The Graveyard › Banks › 1987

South Bay S&LA

Gardens · assisted March 6, 1987 · FDIC certificate 32163

South Bay S&LA of Gardens was given assistance by the FSLIC on March 6, 1987. The FDIC's list records an assistance transaction, not a closing. It opened in 1981, 6 years before. At its last report before that it held $61.9 million in assets and $64.3 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $103.2 million. The FDIC estimates that the FSLIC's fund lost $5.3 million on it.

1984-031986-12

Assets at the end$61.9 millionlast report before March 6, 1987

Deposits at the end$64.3 million

Estimated loss to the fund$5.3 millionFSLIC

Largest in the quarterly reports$103.2 millionSeptember 30, 1984

Equity to assets-5.5%December 31, 1986

Loans not being repaid1.4%noncurrent, December 31, 1986

Return on assets-2.84%a year's rate, December 31, 1986

Take today's blind test

Also ended in 1987

Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
Freedom S&LA · Tampa, FL · $1.9 billion in assets
Vernon S&LA · Vernon, TX · $1.3 billion in assets
Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
Independent American SA · Irving, TX · $1.0 billion in assets
First Financial Bank, FSB · New Orleans · $744.9 million in assets · assisted

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.