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2008 Annual Report
VI. Appendices
A. Key Statistics
Number, Assets, Deposits, Losses, and Loss to Funds of Insured
Thrifts Taken Over or Closed Because of Financial Difficulties,
1989 through 19951
Dollars in Thousands
|
Year |
Total |
Assets |
Deposits |
Estimated Receivership Loss2 |
Loss to Funds3 |
Total |
747 |
$393,986,274 |
$317,499,876 |
$75,315,668 |
$81,580,421 |
1995 |
2 |
423,819 |
414,692 |
28,192 |
27,750 |
1994 |
2 |
136,815 |
127,508 |
11,472 |
14,599 |
1993 |
9 |
6,147,962 |
4,881,461 |
267,595 |
65,212 |
1992 |
59 |
44,196,946 |
34,773,224 |
3,234,947 |
3,780,184 |
1991 |
144 |
78,898,704 |
65,173,122 |
8,624,447 |
9,122,686 |
1990 |
213 |
129,662,398 |
98,963,960 |
16,063,923 |
19,258,817 |
19894 |
318 |
134,519,630 |
113,165,909 |
47,085,092 |
49,311,173 |
1 Beginning in 1989 through July 1, 1995, all thrift closings were the responsibility of the Resolution Trust Corporation (RTC). Since the RTC was terminated on December 31, 1995, and all assets and liabilities transferred to the FSLIC Resolution Fund (FRF), all the results of the thrift closing activity from 1989 through 1995 are now reflected on FRF’s books. Year is the year of failure, not the year of resolution.
2 The estimated losses represent the projected loss at the fund level from receiverships for unreimbursed subrogated claims of the FRF and unpaid advances to receiverships from the FRF.
3 The Loss to Funds represents the total resolution cost of the failed thrifts in the FRF-RTC fund, which includes corporate revenue and expense items such as interest expense on Federal Financing Bank debt, interest expense on escrowed funds, and interest revenue on advances to receiverships, in addition to the estimated losses for receiverships.
4 Total for 1989 excludes nine failures of the former FSLIC. |
FDIC- Insured Institutions Closed During 2008
Dollars in Thousands
|
Name and Location |
Bank Class |
No. of Deposit Accounts |
Total Assets2 |
Total Deposits2 |
FDIC
Disbursements3 |
Estimated Loss1 |
Date of Closing or Acquisition |
Receiver/Assuming Bank and Location |
Purchase and Assumption – Insured Deposits |
Hume Bank,
Hume, MO |
NM |
1,330 |
$18,682 |
$13,566 |
$13,794 |
$4,324 |
03/07/08 |
Security Bank,
Rich Hill, MO |
ANB Financial
Bentonville, AR |
N |
20,904 |
$1,895,545 |
$1,815,691 |
$1,745,038 |
$819,436 |
05/09/08 |
Pulaski Bank and Trust Company, Little Rock, AR |
IndyMac Bank, FSB,
Pasadena, CA |
SA |
281,930 |
$30,698,512 |
$18,941,727 |
$15,314,602 |
$10,724,595 |
07/11/08 |
Federal Deposit Insurance Corporation |
First Priority Bank,
Bradenton, FL |
NM |
6,326 |
$258,610 |
$226,698 |
$201,988 |
$81,196 |
08/01/08 |
SunTrust Bank, Atlanta, GA |
The Columbian Bank and Trust Company, Topeka, KS |
NM |
10,273 |
$735,071 |
$620,354 |
$586,285 |
$232,127 |
08/22/08 |
Citizens Bank, and Trust, Chillicothe, MO |
Silver State Bank,
Henderson, NV |
NM |
20,014 |
$1,957,120 |
$1,733,091 |
$1,460,245 |
$553,095 |
09/05/08 |
Nevada State Bank,
Las Vegas, NV |
Alpha Bank & Trust, Alpharetta, GA |
NM |
7,589 |
$354,090 |
$344,231 |
$331,163 |
$159,914 |
10/24/08 |
Sterns Bank, National Association, St. Cloud, MN |
First Georgia Community Bank, Jackson, GA |
SM |
9,051 |
$256,371 |
$215,287 |
$187,065 |
