$12.8M
total assets, March 31, 1985
First State Bank was a state nonmember bank in Jet, OK. It failed on Oct 18, 1985, and Cleo State Bank took over its deposits. At its last report it held $12.3 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1985
This bank failed
- Failed on
- Oct 18, 1985
- Assets
- $12.3M
- Deposits
- $11.5M
- Estimated cost
- $5.6M
- Deposits went to
- Cleo State Bank, Cleo Springs, OK
Total assets
$12.8M
-8.5% in a year · -0.9% in a quarter
Deposits
$11.9M
-3.8% in a year · -1.3% in a quarter
Loans
$9.3M
+2.0% in a year · +9.6% in a quarter
Profit so far
$41K
Jan 1 to Mar 31, 1985 · +173.3% in a year
Capital ratio
6.24%
-4.05 pts in a year
Return on assets
1.28%
+0.83 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Fifth And Highway 64, Jet, OK, 73749
- County
- Alfalfa
- Established
- Apr 11, 1902
- Failed
- Oct 18, 1985
- Employees
- 9
- Id
- b14670
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 First State Bank?
$12.8 million in total assets and $11.9 million in deposits as of March 31, 1985, with assets down 8.5% from a year before. Its loans were $9.32 million.
Is First State Bank profitable?
Yes: it earned $41,000 from January 1 to March 31, 1985 (up 173.3% from the same months a year before). Its return on assets was 1.28% a year; about 1% is typical.
When did First State Bank fail?
Oct 18, 1985. Cleo State Bank of Cleo Springs, OK took over its deposits. The estimated cost of the failure was $5.62 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.