The Graveyard › Banks › 1990
Security Federal Savings Bank
Carlsbad, NM · failed May 4, 1990 · FDIC certificate 31433
Security Federal Savings Bank of Carlsbad, NM failed on May 4, 1990. It opened in 1938, 52 years before. At its last report before that it held $26.9 million in assets and $34.2 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $51.0 million. The FDIC estimates that the Resolution Trust Corporation lost $15.5 million on it.
1984-031990-03
Assets at the end$26.9 millionlast report before May 4, 1990
Deposits at the end$34.2 million
Estimated loss to the fund$15.5 millionRTC
Largest in the quarterly reports$51.0 millionJune 30, 1986
Equity to assets-31.3%March 31, 1990
Loans not being repaid2.6%noncurrent, March 31, 1990
Return on assets-3.35%a year's rate, March 31, 1990
Staff25full time, March 31, 1990
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.