The Graveyard › Banks › 1989
First Fs & La of Estherville
Estherville · failed April 6, 1989 · FDIC certificate 29408
First Fs & La of Estherville of Estherville failed on April 6, 1989. It opened in 1934, 55 years before. At its last report before that it held $60.6 million in assets and $58.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $73.5 million. The FDIC estimates that the Resolution Trust Corporation lost $9.7 million on it.
1984-031989-03
Assets at the end$60.6 millionlast report before April 6, 1989
Deposits at the end$58.9 million
Estimated loss to the fund$9.7 millionRTC
Largest in the quarterly reports$73.5 millionDecember 31, 1985
Equity to assets-2.0%March 31, 1989
Loans not being repaid11.7%noncurrent, March 31, 1989
Return on assets-1.08%a year's rate, March 31, 1989
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- 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.