Westheimer Memorial Bank, National Association
Houston, TX
$38.9M
total assets, September 30, 1989
$38.9M
total assets, September 30, 1989
Westheimer Memorial Bank, National Association was a national bank in Houston, TX. It failed on Dec 7, 1989, and Hibernia National Bank In T took over its deposits. At its last report it held $38.9 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1989
This bank failed
- Failed on
- Dec 7, 1989
- Assets
- $38.9M
- Deposits
- $47.7M
- Estimated cost
- $20.1M
- Deposits went to
- Hibernia National Bank In T, Pflugerville, TX
Total assets
$38.9M
-6.4% in a year · -28.0% in a quarter
Deposits
$47.7M
+21.7% in a year · -4.7% in a quarter
Loans
$37.4M
+6.0% in a year · -24.8% in a quarter
Profit so far
-$11.3M
Jan 1 to Sep 30, 1989
Capital ratio
-18.00%
-22.83 pts in a year
Return on assets
-30.68%
-29.64 pts in a year
Facts
- Type
- National bank
- Head office
- 1500 South Dairy-Ashford, Houston, TX, 77244
- County
- Harris
- Established
- Sep 17, 1984
- Failed
- Dec 8, 1989
- Employees
- 22
- Id
- b25674
Quarter by quarter
September 30, 1984 to September 30, 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 Westheimer Memorial Bank, National Association?
$38.9 million in total assets and $47.7 million in deposits as of September 30, 1989, with assets down 6.4% from a year before. Its loans were $37.4 million.
Is Westheimer Memorial Bank, National Association profitable?
No: it lost $11.3 million from January 1 to September 30, 1989. Its return on assets was -30.68% a year; about 1% is typical.
When did Westheimer Memorial Bank, National Association fail?
Dec 7, 1989. Hibernia National Bank In T of Pflugerville, TX took over its deposits. The estimated cost of the failure was $20.1 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.