The Graveyard › Banks › 1988
First Savings of East Texas
San Augustine, TX · failed January 15, 1988 · FDIC certificate 31593
First Savings of East Texas of San Augustine, TX failed on January 15, 1988. It opened in 1970, 18 years before. At its last report before that it held $61.7 million in assets and $132.4 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $122.9 million. The FDIC estimates that the FSLIC's fund lost $96.6 million on it.
1984-031987-12
Assets at the end$61.7 millionlast report before January 15, 1988
Deposits at the end$132.4 million
Estimated loss to the fund$96.6 millionFSLIC
Largest in the quarterly reports$122.9 millionJune 30, 1985
Equity to assets-117.3%December 31, 1987
Loans not being repaid72.2%noncurrent, December 31, 1987
Return on assets-54.06%a year's rate, December 31, 1987
Also ended in 1988
- American S&LA · Stockton · $30.2 billion in assets · assisted
- First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
- Gibraltar SA · Houston · $6.5 billion in assets · assisted
- United Savings Association of Texas · Houston · $4.6 billion in assets · assisted
- First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
- First Texas Savings Association · Dallas · $3.1 billion 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.