Forest City Bank & Trust Company
Forest City, IA · Owner: Forest City LTD
$26.6M
total assets, March 31, 1988
$26.6M
total assets, March 31, 1988
Forest City Bank & Trust Company was a state member bank in Forest City, IA, owned by Forest City LTD. It failed on May 6, 1988, and Liberty BANK&TRUST took over its deposits. At its last report it held $26.6 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1988
This bank failed
- Failed on
- May 6, 1988
- Assets
- $26.6M
- Deposits
- $26.5M
- Estimated cost
- $733K
- Deposits went to
- Liberty BANK&TRUST, Forest City, IA
Total assets
$26.6M
-1.8% in a year · +4.5% in a quarter
Deposits
$26.5M
+1.4% in a year · +5.6% in a quarter
Loans
$9.6M
-14.2% in a year · -10.6% in a quarter
Profit so far
-$279K
Jan 1 to Mar 31, 1988
Capital ratio
-0.58%
-3.35 pts in a year
Return on assets
-4.29%
-1.79 pts in a year
Facts
- Type
- State member bank
- Head office
- Main Street, Forest City, IA, 50436
- County
- Winnebago
- Holding company
- Forest City LTD
- Established
- Jul 1, 1895
- Failed
- May 6, 1988
- Employees
- 18
- Id
- b15745
Quarter by quarter
March 31, 1984 to March 31, 1988
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 Forest City Bank & Trust Company?
$26.6 million in total assets and $26.5 million in deposits as of March 31, 1988, with assets down 1.8% from a year before. Its loans were $9.62 million.
Is Forest City Bank & Trust Company profitable?
No: it lost $279,000 from January 1 to March 31, 1988. Its return on assets was -4.29% a year; about 1% is typical.
Who owns Forest City Bank & Trust Company?
Forest City Bank & Trust Company is owned by Forest City LTD, its holding company.
When did Forest City Bank & Trust Company fail?
May 6, 1988. Liberty BANK&TRUST of Forest City, IA took over its deposits. The estimated cost of the failure was $733,032.
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.