The First National Bank of Luther
Luther, OK · Owner: First Luther Bcorp Inc
$17.1M
total assets, June 30, 1987
$17.1M
total assets, June 30, 1987
The First National Bank of Luther was a national bank in Luther, OK, owned by First Luther Bcorp Inc. It failed on Aug 13, 1987, and First Wagoner BANK&TRUST took over its deposits. At its last report it held $17.1 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1987
This bank failed
- Failed on
- Aug 13, 1987
- Assets
- $17.1M
- Deposits
- $17.6M
- Estimated cost
- $9.6M
- Deposits went to
- First Wagoner BANK&TRUST, Wagoner, OK
Total assets
$17.1M
-8.0% in a year · +0.2% in a quarter
Deposits
$17.6M
+0.7% in a year · +0.3% in a quarter
Loans
$13.7M
-5.5% in a year · -1.9% in a quarter
Profit so far
-$17K
Jan 1 to Jun 30, 1987
Capital ratio
-3.25%
-8.96 pts in a year
Return on assets
-0.20%
-0.17 pts in a year
Facts
- Type
- National bank
- Head office
- 110 South Main Street, Luther, OK, 73054
- County
- Oklahoma
- Holding company
- First Luther Bcorp Inc
- Established
- Jan 1, 1800
- Failed
- Aug 13, 1987
- Employees
- 17
- Id
- b4136
Quarter by quarter
March 31, 1984 to June 30, 1987
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 Luther?
$17.1 million in total assets and $17.6 million in deposits as of June 30, 1987, with assets down 8.0% from a year before. Its loans were $13.7 million.
Is The First National Bank of Luther profitable?
No: it lost $17,000 from January 1 to June 30, 1987. Its return on assets was -0.20% a year; about 1% is typical.
Who owns The First National Bank of Luther?
The First National Bank of Luther is owned by First Luther Bcorp Inc, its holding company.
When did The First National Bank of Luther fail?
Aug 13, 1987. First Wagoner BANK&TRUST of Wagoner, OK took over its deposits. The estimated cost of the failure was $9.59 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.