$2.0B
total assets, March 31, 1991
Altus Bank, A FSB was a savings bank in Mobile, AL. It failed on May 17, 1991, and Branch Sale took over its deposits. At its last report it held $2.0 billion in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1991
This bank failed
- Failed on
- May 17, 1991
- Assets
- $2.0B
- Deposits
- $1.2B
- Estimated cost
- $71.2M
- Deposits went to
- Branch Sale, None, NA
Total assets
$2.0B
-11.1% in a year · -2.7% in a quarter
Deposits
$1.2B
-12.8% in a year · -2.2% in a quarter
Loans
$895M
-11.8% in a year · -2.9% in a quarter
Profit so far
$1.7M
Jan 1 to Mar 31, 1991
Capital ratio
-0.22%
-1.26 pts in a year
Return on assets
0.35%
+0.82 pts in a year
Facts
- Type
- Savings bank
- Head office
- 851 South Beltline Highway, Mobile, AL, 36606
- County
- Mobile
- Established
- Jul 1, 1934
- Failed
- May 17, 1991
- Employees
- 389
- Id
- b29002
Quarter by quarter
March 31, 1984 to March 31, 1991
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 Altus Bank, A FSB?
$2.0 billion in total assets and $1.2 billion in deposits as of March 31, 1991, with assets down 11.1% from a year before. Its loans were $895.5 million.
Is Altus Bank, A FSB profitable?
Yes: it earned $1.74 million from January 1 to March 31, 1991. Its return on assets was 0.35% a year; about 1% is typical.
When did Altus Bank, A FSB fail?
May 17, 1991. Branch Sale of None, NA took over its deposits. The estimated cost of the failure was $71.2 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.