$8.3M
total assets, December 31, 1988
Westpoint National Bank was a national bank in San Antonio, TX. It failed on Feb 16, 1989, and The Frost National Bank Of took over its deposits. At its last report it held $8.25 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1988
This bank failed
- Failed on
- Feb 16, 1989
- Assets
- $8.3M
- Deposits
- $11.0M
- Estimated cost
- $5.8M
- Deposits went to
- The Frost National Bank Of, San Antonio, TX
Total assets
$8.3M
-51.3% in a year · -27.5% in a quarter
Deposits
$11.0M
-31.6% in a year · -7.6% in a quarter
Loans
$6.9M
-54.6% in a year · -26.7% in a quarter
Profit so far
-$3.6M
Jan 1 to Dec 31, 1988
Capital ratio
-26.84%
-30.28 pts in a year
Return on assets
-26.94%
-20.32 pts in a year
Facts
- Type
- National bank
- Head office
- 7200 Culebra Road, San Antonio, TX, 78227
- County
- Bexar
- Established
- Dec 3, 1984
- Failed
- Feb 16, 1989
- Employees
- 13
- Id
- b25812
Quarter by quarter
December 31, 1984 to December 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 Westpoint National Bank?
$8.25 million in total assets and $11.0 million in deposits as of December 31, 1988, with assets down 51.3% from a year before. Its loans were $6.89 million.
Is Westpoint National Bank profitable?
No: it lost $3.56 million from January 1 to December 31, 1988. Its return on assets was -26.94% a year; about 1% is typical.
When did Westpoint National Bank fail?
Feb 16, 1989. The Frost National Bank Of of San Antonio, TX took over its deposits. The estimated cost of the failure was $5.82 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.