The First National Bank of Wilmont
Wilmont, MN · Owner: Wilmont Bankshares Inc
$13.3M
total assets, March 31, 1987
$13.3M
total assets, March 31, 1987
The First National Bank of Wilmont was a national bank in Wilmont, MN, owned by Wilmont Bankshares Inc. It failed on May 29, 1987, and Farmers STB Of Mountain took over its deposits. At its last report it held $13.3 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1987
This bank failed
- Failed on
- May 29, 1987
- Assets
- $13.3M
- Deposits
- $11.8M
- Estimated cost
- $2.0M
- Deposits went to
- Farmers STB Of Mountain, Mountain Lake, MN
Total assets
$13.3M
+15.7% in a year · +4.2% in a quarter
Deposits
$11.8M
+12.4% in a year · +1.8% in a quarter
Loans
$6.4M
-0.2% in a year · +6.1% in a quarter
Profit so far
$55K
Jan 1 to Mar 31, 1987 · +31.0% in a year
Capital ratio
7.58%
+0.08 pts in a year
Return on assets
1.69%
+0.23 pts in a year
Facts
- Type
- National bank
- Head office
- Main Street, Wilmont, MN, 56185
- County
- Nobles
- Holding company
- Wilmont Bankshares Inc
- Established
- Apr 13, 1900
- Failed
- May 29, 1987
- Employees
- 7
- Id
- b5275
Quarter by quarter
March 31, 1984 to March 31, 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 Wilmont?
$13.3 million in total assets and $11.8 million in deposits as of March 31, 1987, with assets up 15.7% from a year before. Its loans were $6.39 million.
Is The First National Bank of Wilmont profitable?
Yes: it earned $55,000 from January 1 to March 31, 1987 (up 31.0% from the same months a year before). Its return on assets was 1.69% a year; about 1% is typical.
Who owns The First National Bank of Wilmont?
The First National Bank of Wilmont is owned by Wilmont Bankshares Inc, its holding company.
When did The First National Bank of Wilmont fail?
May 29, 1987. Farmers STB Of Mountain of Mountain Lake, MN took over its deposits. The estimated cost of the failure was $2.00 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.