The Graveyard › Banks › 1989
First State Bank
Harper, TX · failed January 12, 1989 · FDIC certificate 13440
First State Bank of Harper, TX failed on January 12, 1989. It opened on October 15, 1915, 73 years before. At its last report before that it held $10.5 million in assets and $10.6 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $11.6 million. The FDIC estimates that the FDIC's insurance fund lost $2.7 million on it.
1984-031988-09
Assets at the end$10.5 millionlast report before January 12, 1989
Deposits at the end$10.6 million
Estimated loss to the fund$2.7 millionFDIC
Largest in the quarterly reports$11.6 millionDecember 31, 1986
Equity to assets-1.6%September 30, 1988
Loans not being repaid10.7%noncurrent, September 30, 1988
Return on assets-13.02%a year's rate, September 30, 1988
Staff7full time, September 30, 1988
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.