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Permian S & L Association

Kermit · failed March 2, 1989 · FDIC certificate 31116

Permian S & L Association of Kermit failed on March 2, 1989. It opened on December 21, 1959, 29 years before. At its last report before that it held $10.8 million in assets and $12.1 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $19.1 million. The FDIC estimates that the Resolution Trust Corporation lost $2.5 million on it.

1984-031988-12

Assets at the end$10.8 millionlast report before March 2, 1989

Deposits at the end$12.1 million

Estimated loss to the fund$2.5 millionRTC

Largest in the quarterly reports$19.1 millionJune 30, 1985

Equity to assets-12.2%December 31, 1988

Loans not being repaid11.5%noncurrent, December 31, 1988

Return on assets-11.06%a year's rate, December 31, 1988

On the FDIC's list: PERMIAN S & L ASSOC..

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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.