First State Bank of Altus
Altus, OK · Owner: FSB Bcorp Inc
$90.9M
total assets, June 30, 2009
$90.9M
total assets, June 30, 2009
First State Bank of Altus was a state nonmember bank in Altus, OK, owned by FSB Bcorp Inc. It failed on Jul 31, 2009, and Herring Bank took over its deposits. At its last report it held $90.9 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2009
This bank failed
- Failed on
- Jul 31, 2009
- Assets
- $90.9M
- Deposits
- $98.2M
- Estimated cost
- $26.0M
- Deposits went to
- Herring Bank, Amarillo, TX
Total assets
$90.9M
-26.8% in a year · -13.8% in a quarter
Deposits
$98.2M
-11.7% in a year · -1.7% in a quarter
Loans
$70.3M
-21.4% in a year · -16.0% in a quarter
Profit so far
-$13.1M
Jan 1 to Jun 30, 2009
Capital ratio
-7.45%
-12.02 pts in a year
Return on assets
-26.12%
-20.02 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 721 North Main Street, Altus, OK, 73521
- County
- Jackson
- Holding company
- FSB Bcorp Inc
- Established
- Jan 1, 1909
- Failed
- Jul 31, 2009
- Employees
- 43
- Branches
- 2
- Id
- b9873
Quarter by quarter
March 31, 1984 to June 30, 2009
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 of Altus?
$90.9 million in total assets and $98.2 million in deposits as of June 30, 2009, with assets down 26.8% from a year before. Its loans were $70.3 million.
How many branches does First State Bank of Altus have?
2 branches in Oklahoma as of June 30, 2026.
Is First State Bank of Altus profitable?
No: it lost $13.1 million from January 1 to June 30, 2009. Its return on assets was -26.12% a year; about 1% is typical.
Who owns First State Bank of Altus?
First State Bank of Altus is owned by FSB Bcorp Inc, its holding company.
When did First State Bank of Altus fail?
Jul 31, 2009. Herring Bank of Amarillo, TX took over its deposits. The estimated cost of the failure was $26.0 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.