Closed Friday, July 29, 2011 · Evansville, Vanderburgh County, Indiana
Integra Bank National Association
Founded in 1850, Integra Bank National Association had been in business 161 years, the longest run among the failures since 2000 with a known founding date. Its assets had shrunk 44% from their peak in the first quarter of 2009 by the last report before closing. Of the 39 failed banks on record in Indiana since 1934, it ranks second by size.
On the books, 2003 to 2011
Total assets peaked at $3.5 billion. Equity capital went from 9.6% of assets in the third quarter of 2003 to 1.1% at the last report. By then 15% of its loans were 90 days or more past due or no longer accruing interest. It reported a net loss in five of its final nine reporting years. The deepest annual loss, $176 million, was booked in 2009.* 2011: January to June only, the last report before closing.
Size against the other 2011 failures
Total assets of each 2011 failure, log scale; Integra Bank in red.
By assets it ranked fourth of the 92 failures in 2011. Across the failures of 2011, the median estimated loss came to 23% of assets. In the size ranking of that year, just above it was United Western Bank of Denver, Colorado ($2.2 billion, loss 6.2% of assets); just below, Lydian Private Bank of Palm Beach, Florida ($1.7 billion, loss 11% of assets). Every 2011 failure in the explorer.
Two other banks closed that day; the largest was BankMeridian, N.A. of Columbia, South Carolina, at $233 million.
Failures in Indiana
No other Indiana bank failed in 2011. The previous failure there was Irwin Union Bank and Trust Company of Columbus, on September 18, 2009. The next was SCB Bank of Shelbyville, on February 10, 2012. No other failed bank in the FDIC's records was based in Vanderburgh County.