First City National Bank and Trust Company
New York City, NY
$39.5M
total assets, September 30, 1989
$39.5M
total assets, September 30, 1989
First City National Bank and Trust Company was a national bank in New York City, NY. It failed on Dec 20, 1989, and its insured deposits were paid out. At its last report it held $39.5 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1989
This bank failed
- Failed on
- Dec 20, 1989
- Assets
- $39.5M
- Deposits
- $38.2M
- Estimated cost
- $10.8M
- Deposits went to
- payout
Total assets
$39.5M
-20.4% in a year · -7.7% in a quarter
Deposits
$38.2M
-25.3% in a year · -11.9% in a quarter
Loans
$31.2M
-32.4% in a year · -4.1% in a quarter
Profit so far
-$1.4M
Jan 1 to Sep 30, 1989
Capital ratio
2.76%
+6.09 pts in a year
Return on assets
-4.17%
+13.33 pts in a year
Facts
- Type
- National bank
- Head office
- 50 Madison Avenue, New York City, NY, 10010
- County
- New York
- Established
- Oct 11, 1986
- Failed
- Dec 20, 1989
- Employees
- 27
- Id
- b26814
Quarter by quarter
December 31, 1986 to September 30, 1989
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 National Bank and Trust Company?
$39.5 million in total assets and $38.2 million in deposits as of September 30, 1989, with assets down 20.4% from a year before. Its loans were $31.2 million.
Is First City National Bank and Trust Company profitable?
No: it lost $1.38 million from January 1 to September 30, 1989. Its return on assets was -4.17% a year; about 1% is typical.
When did First City National Bank and Trust Company fail?
Dec 20, 1989. The estimated cost of the failure was $10.8 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.