Thursday, December 1, 2005

2009 Bank Failures

Below is a table with the 2009 bank failures. It includes the estimated cost to the FDIC insurance fund, the loss as a percentage of total assets and the total deposits. This will be updated as events unfold.

Failure #Bank NameLocationFDIC Ins. Cost (est.)AssetsDeposits% Loss on Assets
1National Bank of CommerceBerkeley, IL$97.1M$430.9M$402.1M22.53%
2Bank of Clark CountyVancouver, WA$130M$446.5M$366.5M29.12%
31st Centennial BankRedlands, CA$227M$803.3M$676.9M28.26%
4Magnet BankSalt Lake City, UT$282.8M$292.9M$282.8M96.55%
5Suburban Federal Savings BankCrofton, MD$126M$360M$302M35.0%
6Ocala National BankOcala, FL$99.6M$223.5M$205.2M44.56%
7FirstBank Financial ServicesMcDonough, GA$111M$337M$279M32.94%
8Alliance BankCulver City, CA$206M$1.14B$951M18.07%
9County BankMerced, CA$135M$1.70B$1.30B7.94%
10Sherman County BankLoup City, NE$28M$129.8M$85.1M21.57%
11Riverside Bank of the Gulf CoastCape Coral, FL$201.5M$539M$424M37.38%
12Corn Belt Bank & Trust Co.Pittsfield, IL$100M$271.8M$234.4M36.79%
13Pinnacle BankBeaverton, OR$12.1M$73M$64M16.58%
14Silver Falls BankSilverton, OR$50M$131.4M$116.3M37.99%
15Heritage Community BankGlenwood, IL$41.6M$232.9M$218.6M17.86%
16Security Savings BankHenderson, NV$59.1M$175.2M$238.3M24.8%
17Freedom Bank of GeorgiaCommerce, GA$36.2M$173M$161M20.92%
18FirstCity bankStockbridge, GA$100M$297M$278M33.67%
19Colorado Nat. BankColorado Spring, CO$9M$123.5M$82.7M7.29%
20Teambank, National Assoc.Paola, KS$98M$669.8M$492.8M14.63%
21Omni National BankAtlanta, GA$290M$956M$796.8M30.33%
22Cape Fear BankWilmington, NC$131M$492M$403M26.63%
23New Frontier BankGreeley, CO$670M$2.0B$1.50B33.50%
24American Sterling BankSugar Creek, MO$42M$181M$171.9M23.20%
25Great Basin Bank of NevadaElko, NV$42M$270.9M$221.4M15.50%
26American Southern BankKennesaw, GA$41.9M$112.3M$104.3M37.31%
27Michigan Heritage BankFarmington Hill, MI$71.3M$184.6M$151.7M38.62%
28First Bank of Beverly HillsCalabasas, CA$394M$1.50B$1.00B26.27%
29First Bank of Idaho, FSBKetchum, ID$191.2M$488.9M$374.0M39.11%
Total$4.0234BAve.= 29.79%