First National Bank in Center
Center, TX · Owner: Center Bancshares Inc
$26.1M
total assets, September 30, 1988
$26.1M
total assets, September 30, 1988
First National Bank in Center was a national bank in Center, TX, owned by Center Bancshares Inc. It failed on Dec 15, 1988, and Citizens Bank took over its deposits. At its last report it held $26.1 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1988
This bank failed
- Failed on
- Dec 15, 1988
- Assets
- $26.1M
- Deposits
- $26.1M
- Estimated cost
- $5.5M
- Deposits went to
- Citizens Bank, Kilgore, TX
Total assets
$26.1M
-19.1% in a year · -6.5% in a quarter
Deposits
$26.1M
-14.2% in a year · -6.2% in a quarter
Loans
$15.5M
-23.6% in a year · -7.0% in a quarter
Profit so far
-$199K
Jan 1 to Sep 30, 1988
Capital ratio
-1.49%
-5.34 pts in a year
Return on assets
-0.92%
+3.90 pts in a year
Facts
- Type
- National bank
- Head office
- Austin Street, Center, TX, 75933
- County
- Shelby
- Holding company
- Center Bancshares Inc
- Established
- Jan 1, 1910
- Failed
- Dec 15, 1988
- Employees
- 20
- Id
- b17654
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 National Bank in Center?
$26.1 million in total assets and $26.1 million in deposits as of September 30, 1988, with assets down 19.1% from a year before. Its loans were $15.5 million.
Is First National Bank in Center profitable?
No: it lost $199,000 from January 1 to September 30, 1988. Its return on assets was -0.92% a year; about 1% is typical.
Who owns First National Bank in Center?
First National Bank in Center is owned by Center Bancshares Inc, its holding company.
When did First National Bank in Center fail?
Dec 15, 1988. Citizens Bank of Kilgore, TX took over its deposits. The estimated cost of the failure was $5.55 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.