Closed Friday, February 10, 2012 · Shelbyville, Shelby County, Indiana
SCB Bank
SCB Bank's founding in 1891 put it past its 100th year when it closed. Equity capital was below zero at its last report. No other Indiana bank failed in 2012.
On the books, 2004 to 2011
Total assets peaked at $265 million in the fourth quarter of 2009 and were 31% lower at the final report. Equity capital had covered 7.8% of assets in the first quarter of 2004. It reported a net loss in three of its final eight reporting years. The deepest annual loss, $12.2 million, was booked in 2010.
Size against the other 2012 failures
Total assets of each 2012 failure, log scale; SCB Bank in red.
By assets it ranked 22nd of the 51 failures in 2012. Within Indiana it ranks fourth by size of the 39 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 Excel Bank of Sedalia, Missouri ($186 million, loss 16% of assets); just below, Putnam State Bank of Palatka, Florida ($169 million, loss 17% of assets). Every 2012 failure in the explorer.
The only other bank closed that day was Charter National Bank and Trust of Hoffman Estates, Illinois.