The Graveyard › Banks › 1989
Fsa of the Southwest
Kilgore, TX · failed July 27, 1989 · FDIC certificate 32497
Fsa of the Southwest of Kilgore, TX failed on July 27, 1989. It opened on August 29, 1986, 2 years before. At its last report before that it held $45.8 million in assets and $36.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $50.2 million. The FDIC estimates that the Resolution Trust Corporation lost $17.6 million on it.
1986-091989-06
Assets at the end$45.8 millionlast report before July 27, 1989
Deposits at the end$36.5 million
Estimated loss to the fund$17.6 millionRTC
Largest in the quarterly reports$50.2 millionMarch 31, 1989
Equity to assets-8.7%June 30, 1989
Loans not being repaid22.5%noncurrent, June 30, 1989
Return on assets-13.83%a year's rate, June 30, 1989
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.