Cove State Bank
Copperas Cove, TX · Owner: Copperas Cove Bancshares Inc
$37.3M
total assets, December 31, 1989
$37.3M
total assets, December 31, 1989
Cove State Bank was a state nonmember bank in Copperas Cove, TX, owned by Copperas Cove Bancshares Inc. It failed on Apr 19, 1990, and The National Bank Of Gatesv took over its deposits. At its last report it held $37.3 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1989
This bank failed
- Failed on
- Apr 19, 1990
- Assets
- $37.3M
- Deposits
- $37.5M
- Estimated cost
- $6.0M
- Deposits went to
- The National Bank Of Gatesv, Gatesville, TX
Total assets
$37.3M
-13.8% in a year · -6.2% in a quarter
Deposits
$37.5M
-9.5% in a year · -1.1% in a quarter
Loans
$22.7M
-15.2% in a year · -12.3% in a quarter
Profit so far
-$2.1M
Jan 1 to Dec 31, 1989
Capital ratio
-1.54%
-4.95 pts in a year
Return on assets
-5.11%
-3.33 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 408 South Main Street, Copperas Cove, TX, 76522
- County
- Coryell
- Holding company
- Copperas Cove Bancshares Inc
- Established
- Nov 21, 1959
- Failed
- Apr 19, 1990
- Employees
- 35
- Id
- b18110
Quarter by quarter
March 31, 1984 to December 31, 1989
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 Cove State Bank?
$37.3 million in total assets and $37.5 million in deposits as of December 31, 1989, with assets down 13.8% from a year before. Its loans were $22.7 million.
Is Cove State Bank profitable?
No: it lost $2.09 million from January 1 to December 31, 1989. Its return on assets was -5.11% a year; about 1% is typical.
Who owns Cove State Bank?
Cove State Bank is owned by Copperas Cove Bancshares Inc, its holding company.
When did Cove State Bank fail?
Apr 19, 1990. The National Bank Of Gatesv of Gatesville, TX took over its deposits. The estimated cost of the failure was $6.02 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.