First State Bank
Bangs, TX · Owner: Bangs Bancshares Inc
$16.5M
total assets, September 30, 1991
$16.5M
total assets, September 30, 1991
First State Bank was a state nonmember bank in Bangs, TX, owned by Bangs Bancshares Inc. It failed on Jan 23, 1992, and Texas Bank took over its deposits. At its last report it held $16.5 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1991
This bank failed
- Failed on
- Jan 23, 1992
- Assets
- $16.5M
- Deposits
- $16.4M
- Estimated cost
- $3.0M
- Deposits went to
- Texas Bank, Brownwood, TX
Total assets
$16.5M
-4.0% in a year · 0.0% in a quarter
Deposits
$16.4M
-2.4% in a year · +1.4% in a quarter
Loans
$9.8M
-15.8% in a year · -3.3% in a quarter
Profit so far
-$267K
Jan 1 to Sep 30, 1991
Capital ratio
-0.02%
-1.56 pts in a year
Return on assets
-2.17%
+0.46 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Highway 67, Bangs, TX, 76823
- County
- Brown
- Holding company
- Bangs Bancshares Inc
- Established
- Jan 1, 1906
- Failed
- Jan 23, 1992
- Employees
- 13
- Id
- b11138
Quarter by quarter
March 31, 1984 to September 30, 1991
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 State Bank?
$16.5 million in total assets and $16.4 million in deposits as of September 30, 1991, with assets down 4.0% from a year before. Its loans were $9.80 million.
Is First State Bank profitable?
No: it lost $267,000 from January 1 to September 30, 1991. Its return on assets was -2.17% a year; about 1% is typical.
Who owns First State Bank?
First State Bank is owned by Bangs Bancshares Inc, its holding company.
When did First State Bank fail?
Jan 23, 1992. Texas Bank of Brownwood, TX took over its deposits. The estimated cost of the failure was $2.98 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.