The Graveyard › Banks › 1989
Southside Fed. S & L Association
Austin, TX · failed August 17, 1989 · FDIC certificate 32001
Southside Fed. S & L Association of Austin, TX failed on August 17, 1989. It opened in 1978, 11 years before. At its last report before that it held $49.6 million in assets and $41.4 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $29.2 million on it.
1984-031989-06
Assets at the end$49.6 millionlast report before August 17, 1989
Deposits at the end$41.4 million
Estimated loss to the fund$29.2 millionRTC
Largest in the quarterly reports$51.0 millionMarch 31, 1988
Equity to assets-6.3%June 30, 1989
Loans not being repaid17.3%noncurrent, June 30, 1989
Return on assets-8.81%a year's rate, June 30, 1989
On the FDIC's list: SOUTHSIDE FED. S & L ASSOC..
Take today's blind testAlso ended in 1989
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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.