Hayesville Savings Bank
Hayesville, IA · Owner: Hayesville Bancshares Inc
$38.0M
total assets, December 31, 1987
$38.0M
total assets, December 31, 1987
Hayesville Savings Bank was a state nonmember bank in Hayesville, IA, owned by Hayesville Bancshares Inc. It failed on Mar 10, 1988, and Farmers Savings Bank took over its deposits. At its last report it held $38.0 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1987
This bank failed
- Failed on
- Mar 10, 1988
- Assets
- $38.0M
- Deposits
- $37.5M
- Estimated cost
- $2.0M
- Deposits went to
- Farmers Savings Bank, Fremont, IA
Total assets
$38.0M
-9.7% in a year · +0.2% in a quarter
Deposits
$37.5M
-8.1% in a year · +0.2% in a quarter
Loans
$19.1M
-6.9% in a year · -8.0% in a quarter
Profit so far
-$596K
Jan 1 to Dec 31, 1987
Capital ratio
0.03%
-1.43 pts in a year
Return on assets
-1.51%
+1.22 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Main Street, Hayesville, IA, 52562
- County
- Keokuk
- Holding company
- Hayesville Bancshares Inc
- Established
- Jan 1, 1912
- Failed
- Mar 10, 1988
- Employees
- 22
- Id
- b8100
Quarter by quarter
March 31, 1984 to December 31, 1987
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 Hayesville Savings Bank?
$38.0 million in total assets and $37.5 million in deposits as of December 31, 1987, with assets down 9.7% from a year before. Its loans were $19.1 million.
Is Hayesville Savings Bank profitable?
No: it lost $596,000 from January 1 to December 31, 1987. Its return on assets was -1.51% a year; about 1% is typical.
Who owns Hayesville Savings Bank?
Hayesville Savings Bank is owned by Hayesville Bancshares Inc, its holding company.
When did Hayesville Savings Bank fail?
Mar 10, 1988. Farmers Savings Bank of Fremont, IA took over its deposits. The estimated cost of the failure was $1.99 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.