The Graveyard › Banks › 1988

Burnet S&LA

Burnet · assisted December 29, 1988 · FDIC certificate 31797

Burnet S&LA of Burnet was given assistance by the FSLIC on December 29, 1988. The FDIC's list records an assistance transaction, not a closing. It opened in 1973, 15 years before. At its last report before that it held $28.1 million in assets and $27.4 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1988, it held $32.1 million. The FDIC estimates that the FSLIC's fund lost $11.5 million on it.

1984-031988-09

Assets at the end$28.1 millionlast report before December 29, 1988

Deposits at the end$27.4 million

Estimated loss to the fund$11.5 millionFSLIC

Largest in the quarterly reports$32.1 millionMarch 31, 1988

Equity to assets-18.1%September 30, 1988

Loans not being repaid23.4%noncurrent, September 30, 1988

Return on assets-7.91%a year's rate, September 30, 1988

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Also ended in 1988

American S&LA · Stockton · $30.2 billion in assets · assisted
First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
Gibraltar SA · Houston · $6.5 billion in assets · assisted
United Savings Association of Texas · Houston · $4.6 billion in assets · assisted
First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
First Texas Savings Association · Dallas · $3.1 billion in assets · assisted

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.