The First National Bank in Rhome
Rhome, TX
$9.2M
total assets, September 30, 1987
$9.2M
total assets, September 30, 1987
The First National Bank in Rhome was a national bank in Rhome, TX. It failed on Dec 10, 1987, and Continental State Bank took over its deposits. At its last report it held $9.24 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1987
This bank failed
- Failed on
- Dec 10, 1987
- Assets
- $9.2M
- Deposits
- $9.3M
- Estimated cost
- $1.9M
- Deposits went to
- Continental State Bank, Boyd, TX
Total assets
$9.2M
-12.0% in a year · +2.0% in a quarter
Deposits
$9.3M
-9.9% in a year · +2.2% in a quarter
Loans
$5.7M
-17.0% in a year · -2.3% in a quarter
Profit so far
-$64K
Jan 1 to Sep 30, 1987
Capital ratio
-1.40%
-2.01 pts in a year
Return on assets
-0.90%
+1.94 pts in a year
Facts
- Type
- National bank
- Head office
- Highway 81-287, Rhome, TX, 76078
- County
- Wise
- Established
- Jan 1, 1914
- Failed
- Dec 10, 1987
- Employees
- 12
- Id
- b3406
Quarter by quarter
March 31, 1984 to September 30, 1987
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 First National Bank in Rhome?
$9.24 million in total assets and $9.34 million in deposits as of September 30, 1987, with assets down 12.0% from a year before. Its loans were $5.74 million.
Is The First National Bank in Rhome profitable?
No: it lost $64,000 from January 1 to September 30, 1987. Its return on assets was -0.90% a year; about 1% is typical.
When did The First National Bank in Rhome fail?
Dec 10, 1987. Continental State Bank of Boyd, TX took over its deposits. The estimated cost of the failure was $1.92 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.