$35.8M
total assets, September 30, 1985
First City Bank was a state nonmember bank in Glendale, CA. It failed on Dec 20, 1985, and Sterling Bank took over its deposits. At its last report it held $35.8 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1985
This bank failed
- Failed on
- Dec 20, 1985
- Assets
- $35.8M
- Deposits
- $28.8M
- Estimated cost
- $5.9M
- Deposits went to
- Sterling Bank, Los Angeles, CA
Total assets
$35.8M
+46.9% in a year · 0.0% in a quarter
Deposits
$28.8M
+28.1% in a year · 0.0% in a quarter
Loans
$19.7M
+37.4% in a year · 0.0% in a quarter
Profit so far
-$912K
Jan 1 to Sep 30, 1985
Capital ratio
0.99%
-6.48 pts in a year
Return on assets
-3.12%
+2.30 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 1000 North Central Avenue, Glendale, CA, 91202
- County
- Los Angeles
- Established
- Aug 11, 1978
- Failed
- Dec 20, 1985
- Employees
- 25
- Id
- b22698
Quarter by quarter
March 31, 1984 to September 30, 1985
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 7
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First City Bank?
$35.8 million in total assets and $28.8 million in deposits as of September 30, 1985, with assets up 46.9% from a year before. Its loans were $19.7 million.
Is First City Bank profitable?
No: it lost $912,000 from January 1 to September 30, 1985. Its return on assets was -3.12% a year; about 1% is typical.
When did First City Bank fail?
Dec 20, 1985. Sterling Bank of Los Angeles, CA took over its deposits. The estimated cost of the failure was $5.90 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.