$15.9M
total assets, March 31, 1991
First Security Bank was a state member bank in Roanoke, VA. It failed on May 24, 1991, and First Century Bank took over its deposits. At its last report it held $15.9 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1991
This bank failed
- Failed on
- May 24, 1991
- Assets
- $15.9M
- Deposits
- $15.0M
- Estimated cost
- $4.5M
- Deposits went to
- First Century Bank, Roanoke, VA
Total assets
$15.9M
+4.1% in a year · -7.7% in a quarter
Deposits
$15.0M
+13.4% in a year · -7.8% in a quarter
Loans
$13.0M
+15.8% in a year · -0.4% in a quarter
Profit so far
-$84K
Jan 1 to Mar 31, 1991
Capital ratio
0.74%
-10.08 pts in a year
Return on assets
-2.03%
-0.72 pts in a year
Facts
- Type
- State member bank
- Head office
- 5002 Williamson Road, Roanoke, VA, 24012
- County
- Roanoke City
- Established
- Nov 15, 1988
- Failed
- May 24, 1991
- Employees
- 12
- Id
- b27380
Quarter by quarter
December 31, 1988 to March 31, 1991
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 10
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First Security Bank?
$15.9 million in total assets and $15.0 million in deposits as of March 31, 1991, with assets up 4.1% from a year before. Its loans were $13.0 million.
Is First Security Bank profitable?
No: it lost $84,000 from January 1 to March 31, 1991. Its return on assets was -2.03% a year; about 1% is typical.
When did First Security Bank fail?
May 24, 1991. First Century Bank of Roanoke, VA took over its deposits. The estimated cost of the failure was $4.46 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.