The First National Bank of Olney
Olney, TX
$16.7M
total assets, December 31, 1986
$16.7M
total assets, December 31, 1986
The First National Bank of Olney was a national bank in Olney, TX. It failed on Mar 12, 1987, and First National Bank Of O took over its deposits. At its last report it held $16.7 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1986
This bank failed
- Failed on
- Mar 12, 1987
- Assets
- $16.7M
- Deposits
- $17.3M
- Estimated cost
- $2.5M
- Deposits went to
- First National Bank Of O, Olney, TX
Total assets
$16.7M
-17.6% in a year · -3.2% in a quarter
Deposits
$17.3M
-10.4% in a year · -0.4% in a quarter
Loans
$11.4M
+1.9% in a year · +17.3% in a quarter
Profit so far
-$1.6M
Jan 1 to Dec 31, 1986
Capital ratio
-4.58%
-8.30 pts in a year
Return on assets
-8.56%
-1.82 pts in a year
Facts
- Type
- National bank
- Head office
- 307 West Main Street, Olney, TX, 76374
- County
- Young
- Established
- Oct 21, 1907
- Failed
- Mar 12, 1987
- Employees
- 21
- Id
- b3372
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 The First National Bank of Olney?
$16.7 million in total assets and $17.3 million in deposits as of December 31, 1986, with assets down 17.6% from a year before. Its loans were $11.4 million.
Is The First National Bank of Olney profitable?
No: it lost $1.55 million from January 1 to December 31, 1986. Its return on assets was -8.56% a year; about 1% is typical.
When did The First National Bank of Olney fail?
Mar 12, 1987. First National Bank Of O of Olney, TX took over its deposits. The estimated cost of the failure was $2.48 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.