The Graveyard › Banks › 1989

First Louisiana Federal Savings

Lafayette, LA · failed November 2, 1989 · FDIC certificate 32281

First Louisiana Federal Savings of Lafayette, LA failed on November 2, 1989. It opened on March 8, 1985, 4 years before. At its last report before that it held $161.8 million in assets and $105.8 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $181.8 million. The FDIC estimates that the Resolution Trust Corporation lost $42.9 million on it.

1985-031989-09

Assets at the end$161.8 millionlast report before November 2, 1989

Deposits at the end$105.8 million

Estimated loss to the fund$42.9 millionRTC

Largest in the quarterly reports$181.8 millionSeptember 30, 1988

Equity to assets-7.9%September 30, 1989

Loans not being repaid18.4%noncurrent, September 30, 1989

Return on assets-3.35%a year's rate, September 30, 1989

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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.