Independent National Bank
Covina, CA · Owner: Inb Bcorp
$28.3M
total assets, September 30, 1986
$28.3M
total assets, September 30, 1986
Independent National Bank was a national bank in Covina, CA, owned by Inb Bcorp. It failed on Oct 9, 1986, and Chino Valley Bank took over its deposits. At its last report it held $28.3 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1986
This bank failed
- Failed on
- Oct 9, 1986
- Assets
- $28.3M
- Deposits
- $27.7M
- Estimated cost
- $1.4M
- Deposits went to
- Chino Valley Bank, Chino, CA
Total assets
$28.3M
-21.0% in a year · -12.4% in a quarter
Deposits
$27.7M
-16.1% in a year · -12.2% in a quarter
Loans
$20.3M
+4.5% in a year · -8.8% in a quarter
Profit so far
-$802K
Jan 1 to Sep 30, 1986 · -641.9% in a year
Capital ratio
1.12%
-5.97 pts in a year
Return on assets
-3.33%
-4.01 pts in a year
Facts
- Type
- National bank
- Head office
- 973 East Badillo Street, Covina, CA, 91723
- County
- Los Angeles
- Holding company
- Inb Bcorp
- Established
- Sep 30, 1983
- Failed
- Oct 9, 1986
- Employees
- 28
- Id
- b24727
Quarter by quarter
March 31, 1984 to September 30, 1986
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 11
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Independent National Bank?
$28.3 million in total assets and $27.7 million in deposits as of September 30, 1986, with assets down 21.0% from a year before. Its loans were $20.3 million.
Is Independent National Bank profitable?
No: it lost $802,000 from January 1 to September 30, 1986. Its return on assets was -3.33% a year; about 1% is typical.
Who owns Independent National Bank?
Independent National Bank is owned by Inb Bcorp, its holding company.
When did Independent National Bank fail?
Oct 9, 1986. Chino Valley Bank of Chino, CA took over its deposits. The estimated cost of the failure was $1.40 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.