Farmers State Bank
Lyons, SD · Owner: Newport Corp
$3.2M
total assets, March 31, 1984
$3.2M
total assets, March 31, 1984
Farmers State Bank was a state nonmember bank in Lyons, SD, owned by Newport Corp. It failed on Jun 15, 1984, and Dakota State Bank took over its deposits. At its last report it held $3.23 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1984
This bank failed
- Failed on
- Jun 15, 1984
- Assets
- $3.2M
- Deposits
- $3.0M
- Estimated cost
- $855K
- Deposits went to
- Dakota State Bank, Colman, SD
Total assets
$3.2M
vs a year before: -
Deposits
$3.0M
vs a year before: -
Loans
$1.8M
vs a year before: -
Profit so far
-$23K
Jan 1 to Mar 31, 1984
Capital ratio
3.94%
Return on assets
-2.73%
Yearly rate
Facts
- Type
- State nonmember bank
- Head office
- Main Street, Lyons, SD, 57041
- County
- Minnehaha
- Holding company
- Newport Corp
- Established
- Dec 16, 1906
- Failed
- Jun 15, 1984
- Employees
- 6
- Id
- b9009
Related pages
Questions and answers
How big is Farmers State Bank?
$3.23 million in total assets and $2.98 million in deposits as of March 31, 1984. Its loans were $1.76 million.
Is Farmers State Bank profitable?
No: it lost $23,000 from January 1 to March 31, 1984. Its return on assets was -2.73% a year; about 1% is typical.
Who owns Farmers State Bank?
Farmers State Bank is owned by Newport Corp, its holding company.
When did Farmers State Bank fail?
Jun 15, 1984. Dakota State Bank of Colman, SD took over its deposits. The estimated cost of the failure was $854,695.
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.