The Graveyard › Banks › 1987
First Southern SA
Pascagoula, MS · failed March 20, 1987 · FDIC certificate 31893
First Southern SA of Pascagoula, MS failed on March 20, 1987. It opened in 1967, 20 years before. At its last report before that it held $47.1 million in assets and $57.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $61.6 million. The FDIC estimates that the FSLIC's fund lost $14.7 million on it.
1984-031986-12
Assets at the end$47.1 millionlast report before March 20, 1987
Deposits at the end$57.2 million
Estimated loss to the fund$14.7 millionFSLIC
Largest in the quarterly reports$61.6 millionDecember 31, 1985
Equity to assets-24.1%December 31, 1986
Loans not being repaid28.0%noncurrent, December 31, 1986
Return on assets-16.05%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.