The Graveyard › Banks › 1989

Elmwood Fed. S & L Association

Harahan, LA · failed March 2, 1989 · FDIC certificate 31968

Elmwood Fed. S & L Association of Harahan, LA failed on March 2, 1989. It opened in 1978, 11 years before. At its last report before that it held $57.4 million in assets and $48.3 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $70.2 million. The FDIC estimates that the Resolution Trust Corporation lost $25.2 million on it.

1984-031988-12

Assets at the end$57.4 millionlast report before March 2, 1989

Deposits at the end$48.3 million

Estimated loss to the fund$25.2 millionRTC

Largest in the quarterly reports$70.2 millionSeptember 30, 1986

Equity to assets-22.8%December 31, 1988

Loans not being repaid19.1%noncurrent, December 31, 1988

Return on assets-11.93%a year's rate, December 31, 1988

On the FDIC's list: ELMWOOD FED. S & L ASSOC..

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Also ended in 1989

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Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
University Federal Savings · Houston, TX · $4.5 billion in assets

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.