Latimer Bank & Trust
Latimer, IA · Owner: K-4 Bcorp
$23.2M
total assets, December 31, 1986
$23.2M
total assets, December 31, 1986
Latimer Bank & Trust was a state nonmember bank in Latimer, IA, owned by K-4 Bcorp. It failed on Jan 15, 1987, and First NB Of Clarion took over its deposits. At its last report it held $23.2 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1986
This bank failed
- Failed on
- Jan 15, 1987
- Assets
- $23.2M
- Deposits
- $22.0M
- Estimated cost
- $3.2M
- Deposits went to
- First NB Of Clarion, Clarion, IA
Total assets
$23.2M
+2.5% in a year · +0.9% in a quarter
Deposits
$22.0M
+6.7% in a year · +1.4% in a quarter
Loans
$11.4M
-20.3% in a year · -14.1% in a quarter
Profit so far
-$462K
Jan 1 to Dec 31, 1986
Capital ratio
4.59%
-2.43 pts in a year
Return on assets
-2.02%
-1.61 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Main Street, Latimer, IA, 50452
- County
- Franklin
- Holding company
- K-4 Bcorp
- Established
- Jul 1, 1955
- Failed
- Jan 15, 1987
- Employees
- 16
- Id
- b17475
Quarter by quarter
March 31, 1984 to December 31, 1986
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 Latimer Bank & Trust?
$23.2 million in total assets and $22.0 million in deposits as of December 31, 1986, with assets up 2.5% from a year before. Its loans were $11.4 million.
Is Latimer Bank & Trust profitable?
No: it lost $462,000 from January 1 to December 31, 1986. Its return on assets was -2.02% a year; about 1% is typical.
Who owns Latimer Bank & Trust?
Latimer Bank & Trust is owned by K-4 Bcorp, its holding company.
When did Latimer Bank & Trust fail?
Jan 15, 1987. First NB Of Clarion of Clarion, IA took over its deposits. The estimated cost of the failure was $3.23 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.