The Graveyard › Banks › 1985
Northlake S&LA
Covington, LA · failed June 25, 1985 · FDIC certificate 32029
Northlake S&LA of Covington, LA failed on June 25, 1985. It opened on July 18, 1980, 4 years before. At its last report before that it held $141.4 million in assets and $148.1 million in deposits. The FDIC estimates that the FSLIC's fund lost $89.3 million on it.
1984-031985-03
Assets at the end$141.4 millionlast report before June 25, 1985
Deposits at the end$148.1 million
Estimated loss to the fund$89.3 millionFSLIC
Largest in the quarterly reports$141.4 millionMarch 31, 1985
Equity to assets-13.1%March 31, 1985
Loans not being repaid27.7%noncurrent, March 31, 1985
Return on assets-19.56%a year's rate, March 31, 1985
Also ended in 1985
- Bowery Savings Bank · New York · $5.3 billion in assets · assisted
- Beverly Hills S&LA · Beverly Hills · $2.9 billion in assets · assisted
- Central S&LA · San Diego · $2.3 billion in assets · assisted
- Bell S&LA · San Mateo · $1.6 billion in assets · assisted
- Eureka Fs&La · San Carlos · $1.6 billion in assets · assisted
- Sunrise, S&LA · Lake Worth, FL · $1.5 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.