The Farmers & Merchants State Bank
Ballinger, TX
$22.5M
total assets, December 31, 1988
$22.5M
total assets, December 31, 1988
The Farmers & Merchants State Bank was a state nonmember bank in Ballinger, TX. It failed on Mar 16, 1989, and The First National Bank Of took over its deposits. At its last report it held $22.5 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1988
This bank failed
- Failed on
- Mar 16, 1989
- Assets
- $22.5M
- Deposits
- $22.0M
- Estimated cost
- $2.1M
- Deposits went to
- The First National Bank Of, Rotan, TX
Total assets
$22.5M
-18.6% in a year · +1.0% in a quarter
Deposits
$22.0M
-16.3% in a year · +1.4% in a quarter
Loans
$8.8M
-27.8% in a year · -5.9% in a quarter
Profit so far
-$927K
Jan 1 to Dec 31, 1988
Capital ratio
1.45%
-3.10 pts in a year
Return on assets
-3.70%
-1.89 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 901 Hutchings Avenue, Ballinger, TX, 76821
- County
- Runnels
- Established
- Jan 1, 1909
- Failed
- Mar 16, 1989
- Employees
- 19
- Id
- b11893
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 The Farmers & Merchants State Bank?
$22.5 million in total assets and $22.0 million in deposits as of December 31, 1988, with assets down 18.6% from a year before. Its loans were $8.77 million.
Is The Farmers & Merchants State Bank profitable?
No: it lost $927,000 from January 1 to December 31, 1988. Its return on assets was -3.70% a year; about 1% is typical.
When did The Farmers & Merchants State Bank fail?
Mar 16, 1989. The First National Bank Of of Rotan, TX took over its deposits. The estimated cost of the failure was $2.12 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.