$29.3M
total assets, September 30, 1987
Balboa National Bank was a national bank in National City, CA. It failed on Jan 14, 1988, and its insured deposits were paid out. At its last report it held $29.3 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1987
This bank failed
- Failed on
- Jan 14, 1988
- Assets
- $29.3M
- Deposits
- $29.4M
- Estimated cost
- $6.4M
- Deposits went to
- payout
Total assets
$29.3M
-43.9% in a year · -16.3% in a quarter
Deposits
$29.4M
-41.4% in a year · -14.7% in a quarter
Loans
$22.7M
-44.9% in a year · -15.4% in a quarter
Profit so far
-$2.8M
Jan 1 to Sep 30, 1987
Capital ratio
-10.01%
-12.72 pts in a year
Return on assets
-10.03%
-6.28 pts in a year
Facts
- Type
- National bank
- Head office
- 202 West 24th Street, National City, CA, 92050
- County
- San Diego
- Established
- Feb 22, 1983
- Failed
- Jan 14, 1988
- Employees
- 40
- Id
- b24333
Quarter by quarter
March 31, 1984 to September 30, 1987
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 Balboa National Bank?
$29.3 million in total assets and $29.4 million in deposits as of September 30, 1987, with assets down 43.9% from a year before. Its loans were $22.7 million.
Is Balboa National Bank profitable?
No: it lost $2.82 million from January 1 to September 30, 1987. Its return on assets was -10.03% a year; about 1% is typical.
When did Balboa National Bank fail?
Jan 14, 1988. The estimated cost of the failure was $6.37 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.