Security Bank and Trust Company
Wharton, TX · Owner: Wharton Capital Corp
$34.8M
total assets, March 31, 1989
$34.8M
total assets, March 31, 1989
Security Bank and Trust Company was a state nonmember bank in Wharton, TX, owned by Wharton Capital Corp. It failed on May 18, 1989, and The First National Bank Of took over its deposits. At its last report it held $34.8 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1989
This bank failed
- Failed on
- May 18, 1989
- Assets
- $34.8M
- Deposits
- $37.1M
- Estimated cost
- $9.4M
- Deposits went to
- The First National Bank Of, El Campo, TX
Total assets
$34.8M
-20.0% in a year · -10.4% in a quarter
Deposits
$37.1M
-10.9% in a year · -8.6% in a quarter
Loans
$22.3M
-25.2% in a year · -4.3% in a quarter
Profit so far
-$473K
Jan 1 to Mar 31, 1989
Capital ratio
-7.50%
-10.50 pts in a year
Return on assets
-5.14%
-4.77 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 112 North Fulton Street, Wharton, TX, 77488
- County
- Wharton
- Holding company
- Wharton Capital Corp
- Established
- Jan 1, 1916
- Failed
- May 18, 1989
- Employees
- 23
- Id
- b1220
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 Security Bank and Trust Company?
$34.8 million in total assets and $37.1 million in deposits as of March 31, 1989, with assets down 20.0% from a year before. Its loans were $22.3 million.
Is Security Bank and Trust Company profitable?
No: it lost $473,000 from January 1 to March 31, 1989. Its return on assets was -5.14% a year; about 1% is typical.
Who owns Security Bank and Trust Company?
Security Bank and Trust Company is owned by Wharton Capital Corp, its holding company.
When did Security Bank and Trust Company fail?
May 18, 1989. The First National Bank Of of El Campo, TX took over its deposits. The estimated cost of the failure was $9.38 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.