The Graveyard › Banks › 1989
Security Bank
Houston, TX · failed February 16, 1989 · FDIC certificate 22078
Security Bank of Houston, TX failed on February 16, 1989. It opened on July 31, 1975, 13 years before. At its last report before that it held $19.3 million in assets and $19.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $38.6 million. The FDIC estimates that the FDIC's insurance fund lost $5.1 million on it.
1984-031988-12
Assets at the end$19.3 millionlast report before February 16, 1989
Deposits at the end$19.2 million
Estimated loss to the fund$5.1 millionFDIC
Largest in the quarterly reports$38.6 millionDecember 31, 1984
Equity to assets-2.8%December 31, 1988
Loans not being repaid6.9%noncurrent, December 31, 1988
Return on assets-4.99%a year's rate, December 31, 1988
Staff24full time, December 31, 1988
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.