Union County Bank
Maynardville, TN
$32.9M
total assets, December 31, 1985
$32.9M
total assets, December 31, 1985
Union County Bank was a state nonmember bank in Maynardville, TN. It failed on Apr 22, 1986, and Commercial BK Claiborne took over its deposits. At its last report it held $32.9 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1985
This bank failed
- Failed on
- Apr 22, 1986
- Assets
- $32.9M
- Deposits
- $30.4M
- Estimated cost
- $3.5M
- Deposits went to
- Commercial BK Claiborne, Harrogate, TN
Total assets
$32.9M
-14.7% in a year · -1.3% in a quarter
Deposits
$30.4M
-14.2% in a year · -1.2% in a quarter
Loans
$20.8M
-15.2% in a year · -3.1% in a quarter
Profit so far
-$1.4M
Jan 1 to Dec 31, 1985
Capital ratio
1.02%
-3.44 pts in a year
Return on assets
-4.02%
-3.83 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Highway 33 At Hickory Star Road, Maynardville, TN, 37807
- County
- Union
- Established
- Oct 2, 1950
- Failed
- Apr 23, 1986
- Employees
- 31
- Id
- b16943
Quarter by quarter
March 31, 1984 to December 31, 1985
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 8
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Union County Bank?
$32.9 million in total assets and $30.4 million in deposits as of December 31, 1985, with assets down 14.7% from a year before. Its loans were $20.8 million.
Is Union County Bank profitable?
No: it lost $1.43 million from January 1 to December 31, 1985. Its return on assets was -4.02% a year; about 1% is typical.
When did Union County Bank fail?
Apr 22, 1986. Commercial BK Claiborne of Harrogate, TN took over its deposits. The estimated cost of the failure was $3.47 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.