The Graveyard › Banks › 1987
Northwest Commercial Bank, N.A.
Houston, TX · failed June 11, 1987 · FDIC certificate 24885
Northwest Commercial Bank, N.A. of Houston, TX failed on June 11, 1987. It opened on January 3, 1984, 3 years before. At its last report before that it held $14.2 million in assets and $14.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $17.0 million. The FDIC estimates that the FDIC's insurance fund lost $4.7 million on it.
1984-031987-03
Assets at the end$14.2 millionlast report before June 11, 1987
Deposits at the end$14.5 million
Estimated loss to the fund$4.7 millionFDIC
Largest in the quarterly reports$17.0 millionDecember 31, 1985
Equity to assets-2.3%March 31, 1987
Loans not being repaid8.3%noncurrent, March 31, 1987
Return on assets-4.03%a year's rate, March 31, 1987
Staff13full time, March 31, 1987
Also ended in 1987
- Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
- Freedom S&LA · Tampa, FL · $1.9 billion in assets
- Vernon S&LA · Vernon, TX · $1.3 billion in assets
- Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
- Independent American SA · Irving, TX · $1.0 billion in assets
- First Financial Bank, FSB · New Orleans · $744.9 million in assets · assisted
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.