First American Bank and Trust of Manvel
Manvel, TX · Owner: First American Bancshares Inc
$12.3M
total assets, December 31, 1987
$12.3M
total assets, December 31, 1987
First American Bank and Trust of Manvel was a state member bank in Manvel, TX, owned by First American Bancshares Inc. It failed on Mar 10, 1988, and First National Bank Of A took over its deposits. At its last report it held $12.3 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1987
This bank failed
- Failed on
- Mar 10, 1988
- Assets
- $12.3M
- Deposits
- $11.7M
- Estimated cost
- $3.5M
- Deposits went to
- First National Bank Of A, Alvin, TX
Total assets
$12.3M
-14.0% in a year · -8.5% in a quarter
Deposits
$11.7M
-10.4% in a year · -9.5% in a quarter
Loans
$9.0M
-18.0% in a year · -13.4% in a quarter
Profit so far
-$1.1M
Jan 1 to Dec 31, 1987
Capital ratio
0.24%
-7.42 pts in a year
Return on assets
-7.90%
-7.51 pts in a year
Facts
- Type
- State member bank
- Head office
- 20102 Highway 6, Manvel, TX, 77578
- County
- Brazoria
- Holding company
- First American Bancshares Inc
- Established
- Oct 5, 1981
- Failed
- Mar 10, 1988
- Employees
- 10
- Id
- b23547
Quarter by quarter
March 31, 1984 to December 31, 1987
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 First American Bank and Trust of Manvel?
$12.3 million in total assets and $11.7 million in deposits as of December 31, 1987, with assets down 14.0% from a year before. Its loans were $9.05 million.
Is First American Bank and Trust of Manvel profitable?
No: it lost $1.10 million from January 1 to December 31, 1987. Its return on assets was -7.90% a year; about 1% is typical.
Who owns First American Bank and Trust of Manvel?
First American Bank and Trust of Manvel is owned by First American Bancshares Inc, its holding company.
When did First American Bank and Trust of Manvel fail?
Mar 10, 1988. First National Bank Of A of Alvin, TX took over its deposits. The estimated cost of the failure was $3.52 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.