The First National Bank of Gorman
Gorman, TX
$14.5M
total assets, December 31, 1985
$14.5M
total assets, December 31, 1985
The First National Bank of Gorman was a national bank in Gorman, TX. It failed on Feb 27, 1986, and Citizens State Bank took over its deposits. At its last report it held $14.5 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1985
This bank failed
- Failed on
- Feb 27, 1986
- Assets
- $14.5M
- Deposits
- $13.6M
- Estimated cost
- $5.7M
- Deposits went to
- Citizens State Bank, Gorman, TX
Total assets
$14.5M
-21.4% in a year · -3.1% in a quarter
Deposits
$13.6M
-21.8% in a year · -2.1% in a quarter
Loans
$10.0M
-17.1% in a year · -10.7% in a quarter
Profit so far
-$337K
Jan 1 to Dec 31, 1985
Capital ratio
1.98%
-1.74 pts in a year
Return on assets
-2.11%
+2.86 pts in a year
Facts
- Type
- National bank
- Head office
- Main Street, Gorman, TX, 76454
- County
- Eastland
- Established
- Jan 1, 1900
- Failed
- Feb 27, 1986
- Employees
- 15
- Id
- b3224
Quarter by quarter
March 31, 1984 to December 31, 1985
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 8
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is The First National Bank of Gorman?
$14.5 million in total assets and $13.6 million in deposits as of December 31, 1985, with assets down 21.4% from a year before. Its loans were $9.96 million.
Is The First National Bank of Gorman profitable?
No: it lost $337,000 from January 1 to December 31, 1985. Its return on assets was -2.11% a year; about 1% is typical.
When did The First National Bank of Gorman fail?
Feb 27, 1986. Citizens State Bank of Gorman, TX took over its deposits. The estimated cost of the failure was $5.67 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.