Failed Bank List

Closed Friday, April 27, 2012 · Maple Grove, Hennepin County, Minnesota

Inter Savings Bank, fsb D/B/A InterBank, fsb

Inter Savings Bank, fsb D/B/A InterBank, fsb's assets had shrunk 53% from their peak in the third quarter of 2006 by the last report before closing. Of the 70 failed banks on record in Minnesota since 1934, it ranks second by size. It reported a net loss in six of its final nine reporting years.

On the books, 2004 to 2012

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$250M$500M$750M$1B2005200620072008200920102011Closed
Total assets peaked at $992 million. Equity capital went from 8.0% of assets in the second quarter of 2004 to 1.0% at the last report. The deepest annual loss, $23.4 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$24M−$24M2004: $14.2 million20047.8%2005: $13.5 million20057.5%2006: $10.3 million20067.7%2007: −$1.0 million20077.7%2008: −$23.4 million20085.8%2009: −$16.3 million20093.9%2010: −$13.6 million20102.2%2011: −$6.0 million20111.5%2012: −$2.9 million2012*1.0%
* 2012: January to March 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; Inter Savings Bank, fsb D/B/A InterBank in red.

By assets it ranked sixth of the 51 failures in 2012. 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 The First State Bank of Stockbridge, Georgia ($517 million, loss 37% of assets); just below, NOVA Bank of Berwyn, Pennsylvania ($445 million, loss 19% of assets). Every 2012 failure in the explorer.

Regulators closed five banks that day. The largest of the others was Plantation Federal Bank of Pawleys Island, South Carolina, at $434 million.

Failures in Minnesota

It was one of four banks in Minnesota to fail in 2012. The previous failure there was Home Savings of America of Little Falls, on February 24, 2012. The next was First Commercial Bank of Bloomington, on September 7, 2012. Hennepin County has 4 failed banks on FDIC record since 1934. The others: Midwest Federal Savings and Loan Association of Minneapolis (1989), Access Bank (2010), First Commercial Bank (2012).

Bank failures in Minnesota per year, 1980 to 20260258101983: 11984: 41985: 61986: 51987: 101988: 71989: 21990: 41991: 11992: 12000: 12008: 12009: 62010: 82011: 22012: 42013: 12014: 119801990200020102020
Per year since 1980, 2012 in red. Every Minnesota failure

FDIC certificate 31495 · loss estimate as of July 31, 2026 · How to read this page