$122M
total assets, September 30, 1988
Merchants State Bank was a state nonmember bank in Dallas, TX. It failed on Jan 19, 1989, and Grand Bank took over its deposits. At its last report it held $122.0 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1988
This bank failed
- Failed on
- Jan 19, 1989
- Assets
- $122M
- Deposits
- $125M
- Estimated cost
- $21.0M
- Deposits went to
- Grand Bank, Dallas, TX
Total assets
$122M
-22.8% in a year · -8.7% in a quarter
Deposits
$125M
-13.9% in a year · -4.7% in a quarter
Loans
$57.3M
-29.2% in a year · -9.4% in a quarter
Profit so far
-$4.3M
Jan 1 to Sep 30, 1988 · -1202.8% in a year
Capital ratio
-3.28%
-7.23 pts in a year
Return on assets
-4.23%
-4.69 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 5217 Ross Avenue, Dallas, TX, 75206
- County
- Dallas
- Established
- Jan 9, 1946
- Failed
- Jan 19, 1989
- Employees
- 83
- Id
- b16374
Quarter by quarter
March 31, 1984 to September 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 Merchants State Bank?
$122.0 million in total assets and $124.6 million in deposits as of September 30, 1988, with assets down 22.8% from a year before. Its loans were $57.3 million.
Is Merchants State Bank profitable?
No: it lost $4.31 million from January 1 to September 30, 1988. Its return on assets was -4.23% a year; about 1% is typical.
When did Merchants State Bank fail?
Jan 19, 1989. Grand Bank of Dallas, TX took over its deposits. The estimated cost of the failure was $21.0 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.