First State Bank of Bovina
Bovina, TX · Owner: Parmer County Financial Corp
$20.1M
total assets, June 30, 1987
$20.1M
total assets, June 30, 1987
First State Bank of Bovina was a state nonmember bank in Bovina, TX, owned by Parmer County Financial Corp. It failed on Oct 22, 1987, and First Bank Of Muleshoe took over its deposits. At its last report it held $20.1 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1987
This bank failed
- Failed on
- Oct 22, 1987
- Assets
- $20.1M
- Deposits
- $17.4M
- Estimated cost
- $0
- Deposits went to
- First Bank Of Muleshoe, Muleshoe, TX
Total assets
$20.1M
+10.4% in a year · +3.9% in a quarter
Deposits
$17.4M
+9.4% in a year · +6.1% in a quarter
Loans
$10.8M
-6.3% in a year · -2.7% in a quarter
Profit so far
$80K
Jan 1 to Jun 30, 1987 · -74.0% in a year
Capital ratio
8.51%
-2.28 pts in a year
Return on assets
0.78%
-2.42 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 115 Third Street, Bovina, TX, 79009
- County
- Parmer
- Holding company
- Parmer County Financial Corp
- Established
- Oct 26, 1955
- Failed
- Oct 22, 1987
- Employees
- 8
- Id
- b17510
Quarter by quarter
March 31, 1984 to June 30, 1987
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 Bovina?
$20.1 million in total assets and $17.4 million in deposits as of June 30, 1987, with assets up 10.4% from a year before. Its loans were $10.8 million.
Is First State Bank of Bovina profitable?
Yes: it earned $80,000 from January 1 to June 30, 1987 (down 74.0% from the same months a year before). Its return on assets was 0.78% a year; about 1% is typical.
Who owns First State Bank of Bovina?
First State Bank of Bovina is owned by Parmer County Financial Corp, its holding company.
When did First State Bank of Bovina fail?
Oct 22, 1987. First Bank Of Muleshoe of Muleshoe, TX took over its deposits.
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.