People's State Bank of Mazeppa
Mazeppa, MN
$21.6M
total assets, June 30, 1987
$21.6M
total assets, June 30, 1987
People's State Bank of Mazeppa was a state nonmember bank in Mazeppa, MN. It failed on Aug 21, 1987, and First State Bank Of Red took over its deposits. At its last report it held $21.6 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1987
This bank failed
- Failed on
- Aug 21, 1987
- Assets
- $21.6M
- Deposits
- $20.2M
- Estimated cost
- $4.9M
- Deposits went to
- First State Bank Of Red, Red Wing, MN
Total assets
$21.6M
+72.3% in a year · +81.5% in a quarter
Deposits
$20.2M
+67.7% in a year · +74.6% in a quarter
Loans
$11.8M
+67.3% in a year · +133.8% in a quarter
Profit so far
-$128K
Jan 1 to Jun 30, 1987
Capital ratio
9.95%
+6.99 pts in a year
Return on assets
-1.69%
+1.68 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- First Street And State Highway 60, Mazeppa, MN, 55956
- County
- Wabasha
- Established
- Jan 1, 1909
- Failed
- Aug 21, 1987
- Employees
- 9
- Id
- b9753
Quarter by quarter
March 31, 1984 to June 30, 1987
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 People's State Bank of Mazeppa?
$21.6 million in total assets and $20.2 million in deposits as of June 30, 1987, with assets up 72.3% from a year before. Its loans were $11.8 million.
Is People's State Bank of Mazeppa profitable?
No: it lost $128,000 from January 1 to June 30, 1987. Its return on assets was -1.69% a year; about 1% is typical.
When did People's State Bank of Mazeppa fail?
Aug 21, 1987. First State Bank Of Red of Red Wing, MN took over its deposits. The estimated cost of the failure was $4.87 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.