$314M
total assets, March 31, 1990
Charter Savings Bank was a savings and loan in Newport Beach, CA. It failed on Jun 15, 1990, and Pacific Heritage Bank took over its deposits. At its last report it held $313.9 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1990
This bank failed
- Failed on
- Jun 15, 1990
- Assets
- $314M
- Deposits
- $280M
- Estimated cost
- $9.8M
- Deposits went to
- Pacific Heritage Bank, Torrance, CA
Total assets
$314M
-31.6% in a year · -5.3% in a quarter
Deposits
$280M
-22.0% in a year · -4.2% in a quarter
Loans
$192M
-22.4% in a year · -4.5% in a quarter
Profit so far
-$718K
Jan 1 to Mar 31, 1990 · -492.3% in a year
Capital ratio
-1.01%
-1.01 pts in a year
Return on assets
-0.89%
-1.05 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 4699 Jamboree Road, Newport Beach, CA, 92660
- County
- Orange
- Established
- Mar 23, 1978
- Failed
- Jun 15, 1990
- Employees
- 59
- Id
- b31924
Quarter by quarter
March 31, 1984 to March 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 Charter Savings Bank?
$313.9 million in total assets and $280.4 million in deposits as of March 31, 1990, with assets down 31.6% from a year before. Its loans were $192.2 million.
Is Charter Savings Bank profitable?
No: it lost $718,000 from January 1 to March 31, 1990. Its return on assets was -0.89% a year; about 1% is typical.
When did Charter Savings Bank fail?
Jun 15, 1990. Pacific Heritage Bank of Torrance, CA took over its deposits. The estimated cost of the failure was $9.81 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.