Citizens Bank and Trust
Calvert, TX · Owner: Calvert Capital Corp
$14.2M
total assets, December 31, 1988
$14.2M
total assets, December 31, 1988
Citizens Bank and Trust was a state nonmember bank in Calvert, TX, owned by Calvert Capital Corp. It failed on Mar 9, 1989, and First State Bank took over its deposits. At its last report it held $14.2 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1988
This bank failed
- Failed on
- Mar 9, 1989
- Assets
- $14.2M
- Deposits
- $16.8M
- Estimated cost
- $5.3M
- Deposits went to
- First State Bank, Bremond, TX
Total assets
$14.2M
-33.9% in a year · -27.4% in a quarter
Deposits
$16.8M
-14.4% in a year · -15.8% in a quarter
Loans
$10.8M
-21.5% in a year · -20.4% in a quarter
Profit so far
-$4.8M
Jan 1 to Dec 31, 1988 · -1531.6% in a year
Capital ratio
-20.76%
-28.03 pts in a year
Return on assets
-24.09%
-25.79 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 620 Main Street, Calvert, TX, 77837
- County
- Robertson
- Holding company
- Calvert Capital Corp
- Established
- Feb 27, 1927
- Failed
- Mar 9, 1989
- Employees
- 16
- Id
- b13247
Quarter by quarter
March 31, 1984 to December 31, 1988
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 Citizens Bank and Trust?
$14.2 million in total assets and $16.8 million in deposits as of December 31, 1988, with assets down 33.9% from a year before. Its loans were $10.8 million.
Is Citizens Bank and Trust profitable?
No: it lost $4.80 million from January 1 to December 31, 1988. Its return on assets was -24.09% a year; about 1% is typical.
Who owns Citizens Bank and Trust?
Citizens Bank and Trust is owned by Calvert Capital Corp, its holding company.
When did Citizens Bank and Trust fail?
Mar 9, 1989. First State Bank of Bremond, TX took over its deposits. The estimated cost of the failure was $5.33 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.