Failed Bank List

Closed Friday, April 24, 2009 · Ketchum, Blaine County, Idaho

First Bank of Idaho

No bank in Idaho had failed for 22 years, since First Bank & Trust of Idaho closed in 1986. No failed bank in Idaho was larger, of 5 on record there since 1934.

On the books, 2001 to 2009

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$150M$300M$450M$600M2002200320042005200620072008Closed
Total assets were at their highest of these 32 quarters in the final report, for the first quarter of 2009. Equity capital stayed close to 8% of assets from the second quarter of 2001 to the last report. The deepest annual loss, $4.2 million, was booked in 2008.
Net income in each reporting year before closing, with equity capital as a share of assets at year endNet income per yearEquity to assets at year end$6M−$6M2001: $298 thousand20019.2%2002: $1.0 million20028.9%2003: $2.1 million20038.7%2004: $2.8 million20049.4%2005: $4.2 million20059.3%2006: $5.2 million20068.9%2007: $5.3 million20079.5%2008: −$4.2 million20087.9%2009: $329 thousand2009*7.9%
* 2009: January to March only, the last report before closing.

Size against the other 2009 failures

Total assets of the 140 banks that failed in 2009, log scale$10M$100M$1B$10B$100B
Total assets of each 2009 failure, log scale; First Bank of Idaho in red.

By assets it ranked 48th of the 140 failures in 2009. Across the failures of 2009, the median estimated loss came to 27% of assets. In the size ranking of that year, just above it was Cape Fear Bank of Wilmington, North Carolina ($492 million, loss 24% of assets); just below, Mirae Bank of Los Angeles, California ($481 million, loss 9.4% of assets). Every 2009 failure in the explorer.

Three other banks closed that day; the largest was First Bank of Beverly Hills of Calabasas, California, at $1.3 billion.

Failures in Idaho

The next was Syringa Bank of Boise, on January 31, 2014. No other failed bank in the FDIC's records was based in Blaine County.

Bank failures in Idaho per year, 1980 to 2026000111986: 12009: 12014: 119801990200020102020
Per year since 1980, 2009 in red. Every Idaho failure

The acquiring bank

U.S. Bank, N.A. of Cincinnati, Ohio took over four failed banks between 2000 and 2026. The others:

All 4 banks it took over.

FDIC certificate 34396 · loss estimate as of July 31, 2026 · How to read this page