Farmers State Bank
Maddock, ND · Owner: Maddock Bank Holding Co
$11.9M
total assets, March 31, 1987
$11.9M
total assets, March 31, 1987
Farmers State Bank was a state nonmember bank in Maddock, ND, owned by Maddock Bank Holding Co. It failed on May 8, 1987, and Ramsey NB&T Co Devils La took over its deposits. At its last report it held $11.9 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1987
This bank failed
- Failed on
- May 8, 1987
- Assets
- $11.9M
- Deposits
- $11.7M
- Estimated cost
- $1.1M
- Deposits went to
- Ramsey NB&T Co Devils La, Devils Lake, ND
Total assets
$11.9M
-30.3% in a year · -10.1% in a quarter
Deposits
$11.7M
-25.6% in a year · -9.8% in a quarter
Loans
$4.9M
-41.4% in a year · -20.0% in a quarter
Profit so far
$41K
Jan 1 to Mar 31, 1987
Capital ratio
0.74%
-5.64 pts in a year
Return on assets
1.31%
+1.71 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Main Street, Maddock, ND, 58348
- County
- Benson
- Holding company
- Maddock Bank Holding Co
- Established
- Jun 29, 1901
- Failed
- May 8, 1987
- Employees
- 8
- Id
- b9426
Quarter by quarter
March 31, 1984 to March 31, 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?
$11.9 million in total assets and $11.7 million in deposits as of March 31, 1987, with assets down 30.3% from a year before. Its loans were $4.94 million.
Is Farmers State Bank profitable?
Yes: it earned $41,000 from January 1 to March 31, 1987. Its return on assets was 1.31% a year; about 1% is typical.
Who owns Farmers State Bank?
Farmers State Bank is owned by Maddock Bank Holding Co, its holding company.
When did Farmers State Bank fail?
May 8, 1987. Ramsey NB&T Co Devils La of Devils Lake, ND took over its deposits. The estimated cost of the failure was $1.12 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.