Farmers State Bank of Schulenburg
Schulenburg, TX
$32.7M
total assets, December 31, 1989
$32.7M
total assets, December 31, 1989
Farmers State Bank of Schulenburg was a state nonmember bank in Schulenburg, TX. It failed on Mar 8, 1990, and First Bank took over its deposits. At its last report it held $32.7 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1989
This bank failed
- Failed on
- Mar 8, 1990
- Assets
- $32.7M
- Deposits
- $33.4M
- Estimated cost
- $6.7M
- Deposits went to
- First Bank, Navasota, TX
Total assets
$32.7M
-32.4% in a year · -16.7% in a quarter
Deposits
$33.4M
-27.5% in a year · -16.5% in a quarter
Loans
$26.0M
-18.0% in a year · -6.9% in a quarter
Profit so far
-$3.1M
Jan 1 to Dec 31, 1989
Capital ratio
-3.32%
-7.18 pts in a year
Return on assets
-7.38%
-4.72 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 707 Lyons Avenue, Schulenburg, TX, 78956
- County
- Fayette
- Established
- Jan 1, 1924
- Failed
- Mar 8, 1990
- Employees
- 19
- Id
- b18647
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 Farmers State Bank of Schulenburg?
$32.7 million in total assets and $33.4 million in deposits as of December 31, 1989, with assets down 32.4% from a year before. Its loans were $26.0 million.
Is Farmers State Bank of Schulenburg profitable?
No: it lost $3.13 million from January 1 to December 31, 1989. Its return on assets was -7.38% a year; about 1% is typical.
When did Farmers State Bank of Schulenburg fail?
Mar 8, 1990. First Bank of Navasota, TX took over its deposits. The estimated cost of the failure was $6.67 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.