The First State Bank
Rockford, IA · Owner: First Rockford Bcorp Inc
$15.8M
total assets, December 31, 1986
$15.8M
total assets, December 31, 1986
The First State Bank was a state nonmember bank in Rockford, IA, owned by First Rockford Bcorp Inc. It failed on Mar 4, 1987, and First Security BANK&TRUS took over its deposits. At its last report it held $15.8 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1986
This bank failed
- Failed on
- Mar 4, 1987
- Assets
- $15.8M
- Deposits
- $15.2M
- Estimated cost
- $1.4M
- Deposits went to
- First Security BANK&TRUS, Charles City, IA
Total assets
$15.8M
-12.9% in a year · +1.8% in a quarter
Deposits
$15.2M
-7.0% in a year · +3.7% in a quarter
Loans
$9.2M
-20.4% in a year · -6.4% in a quarter
Profit so far
-$1.1M
Jan 1 to Dec 31, 1986 · -615.2% in a year
Capital ratio
2.64%
-5.59 pts in a year
Return on assets
-6.29%
-7.43 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 211 West Main Avenue, Rockford, IA, 50468
- County
- Floyd
- Holding company
- First Rockford Bcorp Inc
- Established
- Jan 1, 1925
- Failed
- Mar 4, 1987
- Employees
- 8
- Id
- b9101
Quarter by quarter
March 31, 1984 to December 31, 1986
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 State Bank?
$15.8 million in total assets and $15.2 million in deposits as of December 31, 1986, with assets down 12.9% from a year before. Its loans were $9.20 million.
Is The First State Bank profitable?
No: it lost $1.05 million from January 1 to December 31, 1986. Its return on assets was -6.29% a year; about 1% is typical.
Who owns The First State Bank?
The First State Bank is owned by First Rockford Bcorp Inc, its holding company.
When did The First State Bank fail?
Mar 4, 1987. First Security BANK&TRUS of Charles City, IA took over its deposits. The estimated cost of the failure was $1.42 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.