$52,015 |
12/05/08 |
United Bank,
Zebulon, GA |
Sanderson State Bank, Sanderson, TX |
NM |
855 |
$38,217 |
$32,012 |
$27,225 |
$9,646 |
12/12/08 |
The Pecos County State Bank, Fort Stockton, TX |
Haven Trust Bank,
Duluth, GA |
NM |
10,041 |
$559,551 |
$489,692 |
$506,700 |
$207,957 |
12/12/08 |
Branch Bankings & Trust, Winston-Salem, NC |
Whole Bank Purchase and Assumption – All Deposits |
Douglass National Bank,
Kansas City, MO |
N |
4,904 |
$52,824 |
$50,250 |
$10,400 |
$6,544 |
01/25/08 |
Liberty Bank and Trust Company, New Orleans, LA |
First Integrity Bank,
Staples, MN |
N |
5,372 |
$52,916 |
$50,178 |
$49,710 |
$10,108 |
05/30/08 |
First International Bank and Trust, Watford City, ND |
Washington Mutual Bank, Henderson, NV |
SA |
20,933,279 |
$307,021,614 |
$188,260,793 |
$0 |
$0 |
09/25/08 |
JPMorgan Chase |
Downey Savings & Loan Assoc., Newport Beach, CA |
SA |
605,841 |
$12,779,371 |
$9,653,169 |
$0 |
$1,374,607 |
11/21/08 |
U.S. Bank, National Association, Minneapolis, MN |
PFF Bank & Trust,
Pomona, CA |
SA |
143,421 |
$3,715,433 |
$2,393,845 |
$0 |
$729,561 |
11/21/08 |
U.S. Bank, National Association, Minneapolis, MN |
Purchase and Assumption – All Deposits |
First National Bank of Nevada, Reno, NV |
N |
81,758 |
$3,411,145 |
$3,038,053 |
$2,806,600 |
$706,119 |
07/25/08 |
Mutual of Omaha Bank, Omaha, NE |
First Heritage Bank,
Newport Beach, CA |
N |
4,572 |
$255,376 |
$234,812 |
$256,700 |
$33,125 |
07/25/08 |
Mutual of Omaha Bank, Omaha, NE |
Integrity Bank,
Alpharetta, GA |
NM |
22,767 |
$1,107,514 |
$962,456 |
$933,932 |
$210,779 |
08/29/08 |
Regions Bank,
Birmingham, AL |
Ameribank, Inc.,
Northfork, WV |
SA |
13,052 |
$103,965 |
$100,901 |
$90,789 |
$33,413 |
09/19/08 |
Pioneer Community Bank, Inc., Iaeger, WV
The Citizens Savings Bank, Martins Ferry, OH |
Meridian Bank,
Eldred, IL |
NM |
4,252 |
$38,223 |
$36,090 |
$36,100 |
$14,482 |
10/10/08 |
National Bank,
Hillsboro, IL |
Main Street Bank,
Northville, MI |
NM |
2,395 |
$112,368 |
$98,934 |
$85,686 |
$32,058 |
10/10/08 |
Monroe Bank & Trust, Monroe, MI |
Freedom Bank,
Bradenton, FL |
NM |
6,698 |
$270,842 |
$256,793 |
$256,618 |
$92,853 |
10/31/08 |
Fifth Third Bank, Grand Rapids, MI |
Security Pacific Bank,
Los Angeles, CA |
NM |
5,417 |
$527,959 |
$456,472 |
$478,800 |
$175,478 |
11/07/08 |
Pacific Western Bank,
Los Angeles, CA |
Franklin Bank, SSB,
Houston, TX |
SB |
111,394 |
$5,089,260 |
$3,692,887 |
$4,288,427 |
$1,361,570 |
11/07/08 |
Prosperity Bank,
El Campo, TX |
The Community Bank, Loganville, GA |
NM |
13,391 |
$634,901 |
$603,733 |
$619,550 |
$247,275 |
11/21/08 |
Bank of Essex, Tappahannock, VA |
Codes for Bank Class:
NM = State-chartered bank that is not a member of the Federal Reserve System
N = National Bank
SB = Savings Bank
SM = State-chartered bank that is a member of the Federal Reserve System
SA = Savings Association
1 Estimated losses are as of 12/31/08. Estimated losses are routinely adjusted with updated information from new appraisals and asset sales, which ultimately affect the asset values and projected recoveries. back
2 Total Assets and Total Deposits data are based upon the last Call Report filed by the institution prior to failure. back
3 Represents corporate cash disbursements. back |
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