of Albany, MN took over its deposits. The estimated cost of the failure was $1.46 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.