First State Bank & Trust Company
Edinburg, TX · Owner: Rio Grande Bancshares Inc
$138M
total assets, March 31, 1986
$138M
total assets, March 31, 1986
First State Bank & Trust Company was a state nonmember bank in Edinburg, TX, owned by Rio Grande Bancshares Inc. It failed on May 23, 1986, and NBC Bank-edinburg took over its deposits. At its last report it held $137.9 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1986
This bank failed
- Failed on
- May 23, 1986
- Assets
- $138M
- Deposits
- $137M
- Estimated cost
- $21.7M
- Deposits went to
- NBC Bank-edinburg, Edinburg, TX
Total assets
$138M
-14.5% in a year · +2.5% in a quarter
Deposits
$137M
-7.7% in a year · +2.7% in a quarter
Loans
$63.3M
-5.4% in a year · -3.0% in a quarter
Profit so far
-$221K
Jan 1 to Mar 31, 1986 · -161.4% in a year
Capital ratio
-0.09%
-5.70 pts in a year
Return on assets
-0.65%
-1.61 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 100 East Cano Street, Edinburg, TX, 78539
- County
- Hidalgo
- Holding company
- Rio Grande Bancshares Inc
- Established
- Apr 9, 1945
- Failed
- May 28, 1986
- Employees
- 111
- Id
- b16382
Quarter by quarter
March 31, 1984 to March 31, 1986
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 9
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First State Bank & Trust Company?
$137.9 million in total assets and $137.0 million in deposits as of March 31, 1986, with assets down 14.5% from a year before. Its loans were $63.3 million.
Is First State Bank & Trust Company profitable?
No: it lost $221,000 from January 1 to March 31, 1986. Its return on assets was -0.65% a year; about 1% is typical.
Who owns First State Bank & Trust Company?
First State Bank & Trust Company is owned by Rio Grande Bancshares Inc, its holding company.
When did First State Bank & Trust Company fail?
May 23, 1986. NBC Bank-edinburg of Edinburg, TX took over its deposits. The estimated cost of the failure was $21.7 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.