Ericson State Bank
Ericson, NE · Owner: Wheeler County Bancshares Inc
$101M
total assets, December 31, 2019
$101M
total assets, December 31, 2019
Ericson State Bank was a state nonmember bank in Ericson, NE, owned by Wheeler County Bancshares Inc. It failed on Feb 14, 2020, and Farmers And Merchants Bank took over its deposits. At its last report it held $100.9 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2019
This bank failed
- Failed on
- Feb 14, 2020
- Assets
- $101M
- Deposits
- $95.2M
- Estimated cost
- $23.3M
- Deposits went to
- Farmers And Merchants Bank, Milford, NE
Total assets
$101M
-0.4% in a year · -10.7% in a quarter
Deposits
$95.2M
+7.7% in a year · -8.1% in a quarter
Loans
$89.3M
-1.5% in a year · -6.7% in a quarter
Profit so far
-$3.5M
Jan 1 to Dec 31, 2019 · -1541.5% in a year
Capital ratio
3.38%
-4.53 pts in a year
Return on assets
-3.36%
-3.62 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 427 Central Avenue, Ericson, NE, 68637
- County
- Wheeler
- Holding company
- Wheeler County Bancshares Inc
- Established
- Oct 20, 1959
- Failed
- Feb 14, 2020
- Employees
- 5
- Branches
- 1
- Id
- b18265
Quarter by quarter
March 31, 1984 to December 31, 2019
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 Ericson State Bank?
$100.9 million in total assets and $95.2 million in deposits as of December 31, 2019, with assets down 0.4% from a year before. Its loans were $89.3 million.
How many branches does Ericson State Bank have?
1 branch in Nebraska as of June 30, 2026.
Is Ericson State Bank profitable?
No: it lost $3.55 million from January 1 to December 31, 2019. Its return on assets was -3.36% a year; about 1% is typical.
Who owns Ericson State Bank?
Ericson State Bank is owned by Wheeler County Bancshares Inc, its holding company.
When did Ericson State Bank fail?
Feb 14, 2020. Farmers And Merchants Bank of Milford, NE took over its deposits. The estimated cost of the failure was $23.3 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.