$10.8M
total assets, December 31, 1989
Security National Bank was a national bank in Elgin, TX. It failed on Apr 19, 1990, and Elgin Bank Of Texas took over its deposits. At its last report it held $10.8 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1989
This bank failed
- Failed on
- Apr 19, 1990
- Assets
- $10.8M
- Deposits
- $10.7M
- Estimated cost
- $2.4M
- Deposits went to
- Elgin Bank Of Texas, Elgin, TX
Total assets
$10.8M
-3.4% in a year · -2.7% in a quarter
Deposits
$10.7M
-2.4% in a year · -2.6% in a quarter
Loans
$6.8M
-17.4% in a year · -5.4% in a quarter
Profit so far
-$131K
Jan 1 to Dec 31, 1989
Capital ratio
0.40%
-1.17 pts in a year
Return on assets
-1.18%
+3.13 pts in a year
Facts
- Type
- National bank
- Head office
- 1212 Highway 290, Elgin, TX, 78621
- County
- Bastrop
- Established
- Jan 3, 1984
- Failed
- Apr 19, 1990
- Employees
- 10
- Id
- b24915
Quarter by quarter
March 31, 1984 to December 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 National Bank?
$10.8 million in total assets and $10.7 million in deposits as of December 31, 1989, with assets down 3.4% from a year before. Its loans were $6.79 million.
Is Security National Bank profitable?
No: it lost $131,000 from January 1 to December 31, 1989. Its return on assets was -1.18% a year; about 1% is typical.
When did Security National Bank fail?
Apr 19, 1990. Elgin Bank Of Texas of Elgin, TX took over its deposits. The estimated cost of the failure was $2.35 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.