The Graveyard › Banks › 1987

Waxahachie Bank and Trust Company

Waxahachie, TX · failed September 10, 1987 · FDIC certificate 10711

Waxahachie Bank and Trust Company of Waxahachie, TX failed on September 10, 1987. It opened in 1932, 55 years before. At its last report before that it held $68.9 million in assets and $66.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $85.3 million. The FDIC estimates that the FDIC's insurance fund lost $21.7 million on it.

1984-031987-06

Assets at the end$68.9 millionlast report before September 10, 1987

Deposits at the end$66.2 million

Estimated loss to the fund$21.7 millionFDIC

Largest in the quarterly reports$85.3 millionDecember 31, 1985

Equity to assets2.7%June 30, 1987

Loans not being repaid21.8%noncurrent, June 30, 1987

Return on assets-3.52%a year's rate, June 30, 1987

Staff44full time, June 30, 1987

On the FDIC's list: WAXAHACHIE BANK & TRUST COMPANY.

Could you have seen it coming? Play Black Monday

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.