$24.5M
total assets, March 31, 1988
First National Bank was a national bank in Sherman, TX. It failed on Jun 30, 1988, and First NB Of Van Alstyne took over its deposits. At its last report it held $24.5 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1988
This bank failed
- Failed on
- Jun 30, 1988
- Assets
- $24.5M
- Deposits
- $24.2M
- Estimated cost
- $6.0M
- Deposits went to
- First NB Of Van Alstyne, Van Alstyne, TX
Total assets
$24.5M
-35.3% in a year · -13.8% in a quarter
Deposits
$24.2M
-31.8% in a year · -10.2% in a quarter
Loans
$19.4M
-38.1% in a year · -12.8% in a quarter
Profit so far
-$1.4M
Jan 1 to Mar 31, 1988
Capital ratio
-9.92%
-12.10 pts in a year
Return on assets
-20.76%
-12.00 pts in a year
Facts
- Type
- National bank
- Head office
- 500 North Sam Rayburn Freeway, Sherman, TX, 75090
- County
- Grayson
- Established
- Jan 24, 1980
- Failed
- Jun 30, 1988
- Employees
- 26
- Id
- b23056
Quarter by quarter
March 31, 1984 to March 31, 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?
$24.5 million in total assets and $24.2 million in deposits as of March 31, 1988, with assets down 35.3% from a year before. Its loans were $19.4 million.
Is First National Bank profitable?
No: it lost $1.37 million from January 1 to March 31, 1988. Its return on assets was -20.76% a year; about 1% is typical.
When did First National Bank fail?
Jun 30, 1988. First NB Of Van Alstyne of Van Alstyne, TX took over its deposits. The estimated cost of the failure was $5.98 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.