The First State Bank
Abilene, TX · Owner: Independent Bankshares Inc
$273M
total assets, December 31, 1988
$273M
total assets, December 31, 1988
The First State Bank was a state member bank in Abilene, TX, owned by Independent Bankshares Inc. It failed on Feb 17, 1989, and NCNB Texas National Bank took over its deposits. At its last report it held $272.7 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1988
This bank failed
- Failed on
- Feb 17, 1989
- Assets
- $273M
- Deposits
- $207M
- Estimated cost
- $85.7M
- Deposits went to
- NCNB Texas National Bank, Dallas, TX
Total assets
$273M
-29.2% in a year · -1.7% in a quarter
Deposits
$207M
-30.3% in a year · -0.7% in a quarter
Loans
$182M
-24.0% in a year · -2.2% in a quarter
Profit so far
-$22.9M
Jan 1 to Dec 31, 1988
Capital ratio
-6.48%
-8.48 pts in a year
Return on assets
-7.30%
-4.11 pts in a year
Facts
- Type
- State member bank
- Head office
- 400 Block Oak And Chestnut, Abilene, TX, 79604
- County
- Taylor
- Holding company
- Independent Bankshares Inc
- Established
- Nov 18, 1948
- Failed
- Feb 17, 1989
- Employees
- 210
- Id
- b16751
Quarter by quarter
March 31, 1984 to December 31, 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 State Bank?
$272.7 million in total assets and $206.6 million in deposits as of December 31, 1988, with assets down 29.2% from a year before. Its loans were $182.0 million.
Is The First State Bank profitable?
No: it lost $22.9 million from January 1 to December 31, 1988. Its return on assets was -7.30% a year; about 1% is typical.
Who owns The First State Bank?
The First State Bank is owned by Independent Bankshares Inc, its holding company.
When did The First State Bank fail?
Feb 17, 1989. NCNB Texas National Bank of Dallas, TX took over its deposits. The estimated cost of the failure was $85.7 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.