The First State Bank
Forgan, OK · Owner: High Plains Bcorp Inc
$11.7M
total assets, March 31, 1989
$11.7M
total assets, March 31, 1989
The First State Bank was a state nonmember bank in Forgan, OK, owned by High Plains Bcorp Inc. It failed on May 31, 1989, and The Bank Of Beaver City took over its deposits. At its last report it held $11.7 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1989
This bank failed
- Failed on
- May 31, 1989
- Assets
- $11.7M
- Deposits
- $11.1M
- Estimated cost
- $365K
- Deposits went to
- The Bank Of Beaver City, Beaver, OK
Total assets
$11.7M
-8.2% in a year · +5.5% in a quarter
Deposits
$11.1M
-6.6% in a year · +6.0% in a quarter
Loans
$5.4M
-18.4% in a year · -8.1% in a quarter
Profit so far
$0
Jan 1 to Mar 31, 1989 · -100.0% in a year
Capital ratio
1.64%
-4.84 pts in a year
Return on assets
0.00%
-0.55 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Main Street, Forgan, OK, 73938
- County
- Beaver
- Holding company
- High Plains Bcorp Inc
- Established
- Jan 1, 1912
- Failed
- May 31, 1989
- Employees
- 8
- Id
- b6012
Quarter by quarter
March 31, 1984 to March 31, 1989
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?
$11.7 million in total assets and $11.1 million in deposits as of March 31, 1989, with assets down 8.2% from a year before. Its loans were $5.45 million.
Is The First State Bank profitable?
Yes: it earned $0 from January 1 to March 31, 1989 (down 100.0% from the same months a year before). Its return on assets was 0.00% a year; about 1% is typical.
Who owns The First State Bank?
The First State Bank is owned by High Plains Bcorp Inc, its holding company.
When did The First State Bank fail?
May 31, 1989. The Bank Of Beaver City of Beaver, OK took over its deposits. The estimated cost of the failure was $364,930.
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.