The Graveyard › Banks › 1990

First Fs & La of Andalusia

Andalusia, AL · failed December 28, 1990 · FDIC certificate 29116

First Fs & La of Andalusia of Andalusia, AL failed on December 28, 1990. It opened on August 1, 1934, 56 years before. At its last report before that it held $38.7 million in assets and $37.7 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $65.3 million. The FDIC estimates that the Resolution Trust Corporation lost $6.3 million on it.

1984-031990-09

Assets at the end$38.7 millionlast report before December 28, 1990

Deposits at the end$37.7 million

Estimated loss to the fund$6.3 millionRTC

Largest in the quarterly reports$65.3 millionDecember 31, 1984

Equity to assets0.2%September 30, 1990

Loans not being repaid10.5%noncurrent, September 30, 1990

Return on assets-3.25%a year's rate, September 30, 1990

Staff20full time, September 30, 1990

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Also ended in 1990

Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
Franklin Fsa · Ottawa · $9.3 billion in assets
Centrust Bank, SB · Miami, FL · $8.2 billion in assets
Empire of America FSB · Buffalo, NY · $8.2 billion in assets
Merabank FSB · Phoenix, AZ · $6.3 billion in assets
Southwest Savings Association · Dallas, TX · $5.3 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.