The Lee State Bank
Browerville, MN · Owner: Central Bancshares Inc
$13.4M
total assets, September 30, 1989
$13.4M
total assets, September 30, 1989
The Lee State Bank was a state nonmember bank in Browerville, MN, owned by Central Bancshares Inc. It failed on Nov 9, 1989, and First National Bank Of Long took over its deposits. At its last report it held $13.4 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1989
This bank failed
- Failed on
- Nov 9, 1989
- Assets
- $13.4M
- Deposits
- $13.5M
- Estimated cost
- $2.7M
- Deposits went to
- First National Bank Of Long, Long Prairie, MN
Total assets
$13.4M
-14.4% in a year · -6.6% in a quarter
Deposits
$13.5M
-10.4% in a year · -6.0% in a quarter
Loans
$8.5M
-16.9% in a year · -5.4% in a quarter
Profit so far
-$132K
Jan 1 to Sep 30, 1989
Capital ratio
-1.53%
-3.85 pts in a year
Return on assets
-1.22%
-0.45 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- U.S. Highway 71 And Fifth Street, Browerville, MN, 56438
- County
- Todd
- Holding company
- Central Bancshares Inc
- Established
- Jan 1, 1890
- Failed
- Nov 9, 1989
- Employees
- 13
- Id
- b15080
Quarter by quarter
March 31, 1984 to September 30, 1989
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 Lee State Bank?
$13.4 million in total assets and $13.5 million in deposits as of September 30, 1989, with assets down 14.4% from a year before. Its loans were $8.50 million.
Is The Lee State Bank profitable?
No: it lost $132,000 from January 1 to September 30, 1989. Its return on assets was -1.22% a year; about 1% is typical.
Who owns The Lee State Bank?
The Lee State Bank is owned by Central Bancshares Inc, its holding company.
When did The Lee State Bank fail?
Nov 9, 1989. First National Bank Of Long of Long Prairie, MN took over its deposits. The estimated cost of the failure was $2.66 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.