$50.2M
total assets, September 30, 1987
Colonial Bank was a state nonmember bank in New Orleans, LA. It failed on Jan 14, 1988, and Pontchartrain State Bank took over its deposits. At its last report it held $50.2 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1987
This bank failed
- Failed on
- Jan 14, 1988
- Assets
- $50.2M
- Deposits
- $50.4M
- Estimated cost
- $3.4M
- Deposits went to
- Pontchartrain State Bank, Metairie, LA
Total assets
$50.2M
+4.6% in a year · -6.1% in a quarter
Deposits
$50.4M
+12.8% in a year · -2.5% in a quarter
Loans
$33.7M
-0.5% in a year · -2.1% in a quarter
Profit so far
-$2.4M
Jan 1 to Sep 30, 1987 · -7158.8% in a year
Capital ratio
-2.54%
-6.62 pts in a year
Return on assets
-6.16%
-6.25 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 2714 Canal Street, New Orleans, LA, 70119
- County
- Orleans
- Established
- Jan 8, 1968
- Failed
- Jan 14, 1988
- Employees
- 42
- Id
- b19779
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 Colonial Bank?
$50.2 million in total assets and $50.4 million in deposits as of September 30, 1987, with assets up 4.6% from a year before. Its loans were $33.7 million.
Is Colonial Bank profitable?
No: it lost $2.40 million from January 1 to September 30, 1987. Its return on assets was -6.16% a year; about 1% is typical.
When did Colonial Bank fail?
Jan 14, 1988. Pontchartrain State Bank of Metairie, LA took over its deposits. The estimated cost of the failure was $3.39 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.