Action Savings Bank, SLA
Somers Point, NJ
$262M
total assets, September 30, 1990
$262M
total assets, September 30, 1990
Action Savings Bank, SLA was a savings and loan in Somers Point, NJ. It failed on Nov 15, 1990, and First FSB Of De took over its deposits. At its last report it held $262.0 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1990
This bank failed
- Failed on
- Nov 15, 1990
- Assets
- $262M
- Deposits
- $199M
- Estimated cost
- $81.7M
- Deposits went to
- First FSB Of De, Wilmington, DE
Total assets
$262M
-10.4% in a year · -6.0% in a quarter
Deposits
$199M
-11.9% in a year · -10.6% in a quarter
Loans
$232M
-4.2% in a year · -4.2% in a quarter
Profit so far
-$18.5M
Jan 1 to Sep 30, 1990 · -1034.8% in a year
Capital ratio
-0.08%
-0.08 pts in a year
Return on assets
-8.72%
-9.66 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 500 New Road, Somers Point, NJ, 08244
- County
- Atlantic
- Established
- Jun 1, 1943
- Failed
- Nov 15, 1990
- Employees
- 100
- Id
- b30223
Quarter by quarter
March 31, 1984 to September 30, 1990
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Action Savings Bank, SLA?
$262.0 million in total assets and $199.0 million in deposits as of September 30, 1990, with assets down 10.4% from a year before. Its loans were $232.4 million.
Is Action Savings Bank, SLA profitable?
No: it lost $18.5 million from January 1 to September 30, 1990. Its return on assets was -8.72% a year; about 1% is typical.
When did Action Savings Bank, SLA fail?
Nov 15, 1990. First FSB Of De of Wilmington, DE took over its deposits. The estimated cost of the failure was $81.7 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.