Closed Friday, August 22, 2008 · Topeka, Shawnee County, Kansas
The Columbian Bank and Trust Company
No bank in Kansas had failed for 15 years, since Midland Bank of Kansas closed in 1993. In the three years to the first quarter of 2008, The Columbian Bank and Trust Company's assets grew 151%.
On the books, 2000 to 2008
Total assets peaked at $736 million. Equity capital stayed close to 6% of assets from the third quarter of 2000 to the last report. By then 14% of its loans were 90 days or more past due or no longer accruing interest. Every reporting year on this chart closed with a net profit.* 2008: January to June only, the last report before closing.
Size against the other 2008 failures
Total assets of each 2008 failure, log scale; The Columbian Bank and Trust Company in red.
By assets it ranked tenth of the 25 failures in 2008. Within Kansas it ranks sixth by size of the 114 failures recorded since 1934. Across the failures of 2008, the median estimated loss came to 37% of assets. Ranked by estimated loss, it is 114th of 2,944 failures since 1934. In the size ranking of that year, just above it was Integrity Bank of Alpharetta, Georgia ($1.1 billion, loss 42% of assets); just below, The Community Bank of Loganville, Georgia ($635 million, loss 53% of assets). Every 2008 failure in the explorer.
Failures in Kansas
The next was TeamBank, N.A. of Paola, on March 20, 2009. Shawnee County has 5 failed banks on FDIC record since 1934. The others: McCune State Bank (1986), Topeka Savings Association (1987), Shawnee Federal Savings and Loan Association (1989), Topeka Savings, A Federal Savings and Loan Association (1989).