Center State Bank
Center, NE · Owner: Center State Investment Co
$8.4M
total assets, September 30, 1987
$8.4M
total assets, September 30, 1987
Center State Bank was a state nonmember bank in Center, NE, owned by Center State Investment Co. It failed on Dec 3, 1987, and Farmers & Merchants STB BL took over its deposits. At its last report it held $8.41 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1987
This bank failed
- Failed on
- Dec 3, 1987
- Assets
- $8.4M
- Deposits
- $8.0M
- Estimated cost
- $1.6M
- Deposits went to
- Farmers & Merchants STB BL, Bloomfield, NE
Total assets
$8.4M
-20.1% in a year · -15.3% in a quarter
Deposits
$8.0M
-17.5% in a year · -12.0% in a quarter
Loans
$6.0M
-13.5% in a year · -14.6% in a quarter
Profit so far
-$335K
Jan 1 to Sep 30, 1987 · -33600.0% in a year
Capital ratio
3.04%
-3.47 pts in a year
Return on assets
-4.56%
-4.57 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Main Street, Center, NE, 68724
- County
- Knox
- Holding company
- Center State Investment Co
- Established
- Jan 1, 1902
- Failed
- Dec 3, 1987
- Employees
- 7
- Id
- b9813
Quarter by quarter
March 31, 1984 to September 30, 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 Center State Bank?
$8.41 million in total assets and $8.05 million in deposits as of September 30, 1987, with assets down 20.1% from a year before. Its loans were $6.02 million.
Is Center State Bank profitable?
No: it lost $335,000 from January 1 to September 30, 1987. Its return on assets was -4.56% a year; about 1% is typical.
Who owns Center State Bank?
Center State Bank is owned by Center State Investment Co, its holding company.
When did Center State Bank fail?
Dec 3, 1987. Farmers & Merchants STB BL of Bloomfield, NE took over its deposits. The estimated cost of the failure was $1.61 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.