The Graveyard › Banks › 1990
The First National Bank of San Marcos
San Marcos, TX · failed January 4, 1990 · FDIC certificate 5517
The First National Bank of San Marcos of San Marcos, TX failed on January 4, 1990. It opened in 1879, 111 years before. At its last report before that it held $77.6 million in assets and $80.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $98.0 million. The FDIC estimates that the Bank Insurance Fund lost $22.8 million on it.
1984-031989-09
Assets at the end$77.6 millionlast report before January 4, 1990
Deposits at the end$80.0 million
Estimated loss to the fund$22.8 millionBIF
Largest in the quarterly reports$98.0 millionDecember 31, 1986
Equity to assets-4.6%September 30, 1989
Loans not being repaid19.5%noncurrent, September 30, 1989
Return on assets-11.33%a year's rate, September 30, 1989
Staff48full time, September 30, 1989
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 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.