First Industrial Bank of Rocky Ford
Rocky Ford, CO
$12.5M
total assets, September 30, 1988
$12.5M
total assets, September 30, 1988
First Industrial Bank of Rocky Ford was a state nonmember bank in Rocky Ford, CO. It failed on Dec 16, 1988, and First NB Of Ordway took over its deposits. At its last report it held $12.5 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1988
This bank failed
- Failed on
- Dec 16, 1988
- Assets
- $12.5M
- Deposits
- $11.4M
- Estimated cost
- $6.7M
- Deposits went to
- First NB Of Ordway, Ordway, CO
Total assets
$12.5M
vs a year before: - · -0.5% in a quarter
Deposits
$11.4M
vs a year before: - · +0.9% in a quarter
Loans
$9.6M
vs a year before: - · +0.1% in a quarter
Profit so far
-$111K
Jan 1 to Sep 30, 1988
Capital ratio
7.34%
Return on assets
-1.21%
Yearly rate
Facts
- Type
- State nonmember bank
- Head office
- 300 North Main Street, Rocky Ford, CO, 81067
- County
- Otero
- Established
- Jan 2, 1965
- Failed
- Dec 16, 1988
- Employees
- 10
- Id
- b90047
Quarter by quarter
December 31, 1987 to September 30, 1988
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 4
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First Industrial Bank of Rocky Ford?
$12.5 million in total assets and $11.4 million in deposits as of September 30, 1988. Its loans were $9.56 million.
Is First Industrial Bank of Rocky Ford profitable?
No: it lost $111,000 from January 1 to September 30, 1988. Its return on assets was -1.21% a year; about 1% is typical.
When did First Industrial Bank of Rocky Ford fail?
Dec 16, 1988. First NB Of Ordway of Ordway, CO took over its deposits. The estimated cost of the failure was $6.70 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.