$7.5M
total assets, March 31, 1989
Lake Country National Bank was a national bank in Burnet, TX. It failed on Jun 8, 1989, and Lake Buchanan State Bank took over its deposits. At its last report it held $7.54 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1989
This bank failed
- Failed on
- Jun 8, 1989
- Assets
- $7.5M
- Deposits
- $8.4M
- Estimated cost
- $1.7M
- Deposits went to
- Lake Buchanan State Bank, Buchanan Dam, TX
Total assets
$7.5M
-30.7% in a year · -14.3% in a quarter
Deposits
$8.4M
-22.4% in a year · -11.6% in a quarter
Loans
$4.0M
-41.1% in a year · -18.1% in a quarter
Profit so far
-$129K
Jan 1 to Mar 31, 1989
Capital ratio
-11.01%
-11.26 pts in a year
Return on assets
-6.32%
-6.28 pts in a year
Facts
- Type
- National bank
- Head office
- 1003 Buchanan Drive, Burnet, TX, 78611
- County
- Burnet
- Established
- May 17, 1983
- Failed
- Jun 8, 1989
- Employees
- 7
- Id
- b24542
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 Lake Country National Bank?
$7.54 million in total assets and $8.36 million in deposits as of March 31, 1989, with assets down 30.7% from a year before. Its loans were $4.02 million.
Is Lake Country National Bank profitable?
No: it lost $129,000 from January 1 to March 31, 1989. Its return on assets was -6.32% a year; about 1% is typical.
When did Lake Country National Bank fail?
Jun 8, 1989. Lake Buchanan State Bank of Buchanan Dam, TX took over its deposits. The estimated cost of the failure was $1.65 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.