First Bank
Balch Springs, TX · Owner: Central Banc Holding Inc
$46.2M
total assets, June 30, 1988
$46.2M
total assets, June 30, 1988
First Bank was a state nonmember bank in Balch Springs, TX, owned by Central Banc Holding Inc. It failed on Aug 11, 1988, and Gateway National Bank took over its deposits. At its last report it held $46.2 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1988
This bank failed
- Failed on
- Aug 11, 1988
- Assets
- $46.2M
- Deposits
- $46.1M
- Estimated cost
- $5.2M
- Deposits went to
- Gateway National Bank, Dallas, TX
Total assets
$46.2M
-16.0% in a year · -4.8% in a quarter
Deposits
$46.1M
-11.0% in a year · -1.1% in a quarter
Loans
$26.6M
+3.2% in a year · +12.4% in a quarter
Profit so far
-$1.7M
Jan 1 to Jun 30, 1988 · -697.9% in a year
Capital ratio
-0.19%
-5.25 pts in a year
Return on assets
-7.23%
-8.20 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 3636 Shepherd Lane, Balch Springs, TX, 75149
- County
- Dallas
- Holding company
- Central Banc Holding Inc
- Established
- Apr 4, 1974
- Failed
- Aug 11, 1988
- Employees
- 38
- Id
- b21508
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 First Bank?
$46.2 million in total assets and $46.1 million in deposits as of June 30, 1988, with assets down 16.0% from a year before. Its loans were $26.6 million.
Is First Bank profitable?
No: it lost $1.72 million from January 1 to June 30, 1988. Its return on assets was -7.23% a year; about 1% is typical.
Who owns First Bank?
First Bank is owned by Central Banc Holding Inc, its holding company.
When did First Bank fail?
Aug 11, 1988. Gateway National Bank of Dallas, TX took over its deposits. The estimated cost of the failure was $5.15 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.