The Graveyard › Banks › 1986
Seapointe S&LA
Carlsbad · failed May 31, 1986 · FDIC certificate 32314
Seapointe S&LA of Carlsbad failed on May 31, 1986. It opened on April 16, 1985, 1 year before. At its last report before that it held $17.3 million in assets and $37.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $45.0 million. The FDIC estimates that the FSLIC's fund lost $36.6 million on it.
1985-061986-03
Assets at the end$17.3 millionlast report before May 31, 1986
Deposits at the end$37.9 million
Estimated loss to the fund$36.6 millionFSLIC
Largest in the quarterly reports$45.0 millionDecember 31, 1985
Equity to assets-122.3%March 31, 1986
Return on assets-311.17%a year's rate, March 31, 1986
Also ended in 1986
- Western S&LA · Dallas, TX · $2.0 billion in assets
- The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
- Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
- National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
- Mainland S&LA · Houston, TX · $1.0 billion in assets
- American Diversified Savings Bank · Costa Mesa · $978.6 million 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.