$12.4M
total assets, December 31, 1989
Independent National Bank was a national bank in Phoenix, AZ. It failed on Mar 15, 1990, and Citibank(arizona) took over its deposits. At its last report it held $12.4 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1989
This bank failed
- Failed on
- Mar 15, 1990
- Assets
- $12.4M
- Deposits
- $13.5M
- Estimated cost
- $3.2M
- Deposits went to
- Citibank(arizona), Phoenix, AZ
Total assets
$12.4M
-25.9% in a year · -15.1% in a quarter
Deposits
$13.5M
-14.6% in a year · -4.7% in a quarter
Loans
$10.0M
-21.7% in a year · -1.3% in a quarter
Profit so far
-$1.7M
Jan 1 to Dec 31, 1989
Capital ratio
-9.35%
-11.53 pts in a year
Return on assets
-11.04%
-6.36 pts in a year
Facts
- Type
- National bank
- Head office
- 3707 North Seventh Street, Phoenix, AZ, 85011
- County
- Maricopa
- Established
- Sep 7, 1984
- Failed
- Mar 15, 1990
- Employees
- 9
- Id
- b25649
Quarter by quarter
September 30, 1984 to December 31, 1989
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 Independent National Bank?
$12.4 million in total assets and $13.5 million in deposits as of December 31, 1989, with assets down 25.9% from a year before. Its loans were $10.0 million.
Is Independent National Bank profitable?
No: it lost $1.67 million from January 1 to December 31, 1989. Its return on assets was -11.04% a year; about 1% is typical.
When did Independent National Bank fail?
Mar 15, 1990. Citibank(arizona) of Phoenix, AZ took over its deposits. The estimated cost of the failure was $3.24 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.