The First National Bank of Prairie City
Prairie City, IA
$18.9M
total assets, June 30, 1986
$18.9M
total assets, June 30, 1986
The First National Bank of Prairie City was a national bank in Prairie City, IA. It failed on Jul 24, 1986, and Security Bank took over its deposits. At its last report it held $18.9 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1986
This bank failed
- Failed on
- Jul 24, 1986
- Assets
- $18.9M
- Deposits
- $19.2M
- Estimated cost
- $1.8M
- Deposits went to
- Security Bank, Marshalltown, IA
Total assets
$18.9M
-8.8% in a year · -9.4% in a quarter
Deposits
$19.2M
-1.9% in a year · -1.8% in a quarter
Loans
$10.6M
-23.1% in a year · -8.3% in a quarter
Profit so far
-$1.6M
Jan 1 to Jun 30, 1986
Capital ratio
-2.66%
-7.11 pts in a year
Return on assets
-15.80%
-12.89 pts in a year
Facts
- Type
- National bank
- Head office
- Main Street, Prairie City, IA, 50228
- County
- Jasper
- Established
- Apr 29, 1903
- Failed
- Jul 25, 1986
- Employees
- 9
- Id
- b4492
Quarter by quarter
March 31, 1984 to June 30, 1986
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 10
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 Prairie City?
$18.9 million in total assets and $19.2 million in deposits as of June 30, 1986, with assets down 8.8% from a year before. Its loans were $10.6 million.
Is The First National Bank of Prairie City profitable?
No: it lost $1.61 million from January 1 to June 30, 1986. Its return on assets was -15.80% a year; about 1% is typical.
When did The First National Bank of Prairie City fail?
Jul 24, 1986. Security Bank of Marshalltown, IA took over its deposits. The estimated cost of the failure was $1.80 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.