Brotherhood Bank & Trust Kansas City Kansas

Another fine candidate

Brotherhood Bank & Trust Kansas City Kansas was founded in 1924.  The bank accepted $10MM in tax payer funded bailout funds which it still hasn’t returned.

The bank has $505MM in assets with $52MM in stated equity.

The actual equity position is $42MM when the tax payer debt is backed out.

The company has problem loans of $17MM which could erode the equity base.

Net income was ($1.6MM) in FY10 and ($6MM) in FY09.

So how are they going to pay the $10MM back?

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