Closed Thursday, December 14, 2000 · Metropolis, Massac County, Illinois
The National State Bank of Metropolis
No bank in Illinois had failed for seven years, since Eagle Bank of Champaign County, National Association closed in 1993. The National State Bank of Metropolis's founding in 1895 put it past its 100th year when it closed. It was the second-largest of the 7 bank failures in 2000.
On the books, 1992 to 2000
Total assets were at their highest of these 32 quarters in the final report, for the third quarter of 2000. Equity capital went from 8.6% of assets in the fourth quarter of 1992 to 11% at the last report. Every reporting year on this chart closed with a net profit.* 2000: January to September only, the last report before closing.
Size against the other 2000 failures
Total assets of each 2000 failure, log scale; The National State Bank of Metropolis in red.
Within Illinois it ranks 78th by size of the 185 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 Hartford-Carlisle Savings Bank of Carlisle, Iowa ($105 million, loss 11% of assets); just below, The Bank of Falkner of Falkner, Mississippi ($85.5 million, loss 17% of assets). Every 2000 failure in the explorer.
Failures in Illinois
The next was Superior Bank, FSB of Hinsdale, on July 27, 2001. No other failed bank in the FDIC's records was based in Massac County.