State Bank of Greenwald
Greenwald, MN · Owner: Greenwald Bancshares Inc
$23.3M
total assets, June 30, 1987
$23.3M
total assets, June 30, 1987
State Bank of Greenwald was a state nonmember bank in Greenwald, MN, owned by Greenwald Bancshares Inc. It failed on Oct 2, 1987, and Rural American BK Greenw took over its deposits. At its last report it held $23.3 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1987
This bank failed
- Failed on
- Oct 2, 1987
- Assets
- $23.3M
- Deposits
- $19.9M
- Estimated cost
- $4.3M
- Deposits went to
- Rural American BK Greenw, Greenwald, MN
Total assets
$23.3M
+9.8% in a year · -0.3% in a quarter
Deposits
$19.9M
+4.0% in a year · -1.1% in a quarter
Loans
$15.0M
+0.7% in a year · -0.9% in a quarter
Profit so far
-$1.6M
Jan 1 to Jun 30, 1987 · -1588.8% in a year
Capital ratio
1.49%
-7.66 pts in a year
Return on assets
-13.42%
-14.46 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Fifth Street And First Avenue, Greenwald, MN, 56335
- County
- Stearns
- Holding company
- Greenwald Bancshares Inc
- Established
- Nov 22, 1910
- Failed
- Oct 2, 1987
- Employees
- 10
- Id
- b12185
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 State Bank of Greenwald?
$23.3 million in total assets and $19.9 million in deposits as of June 30, 1987, with assets up 9.8% from a year before. Its loans were $15.0 million.
Is State Bank of Greenwald profitable?
No: it lost $1.59 million from January 1 to June 30, 1987. Its return on assets was -13.42% a year; about 1% is typical.
Who owns State Bank of Greenwald?
State Bank of Greenwald is owned by Greenwald Bancshares Inc, its holding company.
When did State Bank of Greenwald fail?
Oct 2, 1987. Rural American BK Greenw of Greenwald, MN took over its deposits. The estimated cost of the failure was $4.33 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.