Galena Park State Bank
Galena Park, TX
$24.8M
total assets, June 30, 1988
$24.8M
total assets, June 30, 1988
Galena Park State Bank was a state nonmember bank in Galena Park, TX. It failed on Aug 11, 1988, and Lockwood NB Of Houston took over its deposits. At its last report it held $24.8 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1988
This bank failed
- Failed on
- Aug 11, 1988
- Assets
- $24.8M
- Deposits
- $28.9M
- Estimated cost
- $7.2M
- Deposits went to
- Lockwood NB Of Houston, Houston, TX
Total assets
$24.8M
-27.6% in a year · -25.8% in a quarter
Deposits
$28.9M
-7.1% in a year · -7.1% in a quarter
Loans
$18.5M
-21.6% in a year · -20.5% in a quarter
Profit so far
-$6.4M
Jan 1 to Jun 30, 1988 · -10654.1% in a year
Capital ratio
-12.81%
-21.31 pts in a year
Return on assets
-42.54%
-42.89 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 1515 Clinton Drive, Galena Park, TX, 77547
- County
- Harris
- Established
- Jul 11, 1943
- Failed
- Aug 11, 1988
- Employees
- 25
- Id
- b16077
Quarter by quarter
March 31, 1984 to June 30, 1988
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 Galena Park State Bank?
$24.8 million in total assets and $28.9 million in deposits as of June 30, 1988, with assets down 27.6% from a year before. Its loans were $18.5 million.
Is Galena Park State Bank profitable?
No: it lost $6.44 million from January 1 to June 30, 1988. Its return on assets was -42.54% a year; about 1% is typical.
When did Galena Park State Bank fail?
Aug 11, 1988. Lockwood NB Of Houston of Houston, TX took over its deposits. The estimated cost of the failure was $7.19 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.