Mingo Trust and Savings Bank
Mingo, IA · Owner: Mingo Insurance Agency Inc
$12.1M
total assets, June 30, 1988
$12.1M
total assets, June 30, 1988
Mingo Trust and Savings Bank was a state nonmember bank in Mingo, IA, owned by Mingo Insurance Agency Inc. It failed on Sep 1, 1988, and Exchange State Bank took over its deposits. At its last report it held $12.1 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1988
This bank failed
- Failed on
- Sep 1, 1988
- Assets
- $12.1M
- Deposits
- $11.4M
- Estimated cost
- $775K
- Deposits went to
- Exchange State Bank, Collins, IA
Total assets
$12.1M
-8.1% in a year · -4.0% in a quarter
Deposits
$11.4M
+4.5% in a year · -6.1% in a quarter
Loans
$6.7M
-9.9% in a year · +2.2% in a quarter
Profit so far
-$116K
Jan 1 to Jun 30, 1988
Capital ratio
2.37%
-2.18 pts in a year
Return on assets
-1.89%
-1.59 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 100 North Station, Mingo, IA, 50168
- County
- Jasper
- Holding company
- Mingo Insurance Agency Inc
- Established
- Jan 6, 1904
- Failed
- Sep 2, 1988
- Employees
- 7
- Id
- b5798
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 Mingo Trust and Savings Bank?
$12.1 million in total assets and $11.4 million in deposits as of June 30, 1988, with assets down 8.1% from a year before. Its loans were $6.71 million.
Is Mingo Trust and Savings Bank profitable?
No: it lost $116,000 from January 1 to June 30, 1988. Its return on assets was -1.89% a year; about 1% is typical.
Who owns Mingo Trust and Savings Bank?
Mingo Trust and Savings Bank is owned by Mingo Insurance Agency Inc, its holding company.
When did Mingo Trust and Savings Bank fail?
Sep 1, 1988. Exchange State Bank of Collins, IA took over its deposits. The estimated cost of the failure was $775,307.
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.