Commercial Bank and Trust Company
Metairie, LA · Owner: First Coml Bancshares Inc
$58.8M
total assets, June 30, 1988
$58.8M
total assets, June 30, 1988
Commercial Bank and Trust Company was a state nonmember bank in Metairie, LA, owned by First Coml Bancshares Inc. It failed on Oct 20, 1988, and Pontchartrain State Bank took over its deposits. At its last report it held $58.8 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1988
This bank failed
- Failed on
- Oct 20, 1988
- Assets
- $58.8M
- Deposits
- $56.4M
- Estimated cost
- $13.2M
- Deposits went to
- Pontchartrain State Bank, Metairie, LA
Total assets
$58.8M
-8.2% in a year · +0.5% in a quarter
Deposits
$56.4M
-5.8% in a year · +0.9% in a quarter
Loans
$38.5M
-18.0% in a year · -6.1% in a quarter
Profit so far
-$1.2M
Jan 1 to Jun 30, 1988
Capital ratio
1.22%
-2.01 pts in a year
Return on assets
-4.06%
+1.30 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 3420 Severn Avenue, Metairie, LA, 70010
- County
- Jefferson
- Holding company
- First Coml Bancshares Inc
- Established
- Mar 1, 1973
- Failed
- Oct 20, 1988
- Employees
- 48
- Id
- b20941
Quarter by quarter
March 31, 1984 to June 30, 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 Commercial Bank and Trust Company?
$58.8 million in total assets and $56.4 million in deposits as of June 30, 1988, with assets down 8.2% from a year before. Its loans were $38.5 million.
Is Commercial Bank and Trust Company profitable?
No: it lost $1.22 million from January 1 to June 30, 1988. Its return on assets was -4.06% a year; about 1% is typical.
Who owns Commercial Bank and Trust Company?
Commercial Bank and Trust Company is owned by First Coml Bancshares Inc, its holding company.
When did Commercial Bank and Trust Company fail?
Oct 20, 1988. Pontchartrain State Bank of Metairie, LA took over its deposits. The estimated cost of the failure was $13.2 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.