Farmers State Bank
Kanawha, IA · Owner: Kanawha Investment Co
$15.9M
total assets, June 30, 1987
$15.9M
total assets, June 30, 1987
Farmers State Bank was a state nonmember bank in Kanawha, IA, owned by Kanawha Investment Co. It failed on Jul 30, 1987, and First NB Of Clarion took over its deposits. At its last report it held $15.9 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1987
This bank failed
- Failed on
- Jul 30, 1987
- Assets
- $15.9M
- Deposits
- $15.3M
- Estimated cost
- $2.4M
- Deposits went to
- First NB Of Clarion, Clarion, IA
Total assets
$15.9M
-15.0% in a year · -6.2% in a quarter
Deposits
$15.3M
-12.7% in a year · -4.7% in a quarter
Loans
$9.3M
-6.5% in a year · +2.8% in a quarter
Profit so far
-$731K
Jan 1 to Jun 30, 1987
Capital ratio
0.45%
-3.56 pts in a year
Return on assets
-8.66%
-4.71 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Main Street, Kanawha, IA, 50447
- County
- Hancock
- Holding company
- Kanawha Investment Co
- Established
- Jan 1, 1800
- Failed
- Jul 30, 1987
- Employees
- 9
- Id
- b13152
Quarter by quarter
March 31, 1984 to June 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 Farmers State Bank?
$15.9 million in total assets and $15.3 million in deposits as of June 30, 1987, with assets down 15.0% from a year before. Its loans were $9.29 million.
Is Farmers State Bank profitable?
No: it lost $731,000 from January 1 to June 30, 1987. Its return on assets was -8.66% a year; about 1% is typical.
Who owns Farmers State Bank?
Farmers State Bank is owned by Kanawha Investment Co, its holding company.
When did Farmers State Bank fail?
Jul 30, 1987. First NB Of Clarion of Clarion, IA took over its deposits. The estimated cost of the failure was $2.39 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.