Industrial National Bank of East Chicago
East Chicago, IN
$8.4M
total assets, December 31, 1985
$8.4M
total assets, December 31, 1985
Industrial National Bank of East Chicago was a national bank in East Chicago, IN. It failed on Apr 3, 1986, and Mercantile NB Of Indiana took over its deposits. At its last report it held $8.39 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1985
This bank failed
- Failed on
- Apr 3, 1986
- Assets
- $8.4M
- Deposits
- $8.1M
- Estimated cost
- $1.2M
- Deposits went to
- Mercantile NB Of Indiana, Hammond, IN
Total assets
$8.4M
-11.9% in a year · -28.5% in a quarter
Deposits
$8.1M
-8.4% in a year · -28.7% in a quarter
Loans
$5.0M
-13.9% in a year · -5.4% in a quarter
Profit so far
-$447K
Jan 1 to Dec 31, 1985 · -1454.5% in a year
Capital ratio
-0.60%
-4.44 pts in a year
Return on assets
-4.73%
-5.13 pts in a year
Facts
- Type
- National bank
- Head office
- 2409 East 141st Street, East Chicago, IN, 46312
- County
- Lake
- Established
- Dec 18, 1978
- Failed
- Apr 3, 1986
- Employees
- 12
- Id
- b22774
Quarter by quarter
March 31, 1984 to December 31, 1985
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 8
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Industrial National Bank of East Chicago?
$8.39 million in total assets and $8.15 million in deposits as of December 31, 1985, with assets down 11.9% from a year before. Its loans were $5.04 million.
Is Industrial National Bank of East Chicago profitable?
No: it lost $447,000 from January 1 to December 31, 1985. Its return on assets was -4.73% a year; about 1% is typical.
When did Industrial National Bank of East Chicago fail?
Apr 3, 1986. Mercantile NB Of Indiana of Hammond, IN took over its deposits. The estimated cost of the failure was $1.18 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.