$30.6M
total assets, March 31, 1987
First Bank of Saginaw was a state nonmember bank in Saginaw, TX. It failed on Apr 16, 1987, and Southwest Bank took over its deposits. At its last report it held $30.6 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1987
This bank failed
- Failed on
- Apr 16, 1987
- Assets
- $30.6M
- Deposits
- $29.9M
- Estimated cost
- $8.3M
- Deposits went to
- Southwest Bank, Fort Worth, TX
Total assets
$30.6M
-34.7% in a year · -0.1% in a quarter
Deposits
$29.9M
-32.4% in a year · +3.5% in a quarter
Loans
$18.1M
-31.6% in a year · -9.9% in a quarter
Profit so far
-$126K
Jan 1 to Mar 31, 1987
Capital ratio
1.43%
-1.89 pts in a year
Return on assets
-1.65%
-1.56 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 740 South Saginaw Boulevard, Saginaw, TX, 76179
- County
- Tarrant
- Established
- Jun 21, 1972
- Failed
- Apr 16, 1987
- Employees
- 29
- Id
- b20724
Quarter by quarter
March 31, 1984 to March 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 Bank of Saginaw?
$30.6 million in total assets and $29.9 million in deposits as of March 31, 1987, with assets down 34.7% from a year before. Its loans were $18.1 million.
Is First Bank of Saginaw profitable?
No: it lost $126,000 from January 1 to March 31, 1987. Its return on assets was -1.65% a year; about 1% is typical.
When did First Bank of Saginaw fail?
Apr 16, 1987. Southwest Bank of Fort Worth, TX took over its deposits. The estimated cost of the failure was $8.32 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.