First City, Texas - Corpus Christi
Corpus Christi, TX · Owner: First City Bcorp of Texas Inc
$463M
total assets, September 30, 1992
$463M
total assets, September 30, 1992
First City, Texas - Corpus Christi was a state member bank in Corpus Christi, TX, owned by First City Bcorp of Texas Inc. It failed on Oct 30, 1992, and Mercantile Bank, Na took over its deposits. At its last report it held $462.8 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1992
This bank failed
- Failed on
- Oct 30, 1992
- Assets
- $463M
- Deposits
- $383M
- Estimated cost
- $0
- Deposits went to
- Mercantile Bank, Na, Brownsville, TX
- Rescued on
- Apr 20, 1988
- Assets
- $442M
- Deposits
- $312M
- Estimated cost
- $6.1M
- How
- First City, Texas - Corpus, Corpus Christi, TX
It also received outside help once before.
Total assets
$463M
-15.9% in a year · +1.6% in a quarter
Deposits
$383M
-19.4% in a year · -1.6% in a quarter
Loans
$249M
-1.3% in a year · +2.1% in a quarter
Profit so far
-$1.4M
Jan 1 to Sep 30, 1992
Capital ratio
8.71%
+2.23 pts in a year
Return on assets
-0.38%
-0.20 pts in a year
Facts
- Type
- State member bank
- Head office
- 615 North Upper Broadway, Corpus Christi, TX, 78401
- County
- Nueces
- Holding company
- First City Bcorp of Texas Inc
- Established
- Jul 12, 1973
- Failed
- Oct 30, 1992
- Employees
- 223
- Id
- b21190
Quarter by quarter
March 31, 1984 to September 30, 1992
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, Texas - Corpus Christi?
$462.8 million in total assets and $383.4 million in deposits as of September 30, 1992, with assets down 15.9% from a year before. Its loans were $249.4 million.
Is First City, Texas - Corpus Christi profitable?
No: it lost $1.45 million from January 1 to September 30, 1992. Its return on assets was -0.38% a year; about 1% is typical.
Who owns First City, Texas - Corpus Christi?
First City, Texas - Corpus Christi is owned by First City Bcorp of Texas Inc, its holding company.
When did First City, Texas - Corpus Christi fail?
Oct 30, 1992. Mercantile Bank, Na of Brownsville, TX took over its deposits.
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.