Lexington State Bank
Lexington, TX · Owner: New Ulm Financial Corp
$13.8M
total assets, March 31, 1989
$13.8M
total assets, March 31, 1989
Lexington State Bank was a state nonmember bank in Lexington, TX, owned by New Ulm Financial Corp. It failed on May 11, 1989, and Central Bank Of Houston took over its deposits. At its last report it held $13.8 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1989
This bank failed
- Failed on
- May 11, 1989
- Assets
- $13.8M
- Deposits
- $13.9M
- Estimated cost
- $3.1M
- Deposits went to
- Central Bank Of Houston, Houston, TX
Total assets
$13.8M
-29.6% in a year · -23.0% in a quarter
Deposits
$13.9M
-24.3% in a year · -20.8% in a quarter
Loans
$7.3M
-26.3% in a year · -8.1% in a quarter
Profit so far
-$451K
Jan 1 to Mar 31, 1989 · -6542.9% in a year
Capital ratio
-1.23%
-6.99 pts in a year
Return on assets
-11.38%
-11.52 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Main Street, Lexington, TX, 78947
- County
- Lee
- Holding company
- New Ulm Financial Corp
- Established
- Jan 1, 1931
- Failed
- May 11, 1989
- Employees
- 9
- Id
- b11918
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 Lexington State Bank?
$13.8 million in total assets and $13.9 million in deposits as of March 31, 1989, with assets down 29.6% from a year before. Its loans were $7.28 million.
Is Lexington State Bank profitable?
No: it lost $451,000 from January 1 to March 31, 1989. Its return on assets was -11.38% a year; about 1% is typical.
Who owns Lexington State Bank?
Lexington State Bank is owned by New Ulm Financial Corp, its holding company.
When did Lexington State Bank fail?
May 11, 1989. Central Bank Of Houston of Houston, TX took over its deposits. The estimated cost of the failure was $3.07 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.