Data / Bank failures / 1986 / First Bank & Trust of Idaho
First Bank & Trust of Idaho, Malad City, ID: failed May 9, 1986
First Bank & Trust of Idaho in Malad City, Idaho, failed on May 9, 1986. Idaho First National Ban of Boise, ID, took over its deposits. It held $55.9 million in assets and $51.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $17.2 million (30.9% of its assets). By assets it was the 70th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- May 9, 1986
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Idaho First National Ban, Boise, ID
- Total assets
- $55,867,000
- Total deposits
- $51,885,000
- Estimated cost to the FDIC
- $17,243,505 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 2864
Other bank failures in Idaho, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Northwest FS&LA (assistance) | Boise | August 26, 1988 | $26.7 million | $25.1 million | $2.5 million | Washington FS&LA |
| Provident FS&LA (assistance) | Boise | July 2, 1987 | $222.3 million | $210.9 million | $54.6 million | Washington FS&LA |
| United First FS&LA (assistance) | Boise | July 2, 1987 | $344.5 million | $299.6 million | $73.2 million | Washington FS&LA |
All bank failures in 1986 · All bank failures in Idaho · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.