Mt. Zion State Bank
Mount Zion, IL · Owner: Mt Zion Bcorp Inc
$26.4M
total assets, September 30, 1988
$26.4M
total assets, September 30, 1988
Mt. Zion State Bank was a state nonmember bank in Mount Zion, IL, owned by Mt Zion Bcorp Inc. It failed on Nov 4, 1988, and Mount Zion State B&T Co took over its deposits. At its last report it held $26.4 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1988
This bank failed
- Failed on
- Nov 4, 1988
- Assets
- $26.4M
- Deposits
- $25.7M
- Estimated cost
- $0
- Deposits went to
- Mount Zion State B&T Co, Mount Zion, IL
Total assets
$26.4M
-20.7% in a year · -8.4% in a quarter
Deposits
$25.7M
-16.4% in a year · -7.2% in a quarter
Loans
$14.8M
-23.4% in a year · -10.0% in a quarter
Profit so far
-$1.3M
Jan 1 to Sep 30, 1988
Capital ratio
0.03%
-5.19 pts in a year
Return on assets
-6.02%
-5.04 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 340 Main Street, Mount Zion, IL, 62549
- County
- Macon
- Holding company
- Mt Zion Bcorp Inc
- Established
- Jul 1, 1908
- Failed
- Nov 4, 1988
- Employees
- 24
- Id
- b10836
Quarter by quarter
March 31, 1984 to September 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 Mt. Zion State Bank?
$26.4 million in total assets and $25.7 million in deposits as of September 30, 1988, with assets down 20.7% from a year before. Its loans were $14.8 million.
Is Mt. Zion State Bank profitable?
No: it lost $1.33 million from January 1 to September 30, 1988. Its return on assets was -6.02% a year; about 1% is typical.
Who owns Mt. Zion State Bank?
Mt. Zion State Bank is owned by Mt Zion Bcorp Inc, its holding company.
When did Mt. Zion State Bank fail?
Nov 4, 1988. Mount Zion State B&T Co of Mount Zion, IL took over its deposits.
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.