$19.3M
total assets, December 31, 1988
Security Bank was a state nonmember bank in Houston, TX. It failed on Feb 16, 1989, and Texas Commerce Bank, N.a. took over its deposits. At its last report it held $19.3 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1988
This bank failed
- Failed on
- Feb 16, 1989
- Assets
- $19.3M
- Deposits
- $19.2M
- Estimated cost
- $5.1M
- Deposits went to
- Texas Commerce Bank, N.a., Houston, TX
Total assets
$19.3M
+17.5% in a year · -30.5% in a quarter
Deposits
$19.2M
+14.3% in a year · -30.4% in a quarter
Loans
$10.4M
+4.0% in a year · -34.3% in a quarter
Profit so far
-$1.4M
Jan 1 to Dec 31, 1988
Capital ratio
-2.23%
+0.86 pts in a year
Return on assets
-5.00%
+1.60 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 4610 South Wayside Drive, Houston, TX, 77233
- County
- Harris
- Established
- Jul 31, 1975
- Failed
- Feb 16, 1989
- Employees
- 24
- Id
- b22078
Quarter by quarter
March 31, 1984 to December 31, 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 Security Bank?
$19.3 million in total assets and $19.2 million in deposits as of December 31, 1988, with assets up 17.5% from a year before. Its loans were $10.4 million.
Is Security Bank profitable?
No: it lost $1.37 million from January 1 to December 31, 1988. Its return on assets was -5.00% a year; about 1% is typical.
When did Security Bank fail?
Feb 16, 1989. Texas Commerce Bank, N.a. of Houston, TX took over its deposits. The estimated cost of the failure was $5.07 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.