State Bank of Boyd
Boyd, MN · Owner: Lac Qui Parle Bcorp Inc
$7.1M
total assets, September 30, 1984
$7.1M
total assets, September 30, 1984
State Bank of Boyd was a state nonmember bank in Boyd, MN, owned by Lac Qui Parle Bcorp Inc. It failed on Oct 24, 1984, and State Bank Of Madison took over its deposits. At its last report it held $7.12 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1984
This bank failed
- Failed on
- Oct 24, 1984
- Assets
- $7.1M
- Deposits
- $6.2M
- Estimated cost
- $2.8M
- Deposits went to
- State Bank Of Madison, Madison, MN
Total assets
$7.1M
vs a year before: - · -2.4% in a quarter
Deposits
$6.2M
vs a year before: - · -2.3% in a quarter
Loans
$5.0M
vs a year before: - · -5.0% in a quarter
Profit so far
-$341K
Jan 1 to Sep 30, 1984
Capital ratio
2.41%
Return on assets
-5.79%
Yearly rate
Facts
- Type
- State nonmember bank
- Head office
- Main Street, Boyd, MN, 56218
- County
- Lac Qui Parle
- Holding company
- Lac Qui Parle Bcorp Inc
- Established
- Nov 21, 1942
- Failed
- Oct 24, 1984
- Employees
- 7
- Id
- b16646
Quarter by quarter
March 31, 1984 to September 30, 1984
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 3
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is State Bank of Boyd?
$7.12 million in total assets and $6.22 million in deposits as of September 30, 1984. Its loans were $4.97 million.
Is State Bank of Boyd profitable?
No: it lost $341,000 from January 1 to September 30, 1984. Its return on assets was -5.79% a year; about 1% is typical.
Who owns State Bank of Boyd?
State Bank of Boyd is owned by Lac Qui Parle Bcorp Inc, its holding company.
When did State Bank of Boyd fail?
Oct 24, 1984. State Bank Of Madison of Madison, MN took over its deposits. The estimated cost of the failure was $2.85 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.