First City Bank
New Orleans, LA · Owner: First City Bancshares Inc
$56.1M
total assets, March 31, 1991
$56.1M
total assets, March 31, 1991
First City Bank was a state nonmember bank in New Orleans, LA, owned by First City Bancshares Inc. It failed on May 17, 1991, and First Bank And Trust took over its deposits. At its last report it held $56.1 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1991
This bank failed
- Failed on
- May 17, 1991
- Assets
- $56.1M
- Deposits
- $56.5M
- Estimated cost
- $10.4M
- Deposits went to
- First Bank And Trust, New Orleans, LA
Total assets
$56.1M
-18.8% in a year · -3.1% in a quarter
Deposits
$56.5M
-15.6% in a year · -2.5% in a quarter
Loans
$34.9M
-18.3% in a year · -7.8% in a quarter
Profit so far
-$162K
Jan 1 to Mar 31, 1991 · -165.1% in a year
Capital ratio
-1.71%
-3.21 pts in a year
Return on assets
-1.14%
-2.60 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 935 Common Street, New Orleans, LA, 70160
- County
- Orleans
- Holding company
- First City Bancshares Inc
- Established
- Aug 1, 1977
- Failed
- May 17, 1991
- Employees
- 19
- Id
- b22504
Quarter by quarter
March 31, 1984 to March 31, 1991
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 City Bank?
$56.1 million in total assets and $56.5 million in deposits as of March 31, 1991, with assets down 18.8% from a year before. Its loans were $34.9 million.
Is First City Bank profitable?
No: it lost $162,000 from January 1 to March 31, 1991. Its return on assets was -1.14% a year; about 1% is typical.
Who owns First City Bank?
First City Bank is owned by First City Bancshares Inc, its holding company.
When did First City Bank fail?
May 17, 1991. First Bank And Trust of New Orleans, LA took over its deposits. The estimated cost of the failure was $10.4 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.