The Graveyard › Banks › 1987
First S&LA of Burkburnett
Burkburnett, TX · failed January 16, 1987 · FDIC certificate 31169
First S&LA of Burkburnett of Burkburnett, TX failed on January 16, 1987. It opened in 1959, 28 years before. At its last report before that it held $204.5 million in assets and $74.1 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $344.5 million. The FDIC estimates that the FSLIC's fund lost $269.4 million on it.
1984-031986-12
Assets at the end$204.5 millionlast report before January 16, 1987
Deposits at the end$74.1 million
Estimated loss to the fund$269.4 millionFSLIC
Largest in the quarterly reports$344.5 millionDecember 31, 1985
Equity to assets-64.5%December 31, 1986
Loans not being repaid76.9%noncurrent, December 31, 1986
Return on assets-7.90%a year's rate, December 31, 1986
Also ended in 1987
- Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
- Freedom S&LA · Tampa, FL · $1.9 billion in assets
- Vernon S&LA · Vernon, TX · $1.3 billion in assets
- Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
- Independent American SA · Irving, TX · $1.0 billion in assets
- First Financial Bank, FSB · New Orleans · $744.9 million 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.