First National Bank in West Concord
West Concord, MN · Owner: First West Concord Bcorp Inc
$9.1M
total assets, December 31, 1986
$9.1M
total assets, December 31, 1986
First National Bank in West Concord was a national bank in West Concord, MN, owned by First West Concord Bcorp Inc. It failed on Mar 5, 1987, and Farmers STB Of West Conc took over its deposits. At its last report it held $9.07 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1986
This bank failed
- Failed on
- Mar 5, 1987
- Assets
- $9.1M
- Deposits
- $8.7M
- Estimated cost
- $1.4M
- Deposits went to
- Farmers STB Of West Conc, West Concord, MN
Total assets
$9.1M
-6.8% in a year · -4.9% in a quarter
Deposits
$8.7M
-2.1% in a year · -4.7% in a quarter
Loans
$6.5M
-8.7% in a year · -4.5% in a quarter
Profit so far
-$407K
Jan 1 to Dec 31, 1986
Capital ratio
2.69%
-4.34 pts in a year
Return on assets
-4.28%
-4.24 pts in a year
Facts
- Type
- National bank
- Head office
- Main Street, West Concord, MN, 55985
- County
- Dodge
- Holding company
- First West Concord Bcorp Inc
- Established
- Jan 1, 1934
- Failed
- Mar 5, 1987
- Employees
- 7
- Id
- b14426
Quarter by quarter
March 31, 1984 to December 31, 1986
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 First National Bank in West Concord?
$9.07 million in total assets and $8.74 million in deposits as of December 31, 1986, with assets down 6.8% from a year before. Its loans were $6.54 million.
Is First National Bank in West Concord profitable?
No: it lost $407,000 from January 1 to December 31, 1986. Its return on assets was -4.28% a year; about 1% is typical.
Who owns First National Bank in West Concord?
First National Bank in West Concord is owned by First West Concord Bcorp Inc, its holding company.
When did First National Bank in West Concord fail?
Mar 5, 1987. Farmers STB Of West Conc of West Concord, MN took over its deposits. The estimated cost of the failure was $1.38 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.