State Bank of Springfield
Springfield, MN · Owner: Springfield State Bcorp Inc
$30.3M
total assets, June 30, 1992
$30.3M
total assets, June 30, 1992
State Bank of Springfield was a state nonmember bank in Springfield, MN, owned by Springfield State Bcorp Inc. It failed on Jul 17, 1992, and Southwest State Bank took over its deposits. At its last report it held $30.3 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1992
This bank failed
- Failed on
- Jul 17, 1992
- Assets
- $30.3M
- Deposits
- $28.5M
- Estimated cost
- $127K
- Deposits went to
- Southwest State Bank, Windom, MN
Total assets
$30.3M
-19.4% in a year · -6.2% in a quarter
Deposits
$28.5M
-19.1% in a year · -9.5% in a quarter
Loans
$17.0M
-29.3% in a year · -7.2% in a quarter
Profit so far
-$423K
Jan 1 to Jun 30, 1992
Capital ratio
1.18%
-2.54 pts in a year
Return on assets
-2.54%
+2.96 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 2 South Marshall, Springfield, MN, 56087
- County
- Brown
- Holding company
- Springfield State Bcorp Inc
- Established
- Dec 23, 1891
- Failed
- Jul 17, 1992
- Employees
- 13
- Id
- b13383
Quarter by quarter
March 31, 1984 to June 30, 1992
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 Springfield?
$30.3 million in total assets and $28.5 million in deposits as of June 30, 1992, with assets down 19.4% from a year before. Its loans were $17.0 million.
Is State Bank of Springfield profitable?
No: it lost $423,000 from January 1 to June 30, 1992. Its return on assets was -2.54% a year; about 1% is typical.
Who owns State Bank of Springfield?
State Bank of Springfield is owned by Springfield State Bcorp Inc, its holding company.
When did State Bank of Springfield fail?
Jul 17, 1992. Southwest State Bank of Windom, MN took over its deposits. The estimated cost of the failure was $127,067.
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.