$8.0M
total assets, March 31, 1989
Hobby Community Bank was a state nonmember bank in Houston, TX. It failed on Jun 29, 1989, and Iola State Bank took over its deposits. At its last report it held $8.01 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1989
This bank failed
- Failed on
- Jun 29, 1989
- Assets
- $8.0M
- Deposits
- $8.5M
- Estimated cost
- $3.3M
- Deposits went to
- Iola State Bank, Iola, TX
Total assets
$8.0M
-43.0% in a year · -12.6% in a quarter
Deposits
$8.5M
-34.4% in a year · -8.9% in a quarter
Loans
$6.4M
-38.9% in a year · -7.9% in a quarter
Profit so far
-$292K
Jan 1 to Mar 31, 1989
Capital ratio
-6.24%
-14.57 pts in a year
Return on assets
-13.60%
-0.98 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 10600 Telephone Road, Houston, TX, 77075
- County
- Harris
- Established
- Jun 2, 1987
- Failed
- Jun 29, 1989
- Employees
- 13
- Id
- b26969
Quarter by quarter
June 30, 1987 to March 31, 1989
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 8
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Hobby Community Bank?
$8.01 million in total assets and $8.48 million in deposits as of March 31, 1989, with assets down 43.0% from a year before. Its loans were $6.37 million.
Is Hobby Community Bank profitable?
No: it lost $292,000 from January 1 to March 31, 1989. Its return on assets was -13.60% a year; about 1% is typical.
When did Hobby Community Bank fail?
Jun 29, 1989. Iola State Bank of Iola, TX took over its deposits. The estimated cost of the failure was $3.34 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.