Rainsville Bank
Rainsville, AL · Owner: Rainsville Holding Co Inc
$17.5M
total assets, March 31, 1986
$17.5M
total assets, March 31, 1986
Rainsville Bank was a state nonmember bank in Rainsville, AL, owned by Rainsville Holding Co Inc. It failed on May 9, 1986, and Jacobs Bank took over its deposits. At its last report it held $17.5 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1986
This bank failed
- Failed on
- May 9, 1986
- Assets
- $17.5M
- Deposits
- $16.1M
- Estimated cost
- $566K
- Deposits went to
- Jacobs Bank, Scottsboro, AL
Total assets
$17.5M
-26.7% in a year · -7.6% in a quarter
Deposits
$16.1M
-25.5% in a year · -5.7% in a quarter
Loans
$11.4M
-29.1% in a year · -5.6% in a quarter
Profit so far
-$581K
Jan 1 to Mar 31, 1986
Capital ratio
4.66%
-2.07 pts in a year
Return on assets
-12.77%
-12.28 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 110 West Main Street, Rainsville, AL, 35986
- County
- Dekalb
- Holding company
- Rainsville Holding Co Inc
- Established
- Aug 29, 1964
- Failed
- May 9, 1986
- Employees
- 18
- Id
- b19216
Quarter by quarter
March 31, 1984 to March 31, 1986
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 9
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Rainsville Bank?
$17.5 million in total assets and $16.1 million in deposits as of March 31, 1986, with assets down 26.7% from a year before. Its loans were $11.4 million.
Is Rainsville Bank profitable?
No: it lost $581,000 from January 1 to March 31, 1986. Its return on assets was -12.77% a year; about 1% is typical.
Who owns Rainsville Bank?
Rainsville Bank is owned by Rainsville Holding Co Inc, its holding company.
When did Rainsville Bank fail?
May 9, 1986. Jacobs Bank of Scottsboro, AL took over its deposits. The estimated cost of the failure was $565,811.
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.