Farmers and Merchants State Bank of Lamberton
Lamberton, MN
$17.1M
total assets, December 31, 1985
$17.1M
total assets, December 31, 1985
Farmers and Merchants State Bank of Lamberton was a state nonmember bank in Lamberton, MN. It failed on Mar 14, 1986, and American Bank Mankato took over its deposits. At its last report it held $17.1 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1985
This bank failed
- Failed on
- Mar 14, 1986
- Assets
- $17.1M
- Deposits
- $16.2M
- Estimated cost
- $3.6M
- Deposits went to
- American Bank Mankato, Mankato, MN
Total assets
$17.1M
-22.4% in a year · -4.7% in a quarter
Deposits
$16.2M
-16.7% in a year · -5.2% in a quarter
Loans
$10.7M
-27.7% in a year · -13.9% in a quarter
Profit so far
-$1.2M
Jan 1 to Dec 31, 1985 · -951.4% in a year
Capital ratio
3.73%
-5.08 pts in a year
Return on assets
-6.24%
-6.91 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 120 South Main Street, Lamberton, MN, 56152
- County
- Redwood
- Established
- Feb 1, 1926
- Failed
- Mar 14, 1986
- Employees
- 11
- Id
- b1405
Quarter by quarter
March 31, 1984 to December 31, 1985
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 8
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Farmers and Merchants State Bank of Lamberton?
$17.1 million in total assets and $16.2 million in deposits as of December 31, 1985, with assets down 22.4% from a year before. Its loans were $10.7 million.
Is Farmers and Merchants State Bank of Lamberton profitable?
No: it lost $1.24 million from January 1 to December 31, 1985. Its return on assets was -6.24% a year; about 1% is typical.
When did Farmers and Merchants State Bank of Lamberton fail?
Mar 14, 1986. American Bank Mankato of Mankato, MN took over its deposits. The estimated cost of the failure was $3.61 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.