The Graveyard › Banks › 1989
Security Federal Savings, FSB
Columbia, SC · failed November 30, 1989 · FDIC certificate 29060
Security Federal Savings, FSB of Columbia, SC failed on November 30, 1989. It opened in 1923, 66 years before. At its last report before that it held $759.2 million in assets and $667.3 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $956.4 million. The FDIC estimates that the Resolution Trust Corporation lost $66.8 million on it.
1984-031989-09
Assets at the end$759.2 millionlast report before November 30, 1989
Deposits at the end$667.3 million
Estimated loss to the fund$66.8 millionRTC
Largest in the quarterly reports$956.4 millionMarch 31, 1986
Equity to assets-5.2%September 30, 1989
Loans not being repaid8.9%noncurrent, September 30, 1989
Return on assets-2.34%a year's rate, September 30, 1989
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.