The Graveyard › Banks › 1989

State Mutual Fed. S & L Association

Jackson, MS · failed April 6, 1989 · FDIC certificate 31252

State Mutual Fed. S & L Association of Jackson, MS failed on April 6, 1989. It opened in 1955, 34 years before. At its last report before that it held $8.7 million in assets and $9.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $13.6 million. The FDIC estimates that the Resolution Trust Corporation lost $4.0 million on it.

1984-031989-03

Assets at the end$8.7 millionlast report before April 6, 1989

Deposits at the end$9.8 million

Estimated loss to the fund$4.0 millionRTC

Largest in the quarterly reports$13.6 millionDecember 31, 1984

Equity to assets-21.4%March 31, 1989

Loans not being repaid18.8%noncurrent, March 31, 1989

Return on assets-2.95%a year's rate, March 31, 1989

On the FDIC's list: STATE MUTUAL FED. S & L ASSOC..

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Also ended in 1989

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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.