Independent Bank - East, National Association
Rockwall, TX · Owner: Independent Cmty Finl Corporat
$40.6M
total assets, March 31, 1989
$40.6M
total assets, March 31, 1989
Independent Bank - East, National Association was a national bank in Rockwall, TX, owned by Independent Cmty Finl Corporat. It failed on Jun 30, 1989, and American National Bank Of T took over its deposits. At its last report it held $40.6 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1989
This bank failed
- Failed on
- Jun 30, 1989
- Assets
- $40.6M
- Deposits
- $35.8M
- Estimated cost
- $14.5M
- Deposits went to
- American National Bank Of T, Terrell, TX
Total assets
$40.6M
+39.5% in a year · +2.7% in a quarter
Deposits
$35.8M
+43.0% in a year · +0.8% in a quarter
Loans
$29.0M
+38.4% in a year · -2.8% in a quarter
Profit so far
-$123K
Jan 1 to Mar 31, 1989 · -524.1% in a year
Capital ratio
4.36%
-1.90 pts in a year
Return on assets
-1.23%
-1.63 pts in a year
Facts
- Type
- National bank
- Head office
- 2255 Ridge Road, Rockwall, TX, 75087
- County
- Rockwall
- Holding company
- Independent Cmty Finl Corporat
- Established
- Jul 13, 1973
- Failed
- Jun 30, 1989
- Employees
- 30
- Id
- b21155
Quarter by quarter
March 31, 1984 to March 31, 1989
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 Independent Bank - East, National Association?
$40.6 million in total assets and $35.8 million in deposits as of March 31, 1989, with assets up 39.5% from a year before. Its loans were $29.0 million.
Is Independent Bank - East, National Association profitable?
No: it lost $123,000 from January 1 to March 31, 1989. Its return on assets was -1.23% a year; about 1% is typical.
Who owns Independent Bank - East, National Association?
Independent Bank - East, National Association is owned by Independent Cmty Finl Corporat, its holding company.
When did Independent Bank - East, National Association fail?
Jun 30, 1989. American National Bank Of T of Terrell, TX took over its deposits. The estimated cost of the failure was $14.5 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.