First National Bank of Garland
Garland, TX
$9.4M
total assets, December 31, 1989
$9.4M
total assets, December 31, 1989
First National Bank of Garland was a national bank in Garland, TX. It failed on Mar 29, 1990, and State Bank Of Texas took over its deposits. At its last report it held $9.39 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1989
This bank failed
- Failed on
- Mar 29, 1990
- Assets
- $9.4M
- Deposits
- $10.1M
- Estimated cost
- $2.3M
- Deposits went to
- State Bank Of Texas, Dallas, TX
Total assets
$9.4M
-33.0% in a year · -14.4% in a quarter
Deposits
$10.1M
-23.9% in a year · -5.2% in a quarter
Loans
$5.6M
-30.2% in a year · -14.9% in a quarter
Profit so far
-$1.5M
Jan 1 to Dec 31, 1989
Capital ratio
-7.58%
-12.37 pts in a year
Return on assets
-12.32%
-8.98 pts in a year
Facts
- Type
- National bank
- Head office
- 508 West I-30 At Belt Line, Garland, TX, 75041
- County
- Dallas
- Established
- Aug 5, 1982
- Failed
- Mar 29, 1990
- Employees
- 16
- Id
- b24014
Quarter by quarter
March 31, 1984 to December 31, 1989
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 of Garland?
$9.39 million in total assets and $10.1 million in deposits as of December 31, 1989, with assets down 33.0% from a year before. Its loans were $5.65 million.
Is First National Bank of Garland profitable?
No: it lost $1.46 million from January 1 to December 31, 1989. Its return on assets was -12.32% a year; about 1% is typical.
When did First National Bank of Garland fail?
Mar 29, 1990. State Bank Of Texas of Dallas, TX took over its deposits. The estimated cost of the failure was $2.31 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.