The First National Bank of Blooming Prairie
Blooming Prairie, MN · Owner: Blooming Prairie Bancshares
$20.0M
total assets, March 31, 1988
$20.0M
total assets, March 31, 1988
The First National Bank of Blooming Prairie was a national bank in Blooming Prairie, MN, owned by Blooming Prairie Bancshares. It failed on Jul 21, 1988, and First Amn BK Blooming PR took over its deposits. At its last report it held $20.0 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1988
This bank failed
- Failed on
- Jul 21, 1988
- Assets
- $20.0M
- Deposits
- $20.0M
- Estimated cost
- $2.1M
- Deposits went to
- First Amn BK Blooming PR, Blooming Prairie, MN
Total assets
$20.0M
-8.7% in a year · -0.5% in a quarter
Deposits
$20.0M
-3.4% in a year · +2.1% in a quarter
Loans
$11.0M
-23.6% in a year · -12.3% in a quarter
Profit so far
-$323K
Jan 1 to Mar 31, 1988 · -869.0% in a year
Capital ratio
-1.02%
-5.35 pts in a year
Return on assets
-6.45%
-7.21 pts in a year
Facts
- Type
- National bank
- Head office
- 345 East Main Street, Blooming Prairie, MN, 55917
- County
- Steele
- Holding company
- Blooming Prairie Bancshares
- Established
- Sep 15, 1875
- Failed
- Jul 21, 1988
- Employees
- 11
- Id
- b5096
Quarter by quarter
March 31, 1984 to March 31, 1988
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 First National Bank of Blooming Prairie?
$20.0 million in total assets and $20.0 million in deposits as of March 31, 1988, with assets down 8.7% from a year before. Its loans were $11.0 million.
Is The First National Bank of Blooming Prairie profitable?
No: it lost $323,000 from January 1 to March 31, 1988. Its return on assets was -6.45% a year; about 1% is typical.
Who owns The First National Bank of Blooming Prairie?
The First National Bank of Blooming Prairie is owned by Blooming Prairie Bancshares, its holding company.
When did The First National Bank of Blooming Prairie fail?
Jul 21, 1988. First Amn BK Blooming PR of Blooming Prairie, MN took over its deposits. The estimated cost of the failure was $2.10 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.