First City, Texas - Midland, National Association
Midland, TX · Owner: First City Bcorp of Texas Inc
$313M
total assets, September 30, 1992
$313M
total assets, September 30, 1992
First City, Texas - Midland, National Association was a national bank in Midland, TX, owned by First City Bcorp of Texas Inc. It failed on Oct 30, 1992, and Texas Commerce Bancshares took over its deposits. At its last report it held $313.1 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1992
This bank failed
- Failed on
- Oct 30, 1992
- Assets
- $313M
- Deposits
- $290M
- Estimated cost
- $0
- Deposits went to
- Texas Commerce Bancshares, Houston, TX
- Rescued on
- Apr 20, 1988
- Assets
- $361M
- Deposits
- $313M
- Estimated cost
- $16.8M
- How
- First City, Texas - Midland, Midland, TX
It also received outside help once before.
Total assets
$313M
-20.7% in a year · -5.9% in a quarter
Deposits
$290M
-19.5% in a year · -5.7% in a quarter
Loans
$214M
+15.8% in a year · -7.3% in a quarter
Profit so far
$523K
Jan 1 to Sep 30, 1992 · -85.3% in a year
Capital ratio
6.38%
+0.87 pts in a year
Return on assets
0.20%
-0.93 pts in a year
Facts
- Type
- National bank
- Head office
- 500 West Texas Avenue, Midland, TX, 79701
- County
- Midland
- Holding company
- First City Bcorp of Texas Inc
- Established
- Jul 3, 1903
- Failed
- Oct 30, 1992
- Employees
- 131
- Id
- b3344
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 - Midland, National Association?
$313.1 million in total assets and $290.0 million in deposits as of September 30, 1992, with assets down 20.7% from a year before. Its loans were $214.1 million.
Is First City, Texas - Midland, National Association profitable?
Yes: it earned $523,000 from January 1 to September 30, 1992 (down 85.3% from the same months a year before). Its return on assets was 0.20% a year; about 1% is typical.
Who owns First City, Texas - Midland, National Association?
First City, Texas - Midland, National Association is owned by First City Bcorp of Texas Inc, its holding company.
When did First City, Texas - Midland, National Association fail?
Oct 30, 1992. Texas Commerce Bancshares of Houston, 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.