First American Bank and Trust of Friendswood
Friendswood, TX · Owner: First American Bancshares Inc
$6.4M
total assets, December 31, 1987
$6.4M
total assets, December 31, 1987
First American Bank and Trust of Friendswood was a state member bank in Friendswood, TX, owned by First American Bancshares Inc. It failed on Mar 10, 1988, and its insured deposits were paid out. At its last report it held $6.35 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1987
This bank failed
- Failed on
- Mar 10, 1988
- Assets
- $6.4M
- Deposits
- $6.3M
- Estimated cost
- $2.3M
- Deposits went to
- payout
Total assets
$6.4M
-23.0% in a year · -12.3% in a quarter
Deposits
$6.3M
-11.0% in a year · -5.4% in a quarter
Loans
$5.4M
-17.9% in a year · -13.3% in a quarter
Profit so far
-$1.1M
Jan 1 to Dec 31, 1987
Capital ratio
0.21%
-13.99 pts in a year
Return on assets
-13.61%
-7.73 pts in a year
Facts
- Type
- State member bank
- Head office
- 3354 Fm 528, Friendswood, TX, 77546
- County
- Galveston
- Holding company
- First American Bancshares Inc
- Established
- Feb 3, 1986
- Failed
- Mar 10, 1988
- Employees
- 7
- Id
- b26546
Quarter by quarter
March 31, 1986 to December 31, 1987
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 8
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First American Bank and Trust of Friendswood?
$6.35 million in total assets and $6.29 million in deposits as of December 31, 1987, with assets down 23.0% from a year before. Its loans were $5.43 million.
Is First American Bank and Trust of Friendswood profitable?
No: it lost $1.08 million from January 1 to December 31, 1987. Its return on assets was -13.61% a year; about 1% is typical.
Who owns First American Bank and Trust of Friendswood?
First American Bank and Trust of Friendswood is owned by First American Bancshares Inc, its holding company.
When did First American Bank and Trust of Friendswood fail?
Mar 10, 1988. The estimated cost of the failure was $2.31 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.