$406M
total assets, December 31, 1990
Beacon Federal Savings Bank was a savings bank in Baldwin, NY. It failed on Mar 8, 1991, and North Side SB took over its deposits. At its last report it held $406.0 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1990
This bank failed
- Failed on
- Mar 8, 1991
- Assets
- $406M
- Deposits
- $389M
- Estimated cost
- $19.9M
- Deposits went to
- North Side SB, Floral Park, NY
Total assets
$406M
-14.7% in a year · -1.8% in a quarter
Deposits
$389M
-5.2% in a year · -1.8% in a quarter
Loans
$222M
-10.1% in a year · -1.6% in a quarter
Profit so far
-$3.4M
Jan 1 to Dec 31, 1990
Capital ratio
-0.71%
-0.71 pts in a year
Return on assets
-0.78%
-0.37 pts in a year
Facts
- Type
- Savings bank
- Head office
- 2303 Grand Ave, Baldwin, NY, 11510
- County
- Nassau
- Established
- Jan 1, 1921
- Failed
- Mar 8, 1991
- Employees
- 177
- Id
- b29036
Quarter by quarter
March 31, 1984 to December 31, 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 Beacon Federal Savings Bank?
$406.0 million in total assets and $388.6 million in deposits as of December 31, 1990, with assets down 14.7% from a year before. Its loans were $222.4 million.
Is Beacon Federal Savings Bank profitable?
No: it lost $3.36 million from January 1 to December 31, 1990. Its return on assets was -0.78% a year; about 1% is typical.
When did Beacon Federal Savings Bank fail?
Mar 8, 1991. North Side SB of Floral Park, NY took over its deposits. The estimated cost of the failure was $19.9 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.