$6.4M
total assets, December 31, 1988
Interstate Bank of Commerce was a state member bank in Miami, FL. It failed on Mar 31, 1989, and its insured deposits were paid out. At its last report it held $6.41 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1988
This bank failed
- Failed on
- Mar 31, 1989
- Assets
- $6.4M
- Deposits
- $7.0M
- Estimated cost
- $1.9M
- Deposits went to
- payout
Total assets
$6.4M
-45.8% in a year · -23.6% in a quarter
Deposits
$7.0M
-40.1% in a year · -13.7% in a quarter
Loans
$5.3M
-48.3% in a year · -19.0% in a quarter
Profit so far
-$1.2M
Jan 1 to Dec 31, 1988
Capital ratio
-8.47%
-8.58 pts in a year
Return on assets
-12.88%
-1.53 pts in a year
Facts
- Type
- State member bank
- Head office
- 10613 Northwest 12th Street, Miami, FL, 33172
- County
- Miami-Dade
- Established
- Jul 1, 1986
- Failed
- Mar 31, 1989
- Employees
- 8
- Id
- b26807
Quarter by quarter
September 30, 1986 to December 31, 1988
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 10
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Interstate Bank of Commerce?
$6.41 million in total assets and $6.97 million in deposits as of December 31, 1988, with assets down 45.8% from a year before. Its loans were $5.26 million.
Is Interstate Bank of Commerce profitable?
No: it lost $1.20 million from January 1 to December 31, 1988. Its return on assets was -12.88% a year; about 1% is typical.
When did Interstate Bank of Commerce fail?
Mar 31, 1989. The estimated cost of the failure was $1.92 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.