Citadel Bank
Willis, TX · Owner: Citadel Bancshares Inc
$21.9M
total assets, December 31, 1990
$21.9M
total assets, December 31, 1990
Citadel Bank was a state nonmember bank in Willis, TX, owned by Citadel Bancshares Inc. It failed on Mar 21, 1991, and Tomball National Bank took over its deposits. At its last report it held $21.9 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1990
This bank failed
- Failed on
- Mar 21, 1991
- Assets
- $21.9M
- Deposits
- $21.6M
- Estimated cost
- $5.7M
- Deposits went to
- Tomball National Bank, Tomball, TX
Total assets
$21.9M
-17.9% in a year · -6.5% in a quarter
Deposits
$21.6M
-15.2% in a year · -3.5% in a quarter
Loans
$11.5M
-21.9% in a year · -2.4% in a quarter
Profit so far
-$828K
Jan 1 to Dec 31, 1990
Capital ratio
-0.09%
-3.17 pts in a year
Return on assets
-3.33%
-2.43 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 501 West Montgomery Street, Willis, TX, 77378
- County
- Montgomery
- Holding company
- Citadel Bancshares Inc
- Established
- Dec 20, 1916
- Failed
- Mar 21, 1991
- Employees
- 22
- Id
- b10331
Quarter by quarter
March 31, 1984 to December 31, 1990
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Citadel Bank?
$21.9 million in total assets and $21.6 million in deposits as of December 31, 1990, with assets down 17.9% from a year before. Its loans were $11.5 million.
Is Citadel Bank profitable?
No: it lost $828,000 from January 1 to December 31, 1990. Its return on assets was -3.33% a year; about 1% is typical.
Who owns Citadel Bank?
Citadel Bank is owned by Citadel Bancshares Inc, its holding company.
When did Citadel Bank fail?
Mar 21, 1991. Tomball National Bank of Tomball, TX took over its deposits. The estimated cost of the failure was $5.70 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.