$26.0M
total assets, March 31, 1985
The Bank of Loretto was a state nonmember bank in Loretto, TN. It failed on Sep 4, 1985, and First FARMERS&MERCHANTS took over its deposits. At its last report it held $25.6 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1985
This bank failed
- Failed on
- Sep 4, 1985
- Assets
- $25.6M
- Deposits
- $24.8M
- Estimated cost
- $3.9M
- Deposits went to
- First FARMERS&MERCHANTS, Columbia, TN
Total assets
$26.0M
-7.7% in a year · -2.5% in a quarter
Deposits
$25.2M
-2.7% in a year · -1.6% in a quarter
Loans
$16.8M
-6.8% in a year · -4.6% in a quarter
Profit so far
-$172K
Jan 1 to Mar 31, 1985 · -3540.0% in a year
Capital ratio
1.51%
-4.84 pts in a year
Return on assets
-2.62%
-2.69 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- U.S. Highway 43, Loretto, TN, 38469
- County
- Lawrence
- Established
- Jan 1, 1910
- Failed
- Sep 5, 1985
- Employees
- 24
- Id
- b6096
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 Loretto?
$26.0 million in total assets and $25.2 million in deposits as of March 31, 1985, with assets down 7.7% from a year before. Its loans were $16.8 million.
Is The Bank of Loretto profitable?
No: it lost $172,000 from January 1 to March 31, 1985. Its return on assets was -2.62% a year; about 1% is typical.
When did The Bank of Loretto fail?
Sep 4, 1985. First FARMERS&MERCHANTS of Columbia, TN took over its deposits. The estimated cost of the failure was $3.93 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.