Marshall County Bank
Britton, SD · Owner: Veblen Insurance Co Inc
$10.7M
total assets, June 30, 1988
$10.7M
total assets, June 30, 1988
Marshall County Bank was a state nonmember bank in Britton, SD, owned by Veblen Insurance Co Inc. It failed on Aug 19, 1988, and First National Bank took over its deposits. At its last report it held $10.7 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1988
This bank failed
- Failed on
- Aug 19, 1988
- Assets
- $10.7M
- Deposits
- $9.4M
- Estimated cost
- $229K
- Deposits went to
- First National Bank, Beresford, SD
Total assets
$10.7M
+14.7% in a year · +5.6% in a quarter
Deposits
$9.4M
+9.2% in a year · +0.5% in a quarter
Loans
$6.6M
+26.8% in a year · +12.7% in a quarter
Profit so far
-$8K
Jan 1 to Jun 30, 1988 · -134.8% in a year
Capital ratio
6.73%
-0.18 pts in a year
Return on assets
-0.15%
-0.66 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 526-Eighth Street, Britton, SD, 57430
- County
- Marshall
- Holding company
- Veblen Insurance Co Inc
- Established
- Aug 1, 1927
- Failed
- Aug 19, 1988
- Employees
- 11
- Id
- b497
Quarter by quarter
March 31, 1984 to June 30, 1988
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 Marshall County Bank?
$10.7 million in total assets and $9.41 million in deposits as of June 30, 1988, with assets up 14.7% from a year before. Its loans were $6.57 million.
Is Marshall County Bank profitable?
No: it lost $8,000 from January 1 to June 30, 1988. Its return on assets was -0.15% a year; about 1% is typical.
Who owns Marshall County Bank?
Marshall County Bank is owned by Veblen Insurance Co Inc, its holding company.
When did Marshall County Bank fail?
Aug 19, 1988. First National Bank of Beresford, SD took over its deposits. The estimated cost of the failure was $229,170.
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.