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First Savings Association Southeast Texas

Silsbee · failed March 16, 1989 · FDIC certificate 31803

First Savings Association Southeast Texas of Silsbee failed on March 16, 1989. It opened on May 20, 1976, 12 years before. At its last report before that it held $48.7 million in assets and $44.4 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1988, it held $52.4 million. The FDIC estimates that the Resolution Trust Corporation lost $22.9 million on it.

1984-031988-12

Assets at the end$48.7 millionlast report before March 16, 1989

Deposits at the end$44.4 million

Estimated loss to the fund$22.9 millionRTC

Largest in the quarterly reports$52.4 millionMarch 31, 1988

Equity to assets-14.3%December 31, 1988

Loans not being repaid15.5%noncurrent, December 31, 1988

Return on assets-10.51%a year's rate, December 31, 1988

On the FDIC's list: FIRST SAV. ASSOC. SOUTHEAST TEXAS.

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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.