Closed Friday, September 29, 2000 · Falkner, Tippah County, Mississippi
The Bank of Falkner
No bank in Mississippi had failed for seven years, since Security Savings and Loan Association closed in 1992. The Bank of Falkner was the third-largest of the 7 bank failures in 2000.
On the books, 1992 to 2000
Total assets peaked at $86.8 million in the first quarter of 2000. Equity capital stayed close to 9% of assets from the third quarter of 1992 to the last report. The deepest annual loss, $342 thousand, was booked in 2000 in only part of the year.* 2000: January to June only, the last report before closing.
Size against the other 2000 failures
Total assets of each 2000 failure, log scale; The Bank of Falkner in red.
Within Mississippi it ranks 12th by size of the 33 failures recorded since 1934. Across the failures of 2000, the median estimated loss came to 5.3% of assets. In the size ranking of that year, just above it was The National State Bank of Metropolis of Metropolis, Illinois ($90.4 million, loss 3.0% of assets); just below, Bank of Honolulu of Honolulu, Hawaii ($63.9 million, loss 0.6% of assets). Every 2000 failure in the explorer.
Failures in Mississippi
The next was First National Bank of Rosedale, on June 4, 2010. No other failed bank in the FDIC's records was based in Tippah County.