by Bill McBride on 7/20/2012 06:07:00 PM

A relentless heat
Asset drought wilts more bankers
Scorched earth arrives
by Soylent Green is People
From the FDIC: Metcalf Bank, Lees Summit, Missouri, Assumes All of the Deposits of Heartland Bank, Leawood, Kansas

As of March 31, 2012, Heartland Bank had approximately $110.0 million in total assets and $102.6 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $3.1 million. Compared ... Heartland Bank is the 37th FDIC-insured institution to fail in the nation this year, and the first in Kansas.

Pretty small hit to the DIF. That makes four today so far ...