The Graveyard › Banks › 1989
First State Bank of Texas
Duncanville, TX · failed January 26, 1989 · FDIC certificate 26205
First State Bank of Texas of Duncanville, TX failed on January 26, 1989. It opened on April 15, 1985, 3 years before. At its last report before that it held $16.3 million in assets and $18.4 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $29.2 million. The FDIC estimates that the FDIC's insurance fund lost $5.4 million on it.
1985-061988-12
Assets at the end$16.3 millionlast report before January 26, 1989
Deposits at the end$18.4 million
Estimated loss to the fund$5.4 millionFDIC
Largest in the quarterly reports$29.2 millionDecember 31, 1987
Equity to assets-13.1%December 31, 1988
Loans not being repaid11.7%noncurrent, December 31, 1988
Return on assets-14.37%a year's rate, December 31, 1988
Staff17full time, December 31, 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.