First Continental National Bank
Houston, TX · Owner: First Western Bancshares Inc
$9.0M
total assets, September 30, 1988
$9.0M
total assets, September 30, 1988
First Continental National Bank was a national bank in Houston, TX, owned by First Western Bancshares Inc. It failed on Feb 15, 1989, and its insured deposits were paid out. At its last report it held $9.04 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1988
This bank failed
- Failed on
- Feb 15, 1989
- Assets
- $9.0M
- Deposits
- $8.5M
- Estimated cost
- $2.1M
- Deposits went to
- payout
Total assets
$9.0M
-10.8% in a year · -11.6% in a quarter
Deposits
$8.5M
-6.3% in a year · -10.3% in a quarter
Loans
$6.1M
-12.1% in a year · -13.4% in a quarter
Profit so far
-$522K
Jan 1 to Sep 30, 1988
Capital ratio
3.58%
-4.96 pts in a year
Return on assets
-6.98%
+0.96 pts in a year
Facts
- Type
- National bank
- Head office
- 18111 Katy Freeway, Houston, TX, 77218
- County
- Harris
- Holding company
- First Western Bancshares Inc
- Established
- Feb 14, 1983
- Failed
- Feb 15, 1989
- Employees
- 7
- Id
- b24359
Quarter by quarter
March 31, 1984 to September 30, 1988
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 Continental National Bank?
$9.04 million in total assets and $8.54 million in deposits as of September 30, 1988, with assets down 10.8% from a year before. Its loans were $6.06 million.
Is First Continental National Bank profitable?
No: it lost $522,000 from January 1 to September 30, 1988. Its return on assets was -6.98% a year; about 1% is typical.
Who owns First Continental National Bank?
First Continental National Bank is owned by First Western Bancshares Inc, its holding company.
When did First Continental National Bank fail?
Feb 15, 1989. The estimated cost of the failure was $2.09 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.