Rocky Mountain State Bank
Salt Lake City, UT · Owner: Rocky Mountain Bcorp
$18.6M
total assets, June 30, 1987
$18.6M
total assets, June 30, 1987
Rocky Mountain State Bank was a state member bank in Salt Lake City, UT, owned by Rocky Mountain Bcorp. It failed on Aug 28, 1987, and Citibank Utah took over its deposits. At its last report it held $18.6 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1987
This bank failed
- Failed on
- Aug 28, 1987
- Assets
- $18.6M
- Deposits
- $17.9M
- Estimated cost
- $3.0M
- Deposits went to
- Citibank Utah, Salt Lake City, UT
Total assets
$18.6M
+36.0% in a year · -20.0% in a quarter
Deposits
$17.9M
+44.1% in a year · -20.1% in a quarter
Loans
$12.4M
+32.2% in a year · -16.7% in a quarter
Profit so far
-$141K
Jan 1 to Jun 30, 1987
Capital ratio
2.25%
-6.17 pts in a year
Return on assets
-1.30%
+0.69 pts in a year
Facts
- Type
- State member bank
- Head office
- 2163 East 3300 South, Salt Lake City, UT, 84109
- County
- Salt Lake
- Holding company
- Rocky Mountain Bcorp
- Established
- Feb 9, 1976
- Failed
- Aug 28, 1987
- Employees
- 29
- Id
- b22222
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 Rocky Mountain State Bank?
$18.6 million in total assets and $17.9 million in deposits as of June 30, 1987, with assets up 36.0% from a year before. Its loans were $12.4 million.
Is Rocky Mountain State Bank profitable?
No: it lost $141,000 from January 1 to June 30, 1987. Its return on assets was -1.30% a year; about 1% is typical.
Who owns Rocky Mountain State Bank?
Rocky Mountain State Bank is owned by Rocky Mountain Bcorp, its holding company.
When did Rocky Mountain State Bank fail?
Aug 28, 1987. Citibank Utah of Salt Lake City, UT took over its deposits. The estimated cost of the failure was $3.00 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.