$23.2M
total assets, December 31, 1986
First Sierra Bank was a state nonmember bank in Bishop, CA. It failed on Jan 23, 1987, and Security Pacific NB took over its deposits. At its last report it held $23.2 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1986
This bank failed
- Failed on
- Jan 23, 1987
- Assets
- $23.2M
- Deposits
- $23.0M
- Estimated cost
- $4.1M
- Deposits went to
- Security Pacific NB, Los Angeles, CA
Total assets
$23.2M
+6.9% in a year · -0.4% in a quarter
Deposits
$23.0M
+9.8% in a year · +1.2% in a quarter
Loans
$15.4M
-2.1% in a year · -3.0% in a quarter
Profit so far
-$451K
Jan 1 to Dec 31, 1986
Capital ratio
0.45%
-2.36 pts in a year
Return on assets
-1.96%
+3.16 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 106 South Main Street, Bishop, CA, 93514
- County
- Inyo
- Established
- Nov 26, 1980
- Failed
- Jan 23, 1987
- Employees
- 22
- Id
- b23282
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 Sierra Bank?
$23.2 million in total assets and $23.0 million in deposits as of December 31, 1986, with assets up 6.9% from a year before. Its loans were $15.4 million.
Is First Sierra Bank profitable?
No: it lost $451,000 from January 1 to December 31, 1986. Its return on assets was -1.96% a year; about 1% is typical.
When did First Sierra Bank fail?
Jan 23, 1987. Security Pacific NB of Los Angeles, CA took over its deposits. The estimated cost of the failure was $4.08 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.