The Graveyard › Banks › 1992
Security Fsa
Panama City, FL · failed January 31, 1992 · FDIC certificate 30582
Security Fsa of Panama City, FL failed on January 31, 1992. It opened on July 28, 1952, 39 years before. At its last report before that it held $107.1 million in assets and $100.4 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $137.5 million. The FDIC estimates that the Resolution Trust Corporation lost $16.0 million on it.
1984-031991-12
Assets at the end$107.1 millionlast report before January 31, 1992
Deposits at the end$100.4 million
Estimated loss to the fund$16.0 millionRTC
Largest in the quarterly reports$137.5 millionSeptember 30, 1989
Equity to assets2.6%December 31, 1991
Loans not being repaid2.1%noncurrent, December 31, 1991
Return on assets-1.87%a year's rate, December 31, 1991
Staff68full time, December 31, 1991
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.