First Federal Savings Bank of West Texas
Lubbock, TX
$224M
total assets, September 30, 1991
$224M
total assets, September 30, 1991
First Federal Savings Bank of West Texas was a savings bank in Lubbock, TX. It failed on Oct 11, 1991, and First NB Of Lubbock took over its deposits. At its last report it held $223.7 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1991
This bank failed
- Failed on
- Oct 11, 1991
- Assets
- $224M
- Deposits
- $222M
- Estimated cost
- $5.2M
- Deposits went to
- First NB Of Lubbock, Lubbock, TX
Total assets
$224M
-2.3% in a year · +1.6% in a quarter
Deposits
$222M
-0.2% in a year · +1.8% in a quarter
Loans
$133M
-5.7% in a year · -3.5% in a quarter
Profit so far
$366K
Jan 1 to Sep 30, 1991
Capital ratio
-0.34%
+0.28 pts in a year
Return on assets
0.22%
+0.30 pts in a year
Facts
- Type
- Savings bank
- Head office
- 1300 Broadway Street, Lubbock, TX, 79401
- County
- Lubbock
- Established
- Oct 1, 1934
- Failed
- Oct 11, 1991
- Employees
- 95
- Id
- b29191
Quarter by quarter
March 31, 1984 to September 30, 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 Federal Savings Bank of West Texas?
$223.7 million in total assets and $222.5 million in deposits as of September 30, 1991, with assets down 2.3% from a year before. Its loans were $132.6 million.
Is First Federal Savings Bank of West Texas profitable?
Yes: it earned $366,000 from January 1 to September 30, 1991. Its return on assets was 0.22% a year; about 1% is typical.
When did First Federal Savings Bank of West Texas fail?
Oct 11, 1991. First NB Of Lubbock of Lubbock, TX took over its deposits. The estimated cost of the failure was $5.15 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.