Red Oak State Bank
Red Oak, TX · Owner: Red Oak Bancshares Inc
$44.4M
total assets, March 31, 1987
$44.4M
total assets, March 31, 1987
Red Oak State Bank was a state nonmember bank in Red Oak, TX, owned by Red Oak Bancshares Inc. It failed on Jul 9, 1987, and Red Oak State Bank took over its deposits. At its last report it held $44.4 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1987
This bank failed
- Failed on
- Jul 9, 1987
- Assets
- $44.4M
- Deposits
- $42.5M
- Estimated cost
- $6.6M
- Deposits went to
- Red Oak State Bank, Red Oak, TX
Total assets
$44.4M
+0.7% in a year · -1.6% in a quarter
Deposits
$42.5M
+5.3% in a year · -0.9% in a quarter
Loans
$31.7M
+3.2% in a year · -1.8% in a quarter
Profit so far
-$19K
Jan 1 to Mar 31, 1987 · -132.8% in a year
Capital ratio
3.02%
-3.18 pts in a year
Return on assets
-0.17%
-0.69 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Ovilla Road And Interstate 35, Red Oak, TX, 75154
- County
- Ellis
- Holding company
- Red Oak Bancshares Inc
- Established
- Feb 1, 1913
- Failed
- Jul 9, 1987
- Employees
- 33
- Id
- b9972
Quarter by quarter
March 31, 1984 to March 31, 1987
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 Red Oak State Bank?
$44.4 million in total assets and $42.5 million in deposits as of March 31, 1987, with assets up 0.7% from a year before. Its loans were $31.7 million.
Is Red Oak State Bank profitable?
No: it lost $19,000 from January 1 to March 31, 1987. Its return on assets was -0.17% a year; about 1% is typical.
Who owns Red Oak State Bank?
Red Oak State Bank is owned by Red Oak Bancshares Inc, its holding company.
When did Red Oak State Bank fail?
Jul 9, 1987. Red Oak State Bank of Red Oak, TX took over its deposits. The estimated cost of the failure was $6.63 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.