The First National Bank of Weslaco
Weslaco, TX · Owner: Texas Valley Bancshares Inc
$70.7M
total assets, December 31, 1986
$70.7M
total assets, December 31, 1986
The First National Bank of Weslaco was a national bank in Weslaco, TX, owned by Texas Valley Bancshares Inc. It failed on Feb 20, 1987, and its insured deposits were paid out. At its last report it held $70.7 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1986
This bank failed
- Failed on
- Feb 20, 1987
- Assets
- $70.7M
- Deposits
- $73.2M
- Estimated cost
- $16.0M
- Deposits went to
- payout
Total assets
$70.7M
-18.1% in a year · -6.6% in a quarter
Deposits
$73.2M
-16.8% in a year · -5.8% in a quarter
Loans
$46.0M
-27.8% in a year · -5.4% in a quarter
Profit so far
-$1.6M
Jan 1 to Dec 31, 1986
Capital ratio
-4.01%
-1.53 pts in a year
Return on assets
-2.05%
+3.45 pts in a year
Facts
- Type
- National bank
- Head office
- 401 South Kansas, Weslaco, TX, 78596
- County
- Hidalgo
- Holding company
- Texas Valley Bancshares Inc
- Established
- Feb 1, 1925
- Failed
- Feb 20, 1987
- Employees
- 72
- Id
- b5579
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 Weslaco?
$70.7 million in total assets and $73.2 million in deposits as of December 31, 1986, with assets down 18.1% from a year before. Its loans were $46.0 million.
Is The First National Bank of Weslaco profitable?
No: it lost $1.62 million from January 1 to December 31, 1986. Its return on assets was -2.05% a year; about 1% is typical.
Who owns The First National Bank of Weslaco?
The First National Bank of Weslaco is owned by Texas Valley Bancshares Inc, its holding company.
When did The First National Bank of Weslaco fail?
Feb 20, 1987. The estimated cost of the failure was $16.0 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.