The Graveyard › Banks › 1992
Security First Fs & La
Daytona Beach, FL · failed April 10, 1992 · FDIC certificate 29222
Security First Fs & La of Daytona Beach, FL failed on April 10, 1992. It opened on November 1, 1934, 57 years before. At its last report before that it held $1.0 billion in assets and $904.2 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $1.2 billion. The FDIC estimates that the Resolution Trust Corporation lost $24.1 million on it.
1984-031992-03
Assets at the end$1.0 billionlast report before April 10, 1992
Deposits at the end$904.2 million
Estimated loss to the fund$24.1 millionRTC
Largest in the quarterly reports$1.2 billionMarch 31, 1986
Equity to assets1.8%March 31, 1992
Loans not being repaid2.1%noncurrent, March 31, 1992
Return on assets1.30%a year's rate, March 31, 1992
Staff471full time, March 31, 1992
Also ended in 1992
- Homefed Bank, FA · San Diego, CA · $12.2 billion in assets
- Crossland Savings Bank, FSB · Brooklyn, NY · $7.4 billion in assets
- Carteret FSB · Madison, NJ · $4.8 billion in assets
- Meritor Savings Bank · Philadelphia, PA · $4.1 billion in assets
- Dollar Dry Dock Bank · White Plains, NY · $4.0 billion in assets
- The Howard Savings Bank · Newark, NJ · $3.5 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.