The First State Bank
Rockwall, TX · Owner: First Rockwall Bancshares Inc
$39.9M
total assets, March 31, 1988
$39.9M
total assets, March 31, 1988
The First State Bank was a state nonmember bank in Rockwall, TX, owned by First Rockwall Bancshares Inc. It failed on May 26, 1988, and Community Bank took over its deposits. At its last report it held $39.9 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1988
This bank failed
- Failed on
- May 26, 1988
- Assets
- $39.9M
- Deposits
- $39.7M
- Estimated cost
- $14.8M
- Deposits went to
- Community Bank, Rockwall, TX
Total assets
$39.9M
-13.3% in a year · -3.4% in a quarter
Deposits
$39.7M
-6.8% in a year · +3.3% in a quarter
Loans
$29.5M
-13.1% in a year · -9.2% in a quarter
Profit so far
-$2.6M
Jan 1 to Mar 31, 1988
Capital ratio
-0.74%
-6.39 pts in a year
Return on assets
-26.05%
-25.64 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 201 East Kaufman Street, Rockwall, TX, 75087
- County
- Rockwall
- Holding company
- First Rockwall Bancshares Inc
- Established
- Sep 2, 1942
- Failed
- May 26, 1988
- Employees
- 33
- Id
- b15909
Quarter by quarter
March 31, 1984 to March 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?
$39.9 million in total assets and $39.7 million in deposits as of March 31, 1988, with assets down 13.3% from a year before. Its loans were $29.5 million.
Is The First State Bank profitable?
No: it lost $2.64 million from January 1 to March 31, 1988. Its return on assets was -26.05% a year; about 1% is typical.
Who owns The First State Bank?
The First State Bank is owned by First Rockwall Bancshares Inc, its holding company.
When did The First State Bank fail?
May 26, 1988. Community Bank of Rockwall, TX took over its deposits. The estimated cost of the failure was $14.8 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.