The First National Bank of Gracemont
Gracemont, OK · Owner: Gracemont Bankcorporation Inc
$6.6M
total assets, September 30, 1988
$6.6M
total assets, September 30, 1988
The First National Bank of Gracemont was a national bank in Gracemont, OK, owned by Gracemont Bankcorporation Inc. It failed on Nov 10, 1988, and First State Bank took over its deposits. At its last report it held $6.57 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1988
This bank failed
- Failed on
- Nov 10, 1988
- Assets
- $6.6M
- Deposits
- $6.8M
- Estimated cost
- $1.0M
- Deposits went to
- First State Bank, Anadarko, OK
Total assets
$6.6M
-20.0% in a year · -8.2% in a quarter
Deposits
$6.8M
-10.6% in a year · -3.8% in a quarter
Loans
$3.7M
-24.5% in a year · -10.1% in a quarter
Profit so far
-$490K
Jan 1 to Sep 30, 1988
Capital ratio
-5.34%
-9.17 pts in a year
Return on assets
-9.10%
-5.70 pts in a year
Facts
- Type
- National bank
- Head office
- Main Street, Gracemont, OK, 73042
- County
- Caddo
- Holding company
- Gracemont Bankcorporation Inc
- Established
- Jan 1, 1906
- Failed
- Nov 10, 1988
- Employees
- 5
- Id
- b4103
Quarter by quarter
March 31, 1984 to September 30, 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 First National Bank of Gracemont?
$6.57 million in total assets and $6.84 million in deposits as of September 30, 1988, with assets down 20.0% from a year before. Its loans were $3.70 million.
Is The First National Bank of Gracemont profitable?
No: it lost $490,000 from January 1 to September 30, 1988. Its return on assets was -9.10% a year; about 1% is typical.
Who owns The First National Bank of Gracemont?
The First National Bank of Gracemont is owned by Gracemont Bankcorporation Inc, its holding company.
When did The First National Bank of Gracemont fail?
Nov 10, 1988. First State Bank of Anadarko, OK took over its deposits. The estimated cost of the failure was $1.04 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.