The North American Bank
Phoenix, AZ
$32.3M
total assets, September 30, 1987
$32.3M
total assets, September 30, 1987
The North American Bank was a state nonmember bank in Phoenix, AZ. It failed on Jan 8, 1988, and Columbia Bank took over its deposits. At its last report it held $32.3 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1987
This bank failed
- Failed on
- Jan 8, 1988
- Assets
- $32.3M
- Deposits
- $30.7M
- Estimated cost
- $3.6M
- Deposits went to
- Columbia Bank, Avondale, AZ
Total assets
$32.3M
-21.2% in a year · -7.3% in a quarter
Deposits
$30.7M
-15.2% in a year · -6.9% in a quarter
Loans
$21.0M
-33.0% in a year · -11.2% in a quarter
Profit so far
-$2.0M
Jan 1 to Sep 30, 1987
Capital ratio
1.22%
-7.46 pts in a year
Return on assets
-7.07%
-5.69 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 201 North First Avenue, Phoenix, AZ, 85002
- County
- Maricopa
- Established
- Aug 2, 1982
- Failed
- Jan 8, 1988
- Employees
- 27
- Id
- b23931
Quarter by quarter
March 31, 1984 to September 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 North American Bank?
$32.3 million in total assets and $30.7 million in deposits as of September 30, 1987, with assets down 21.2% from a year before. Its loans were $21.0 million.
Is The North American Bank profitable?
No: it lost $2.04 million from January 1 to September 30, 1987. Its return on assets was -7.07% a year; about 1% is typical.
When did The North American Bank fail?
Jan 8, 1988. Columbia Bank of Avondale, AZ took over its deposits. The estimated cost of the failure was $3.60 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.