The Bank of Commerce
Chanute, KS · Owner: Morrow & Keeling Inc
$66.8M
total assets, March 31, 1985
$66.8M
total assets, March 31, 1985
The Bank of Commerce was a state nonmember bank in Chanute, KS, owned by Morrow & Keeling Inc. It failed on May 2, 1985, and Bank Of Commerce took over its deposits. At its last report it held $66.8 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1985
This bank failed
- Failed on
- May 2, 1985
- Assets
- $66.8M
- Deposits
- $63.9M
- Estimated cost
- $15.9M
- Deposits went to
- Bank Of Commerce, Chanute, KS
Total assets
$66.8M
-10.0% in a year · -2.2% in a quarter
Deposits
$63.9M
-8.8% in a year · -2.1% in a quarter
Loans
$42.8M
-17.2% in a year · -4.6% in a quarter
Profit so far
-$8K
Jan 1 to Mar 31, 1985
Capital ratio
2.73%
-0.97 pts in a year
Return on assets
-0.05%
+12.62 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 101 West Main, Chanute, KS, 66720
- County
- Neosho
- Holding company
- Morrow & Keeling Inc
- Established
- Jan 1, 1894
- Failed
- May 2, 1985
- Employees
- 49
- Id
- b11775
Quarter by quarter
March 31, 1984 to March 31, 1985
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 5
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is The Bank of Commerce?
$66.8 million in total assets and $63.9 million in deposits as of March 31, 1985, with assets down 10.0% from a year before. Its loans were $42.8 million.
Is The Bank of Commerce profitable?
No: it lost $8,000 from January 1 to March 31, 1985. Its return on assets was -0.05% a year; about 1% is typical.
Who owns The Bank of Commerce?
The Bank of Commerce is owned by Morrow & Keeling Inc, its holding company.
When did The Bank of Commerce fail?
May 2, 1985. Bank Of Commerce of Chanute, KS took over its deposits. The estimated cost of the failure was $15.9 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.