$93.9M
total assets, March 31, 1988
Cardinal Savings Bank, Inc. was a savings and loan in Newport, NC. It failed on May 13, 1988, and its insured deposits were paid out. At its last report it held $93.9 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1988
This bank failed
- Failed on
- May 13, 1988
- Assets
- $93.9M
- Deposits
- $92.8M
- Estimated cost
- $27.5M
- Deposits went to
- insured deposit transfer
Total assets
$93.9M
-27.7% in a year · +4.7% in a quarter
Deposits
$92.8M
+13.6% in a year · +6.8% in a quarter
Loans
$76.6M
-21.7% in a year · -5.2% in a quarter
Profit so far
-$155K
Jan 1 to Mar 31, 1988 · -118.8% in a year
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-0.68%
-3.11 pts in a year
Facts
- Type
- Savings and loan
- Head office
- Highway 70, Newport, NC, 28570
- County
- Carteret
- Established
- Jun 8, 1984
- Failed
- May 13, 1988
- Id
- b32463
Quarter by quarter
June 30, 1986 to March 31, 1988
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 8
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Cardinal Savings Bank, Inc.?
$93.9 million in total assets and $92.8 million in deposits as of March 31, 1988, with assets down 27.7% from a year before. Its loans were $76.6 million.
Is Cardinal Savings Bank, Inc. profitable?
No: it lost $155,000 from January 1 to March 31, 1988. Its return on assets was -0.68% a year; about 1% is typical.
When did Cardinal Savings Bank, Inc. fail?
May 13, 1988. The estimated cost of the failure was $27.5 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.