The Graveyard › Banks › 1990
Lakeland Savings Bank FSB
Detroit Lakes, MN · failed March 16, 1990 · FDIC certificate 29137
Lakeland Savings Bank FSB of Detroit Lakes, MN failed on March 16, 1990. It opened in 1933, 57 years before. At its last report before that it held $79.6 million in assets and $80.6 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $103.8 million. The FDIC estimates that the Resolution Trust Corporation lost $24.8 million on it.
1984-031989-12
Assets at the end$79.6 millionlast report before March 16, 1990
Deposits at the end$80.6 million
Estimated loss to the fund$24.8 millionRTC
Largest in the quarterly reports$103.8 millionDecember 31, 1988
Equity to assets-7.6%December 31, 1989
Loans not being repaid27.6%noncurrent, December 31, 1989
Return on assets-8.91%a year's rate, December 31, 1989
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 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.