The Graveyard › Banks › 1992
First South SB
Columbia, SC · failed April 24, 1992 · FDIC certificate 32186
First South SB of Columbia, SC failed on April 24, 1992. It opened on December 22, 1983, 8 years before. At its last report before that it held $57.0 million in assets and $48.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $112.0 million. The FDIC estimates that the Resolution Trust Corporation lost $7.5 million on it.
1984-031992-03
Assets at the end$57.0 millionlast report before April 24, 1992
Deposits at the end$48.5 million
Estimated loss to the fund$7.5 millionRTC
Largest in the quarterly reports$112.0 millionJune 30, 1987
Equity to assets1.3%March 31, 1992
Loans not being repaid11.7%noncurrent, March 31, 1992
Return on assets-0.47%a year's rate, March 31, 1992
Staff16full time, March 31, 1992
Also ended in 1992
- Homefed Bank, FA · San Diego, CA · $12.2 billion in assets
- Crossland Savings Bank, FSB · Brooklyn, NY · $7.4 billion in assets
- Carteret FSB · Madison, NJ · $4.8 billion in assets
- Meritor Savings Bank · Philadelphia, PA · $4.1 billion in assets
- Dollar Dry Dock Bank · White Plains, NY · $4.0 billion in assets
- The Howard Savings Bank · Newark, NJ · $3.5 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.