First National Bank Austin
Austin, TX · Owner: First of Austin Bancshares Inc
$26.0M
total assets, June 30, 1988
$26.0M
total assets, June 30, 1988
First National Bank Austin was a national bank in Austin, TX, owned by First of Austin Bancshares Inc. It failed on Aug 18, 1988, and First State Bank took over its deposits. At its last report it held $26.0 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1988
This bank failed
- Failed on
- Aug 18, 1988
- Assets
- $26.0M
- Deposits
- $27.2M
- Estimated cost
- $12.1M
- Deposits went to
- First State Bank, Austin, TX
Total assets
$26.0M
-11.2% in a year · -5.4% in a quarter
Deposits
$27.2M
-7.6% in a year · -4.1% in a quarter
Loans
$16.9M
-32.0% in a year · -7.3% in a quarter
Profit so far
-$521K
Jan 1 to Jun 30, 1988
Capital ratio
-5.25%
-4.15 pts in a year
Return on assets
-3.81%
+14.05 pts in a year
Facts
- Type
- National bank
- Head office
- 327 Congress Avenue, Austin, TX, 78701
- County
- Travis
- Holding company
- First of Austin Bancshares Inc
- Established
- Nov 30, 1984
- Failed
- Aug 18, 1988
- Employees
- 9
- Id
- b25811
Quarter by quarter
December 31, 1984 to June 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 National Bank Austin?
$26.0 million in total assets and $27.2 million in deposits as of June 30, 1988, with assets down 11.2% from a year before. Its loans were $16.9 million.
Is First National Bank Austin profitable?
No: it lost $521,000 from January 1 to June 30, 1988. Its return on assets was -3.81% a year; about 1% is typical.
Who owns First National Bank Austin?
First National Bank Austin is owned by First of Austin Bancshares Inc, its holding company.
When did First National Bank Austin fail?
Aug 18, 1988. First State Bank of Austin, TX took over its deposits. The estimated cost of the failure was $12.1 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.