Farmers State Bank of Kanaranzi
Kanaranzi, MN
$4.0M
total assets, March 31, 1985
$4.0M
total assets, March 31, 1985
Farmers State Bank of Kanaranzi was a state nonmember bank in Kanaranzi, MN. It failed on Oct 18, 1985, and Citizens STB Of Silver L took over its deposits. At its last report it held $3.91 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1985
This bank failed
- Failed on
- Oct 18, 1985
- Assets
- $3.9M
- Deposits
- $3.8M
- Estimated cost
- $997K
- Deposits went to
- Citizens STB Of Silver L, Silver Lake, MN
Total assets
$4.0M
-17.4% in a year · -12.2% in a quarter
Deposits
$3.8M
-10.4% in a year · -12.0% in a quarter
Loans
$2.0M
-35.6% in a year · -17.9% in a quarter
Profit so far
-$42K
Jan 1 to Mar 31, 1985
Capital ratio
3.06%
-6.68 pts in a year
Return on assets
-3.89%
-2.24 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Main Street, Kanaranzi, MN, 56146
- County
- Rock
- Established
- Dec 1, 1915
- Failed
- Oct 18, 1985
- Employees
- 4
- Id
- b12189
Quarter by quarter
March 31, 1984 to March 31, 1985
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 5
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Farmers State Bank of Kanaranzi?
$4.04 million in total assets and $3.84 million in deposits as of March 31, 1985, with assets down 17.4% from a year before. Its loans were $1.96 million.
Is Farmers State Bank of Kanaranzi profitable?
No: it lost $42,000 from January 1 to March 31, 1985. Its return on assets was -3.89% a year; about 1% is typical.
When did Farmers State Bank of Kanaranzi fail?
Oct 18, 1985. Citizens STB Of Silver L of Silver Lake, MN took over its deposits. The estimated cost of the failure was $997,195.
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.