Failed Bank List

Closed Friday, July 20, 2012 · Leawood, Johnson County, Kansas

Heartland Bank

Heartland Bank's founding in 1904 put it past its 100th year when it closed. Its assets had shrunk 53% from their peak in the second quarter of 2008 by the last report before closing. No other Kansas bank failed in 2012.

On the books, 2004 to 2012

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$60M$120M$180M$240M2005200620072008200920102011Closed
Total assets peaked at $205 million. Equity capital went from 9.9% of assets in the third quarter of 2004 to 1.0% at the last report. It reported a net loss in five of its final nine reporting years. The deepest annual loss, $13.1 million, was booked in 2010.
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$16M−$16M2004: $336 thousand20049.6%2005: $1.5 million20059.5%2006: $1.8 million20068.8%2007: $1.4 million20079.6%2008: −$2.5 million20088.7%2009: −$3.5 million200910%2010: −$13.1 million20104.4%2011: −$3.6 million20112.0%2012: −$1.5 million2012*1.0%
* 2012: January to June only, the last report before closing.

Size against the other 2012 failures

Total assets of the 51 banks that failed in 2012, log scale$10M$100M$1B$10B
Total assets of each 2012 failure, log scale; Heartland Bank in red.

By assets it ranked 36th of the 51 failures in 2012. Within Kansas it ranks 29th by size of the 114 failures recorded since 1934. Across the failures of 2012, the median estimated loss came to 21% of assets. In the size ranking of that year, just above it was Security Bank, National Association of North Lauderdale, Florida ($101 million, loss 15% of assets); just below, Covenant Bank & Trust of Rock Spring, Georgia ($95.7 million, loss 32% of assets). Every 2012 failure in the explorer.

Regulators closed five banks that day. The largest of the others was First Cherokee State Bank of Woodstock, Georgia, at $209 million.

Failures in Kansas

The previous failure there was The First National Bank of Olathe of Olathe, on August 12, 2011. The next was The Farmers and Merchants State Bank of Argonia of Argonia, on October 13, 2017. Johnson County has 13 failed banks on FDIC record since 1934. Closest in time: SolutionsBank (2009), Security Savings Bank, F.S.B. (2010), Hillcrest Bank (2010), The First National Bank of Olathe (2011), Small Business Bank (2026).

Bank failures in Kansas per year, 1980 to 2026061218241980: 31982: 11983: 11984: 71985: 131986: 141987: 101988: 61989: 211990: 41991: 31992: 31993: 32008: 12009: 32010: 32011: 12012: 12017: 12020: 12023: 12026: 119801990200020102020
Per year since 1980, 2012 in red. Every Kansas failure

The acquiring bank

Metcalf Bank of Lee's Summit, Missouri took over two failed banks between 2000 and 2026. The other:

  • American Sterling BankSugar Creek, MO · April 17, 2009

FDIC certificate 1361 · loss estimate as of July 31, 2026 · How to read this page