The First National Bank of the Panhandle
Panhandle, TX · Owner: Paladon Management Co Inc
$68.1M
total assets, March 31, 1996
$68.1M
total assets, March 31, 1996
The First National Bank of the Panhandle was a national bank in Panhandle, TX, owned by Paladon Management Co Inc. It failed on Jun 14, 1996, and Sun Bank took over its deposits. At its last report it held $68.1 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1996
This bank failed
- Failed on
- Jun 14, 1996
- Assets
- $68.1M
- Deposits
- $68.0M
- Estimated cost
- $16.3M
- Deposits went to
- Sun Bank, Sunray, TX
Total assets
$68.1M
-29.4% in a year · -14.1% in a quarter
Deposits
$68.0M
-22.8% in a year · -13.1% in a quarter
Loans
$47.9M
-32.5% in a year · -13.5% in a quarter
Profit so far
-$760K
Jan 1 to Mar 31, 1996 · -458.5% in a year
Capital ratio
-0.28%
-8.36 pts in a year
Return on assets
-4.12%
-5.01 pts in a year
Facts
- Type
- National bank
- Head office
- Third And Euclid Streets, Panhandle, TX, 79068
- County
- Carson
- Holding company
- Paladon Management Co Inc
- Established
- May 6, 1927
- Failed
- Jun 14, 1996
- Employees
- 35
- Branches
- 2
- Id
- b3382
Quarter by quarter
March 31, 1984 to March 31, 1996
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 the Panhandle?
$68.1 million in total assets and $68.0 million in deposits as of March 31, 1996, with assets down 29.4% from a year before. Its loans were $47.9 million.
How many branches does The First National Bank of the Panhandle have?
2 branches in Texas as of June 30, 2026.
Is The First National Bank of the Panhandle profitable?
No: it lost $760,000 from January 1 to March 31, 1996. Its return on assets was -4.12% a year; about 1% is typical.
Who owns The First National Bank of the Panhandle?
The First National Bank of the Panhandle is owned by Paladon Management Co Inc, its holding company.
When did The First National Bank of the Panhandle fail?
Jun 14, 1996. Sun Bank of Sunray, TX took over its deposits. The estimated cost of the failure was $16.3 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.