$31.2M
total assets, June 30, 1989
The Dakota Bank was a state nonmember bank in Grand Forks, ND. It failed on Aug 24, 1989, and First National Bank South took over its deposits. At its last report it held $31.2 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1989
This bank failed
- Failed on
- Aug 24, 1989
- Assets
- $31.2M
- Deposits
- $28.6M
- Estimated cost
- $2.9M
- Deposits went to
- First National Bank South, Grand Forks, ND
Total assets
$31.2M
+38.9% in a year · +11.3% in a quarter
Deposits
$28.6M
+39.4% in a year · +10.4% in a quarter
Loans
$23.4M
+43.4% in a year · +8.7% in a quarter
Profit so far
$175K
Jan 1 to Jun 30, 1989 · +53.5% in a year
Capital ratio
6.49%
-0.92 pts in a year
Return on assets
1.21%
+0.15 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 24th Avenue South And Columbia Road, Grand Forks, ND, 58201
- County
- Grand Forks
- Established
- Oct 9, 1979
- Failed
- Aug 24, 1989
- Employees
- 20
- Id
- b22967
Quarter by quarter
March 31, 1984 to June 30, 1989
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 The Dakota Bank?
$31.2 million in total assets and $28.6 million in deposits as of June 30, 1989, with assets up 38.9% from a year before. Its loans were $23.4 million.
Is The Dakota Bank profitable?
Yes: it earned $175,000 from January 1 to June 30, 1989 (up 53.5% from the same months a year before). Its return on assets was 1.21% a year; about 1% is typical.
When did The Dakota Bank fail?
Aug 24, 1989. First National Bank South of Grand Forks, ND took over its deposits. The estimated cost of the failure was $2.86 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.