The Kerens Bank
Kerens, TX · Owner: Kerens Financial Inc
$19.5M
total assets, March 31, 1991
$19.5M
total assets, March 31, 1991
The Kerens Bank was a state nonmember bank in Kerens, TX, owned by Kerens Financial Inc. It failed on Jul 25, 1991, and Cedar Creek Bank took over its deposits. At its last report it held $19.5 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1991
This bank failed
- Failed on
- Jul 25, 1991
- Assets
- $19.5M
- Deposits
- $19.8M
- Estimated cost
- $5.1M
- Deposits went to
- Cedar Creek Bank, Seven Points, TX
Total assets
$19.5M
-17.8% in a year · -7.8% in a quarter
Deposits
$19.8M
-10.8% in a year · -4.0% in a quarter
Loans
$11.2M
-27.7% in a year · -13.1% in a quarter
Profit so far
-$774K
Jan 1 to Mar 31, 1991 · -2769.0% in a year
Capital ratio
-2.32%
-7.45 pts in a year
Return on assets
-15.20%
-15.68 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 1101 Northwest Second, Kerens, TX, 75144
- County
- Navarro
- Holding company
- Kerens Financial Inc
- Established
- Jan 1, 1900
- Failed
- Jul 25, 1991
- Employees
- 14
- Id
- b3283
Quarter by quarter
March 31, 1984 to March 31, 1991
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 Kerens Bank?
$19.5 million in total assets and $19.8 million in deposits as of March 31, 1991, with assets down 17.8% from a year before. Its loans were $11.2 million.
Is The Kerens Bank profitable?
No: it lost $774,000 from January 1 to March 31, 1991. Its return on assets was -15.20% a year; about 1% is typical.
Who owns The Kerens Bank?
The Kerens Bank is owned by Kerens Financial Inc, its holding company.
When did The Kerens Bank fail?
Jul 25, 1991. Cedar Creek Bank of Seven Points, TX took over its deposits. The estimated cost of the failure was $5.13 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.