New Ulm State Bank
New Ulm, TX · Owner: New Ulm Financial Corp
$12.0M
total assets, March 31, 1989
$12.0M
total assets, March 31, 1989
New Ulm State Bank was a state nonmember bank in New Ulm, TX, owned by New Ulm Financial Corp. It failed on Jun 29, 1989, and Industry State Bank took over its deposits. At its last report it held $12.0 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1989
This bank failed
- Failed on
- Jun 29, 1989
- Assets
- $12.0M
- Deposits
- $11.8M
- Estimated cost
- $3.0M
- Deposits went to
- Industry State Bank, Industry, TX
Total assets
$12.0M
-12.9% in a year · -4.5% in a quarter
Deposits
$11.8M
-7.7% in a year · -1.9% in a quarter
Loans
$7.1M
-17.0% in a year · -2.4% in a quarter
Profit so far
-$332K
Jan 1 to Mar 31, 1989 · -8400.0% in a year
Capital ratio
0.19%
-5.81 pts in a year
Return on assets
-10.84%
-10.96 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Houston Street And Fm 109, New Ulm, TX, 78950
- County
- Austin
- Holding company
- New Ulm Financial Corp
- Established
- Mar 1, 1906
- Failed
- Jun 29, 1989
- Employees
- 10
- Id
- b11926
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 New Ulm State Bank?
$12.0 million in total assets and $11.8 million in deposits as of March 31, 1989, with assets down 12.9% from a year before. Its loans were $7.15 million.
Is New Ulm State Bank profitable?
No: it lost $332,000 from January 1 to March 31, 1989. Its return on assets was -10.84% a year; about 1% is typical.
Who owns New Ulm State Bank?
New Ulm State Bank is owned by New Ulm Financial Corp, its holding company.
When did New Ulm State Bank fail?
Jun 29, 1989. Industry State Bank of Industry, TX took over its deposits. The estimated cost of the failure was $2.96 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.