$6.5M
total assets, December 31, 1989
The Red River Bank was a state nonmember bank in Red River, NM. It failed on Feb 23, 1990, and Centinel Bank Of Taos took over its deposits. At its last report it held $6.53 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1989
This bank failed
- Failed on
- Feb 23, 1990
- Assets
- $6.5M
- Deposits
- $6.5M
- Estimated cost
- $2.1M
- Deposits went to
- Centinel Bank Of Taos, Taos, NM
Total assets
$6.5M
-20.2% in a year · +3.3% in a quarter
Deposits
$6.5M
-12.7% in a year · +4.2% in a quarter
Loans
$4.0M
-32.2% in a year · -10.4% in a quarter
Profit so far
-$704K
Jan 1 to Dec 31, 1989
Capital ratio
-0.78%
-8.77 pts in a year
Return on assets
-9.79%
-7.75 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Main And Jumping Jack Trail, Red River, NM, 87558
- County
- Taos
- Established
- Nov 1, 1983
- Failed
- Feb 23, 1990
- Employees
- 5
- Id
- b24752
Quarter by quarter
March 31, 1984 to December 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 Red River Bank?
$6.53 million in total assets and $6.55 million in deposits as of December 31, 1989, with assets down 20.2% from a year before. Its loans were $3.96 million.
Is The Red River Bank profitable?
No: it lost $704,000 from January 1 to December 31, 1989. Its return on assets was -9.79% a year; about 1% is typical.
When did The Red River Bank fail?
Feb 23, 1990. Centinel Bank Of Taos of Taos, NM took over its deposits. The estimated cost of the failure was $2.13 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.