Security National Bank of Midland
Midland, TX
$8.6M
total assets, December 31, 1986
$8.6M
total assets, December 31, 1986
Security National Bank of Midland was a national bank in Midland, TX. It failed on Feb 12, 1987, and its insured deposits were paid out. At its last report it held $8.64 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1986
This bank failed
- Failed on
- Feb 12, 1987
- Assets
- $8.6M
- Deposits
- $8.8M
- Estimated cost
- $3.7M
- Deposits went to
- payout
Total assets
$8.6M
-29.5% in a year · -2.2% in a quarter
Deposits
$8.8M
-26.4% in a year · -2.4% in a quarter
Loans
$5.3M
-30.1% in a year · -10.4% in a quarter
Profit so far
-$417K
Jan 1 to Dec 31, 1986
Capital ratio
-2.61%
-4.18 pts in a year
Return on assets
-4.00%
-1.69 pts in a year
Facts
- Type
- National bank
- Head office
- 4500 North Midkill Road, Midland, TX, 79703
- County
- Midland
- Established
- Aug 9, 1982
- Failed
- Feb 12, 1987
- Employees
- 13
- Id
- b24039
Quarter by quarter
March 31, 1984 to December 31, 1986
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 of Midland?
$8.64 million in total assets and $8.81 million in deposits as of December 31, 1986, with assets down 29.5% from a year before. Its loans were $5.26 million.
Is Security National Bank of Midland profitable?
No: it lost $417,000 from January 1 to December 31, 1986. Its return on assets was -4.00% a year; about 1% is typical.
When did Security National Bank of Midland fail?
Feb 12, 1987. The estimated cost of the failure was $3.71 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.