Center Savings and Loan Association
Clifton, NJ
$133M
total assets, December 31, 1990
$133M
total assets, December 31, 1990
Center Savings and Loan Association was a savings and loan in Clifton, NJ. It failed on Jan 25, 1991, and Hub Center Bank took over its deposits. At its last report it held $132.6 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1990
This bank failed
- Failed on
- Jan 25, 1991
- Assets
- $133M
- Deposits
- $125M
- Estimated cost
- $15.3M
- Deposits went to
- Hub Center Bank, Clifton, NJ
Total assets
$133M
-11.6% in a year · 0.0% in a quarter
Deposits
$125M
-6.0% in a year · +0.2% in a quarter
Loans
$104M
-6.2% in a year · -1.9% in a quarter
Profit so far
-$6.0M
Jan 1 to Dec 31, 1990
Capital ratio
-3.31%
-3.30 pts in a year
Return on assets
-4.29%
-3.85 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 295 Clifton Avenue, Clifton, NJ, 07011
- County
- Passaic
- Established
- Sep 1, 1941
- Failed
- Jan 25, 1991
- Employees
- 27
- Id
- b30169
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 Center Savings and Loan Association?
$132.6 million in total assets and $125.4 million in deposits as of December 31, 1990, with assets down 11.6% from a year before. Its loans were $104.2 million.
Is Center Savings and Loan Association profitable?
No: it lost $5.99 million from January 1 to December 31, 1990. Its return on assets was -4.29% a year; about 1% is typical.
When did Center Savings and Loan Association fail?
Jan 25, 1991. Hub Center Bank of Clifton, NJ took over its deposits. The estimated cost of the failure was $15.3 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.