Mendon State Bank
Mendon, IL · Owner: E & D Bancshares Inc
$18.9M
total assets, June 30, 1986
$18.9M
total assets, June 30, 1986
Mendon State Bank was a state nonmember bank in Mendon, IL, owned by E & D Bancshares Inc. It failed on Aug 20, 1986, and First Midwest Bank Quinc took over its deposits. At its last report it held $18.9 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1986
This bank failed
- Failed on
- Aug 20, 1986
- Assets
- $18.9M
- Deposits
- $17.6M
- Estimated cost
- $8.0M
- Deposits went to
- First Midwest Bank Quinc, Quincy, IL
Total assets
$18.9M
-2.3% in a year · +4.4% in a quarter
Deposits
$17.6M
-1.6% in a year · +4.2% in a quarter
Loans
$13.3M
+4.8% in a year · +7.1% in a quarter
Profit so far
-$429K
Jan 1 to Jun 30, 1986
Capital ratio
5.97%
-0.58 pts in a year
Return on assets
-4.62%
-4.57 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Main Street, Mendon, IL, 62351
- County
- Adams
- Holding company
- E & D Bancshares Inc
- Established
- Jan 1, 1914
- Failed
- Aug 20, 1986
- Employees
- 13
- Id
- b13714
Quarter by quarter
March 31, 1984 to June 30, 1986
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 Mendon State Bank?
$18.9 million in total assets and $17.6 million in deposits as of June 30, 1986, with assets down 2.3% from a year before. Its loans were $13.3 million.
Is Mendon State Bank profitable?
No: it lost $429,000 from January 1 to June 30, 1986. Its return on assets was -4.62% a year; about 1% is typical.
Who owns Mendon State Bank?
Mendon State Bank is owned by E & D Bancshares Inc, its holding company.
When did Mendon State Bank fail?
Aug 20, 1986. First Midwest Bank Quinc of Quincy, IL took over its deposits. The estimated cost of the failure was $8.02 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.