$39.0M
total assets, June 30, 1992
Citadel Federal Savings Bank was a savings bank in Charleston, SC. It failed on Aug 7, 1992, and Carolina First Bank took over its deposits. At its last report it held $39.0 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1992
This bank failed
- Failed on
- Aug 7, 1992
- Assets
- $39.0M
- Deposits
- $37.6M
- Estimated cost
- $8.8M
- Deposits went to
- Carolina First Bank, Greenville, SC
Total assets
$39.0M
-15.6% in a year · -4.3% in a quarter
Deposits
$37.6M
-12.7% in a year · +5.9% in a quarter
Loans
$31.1M
-22.8% in a year · -11.1% in a quarter
Profit so far
-$634K
Jan 1 to Jun 30, 1992
Capital ratio
0.72%
-1.89 pts in a year
Return on assets
-3.16%
+0.46 pts in a year
Facts
- Type
- Savings bank
- Head office
- 852 Orleans Road, Charleston, SC, 29417
- County
- Charleston
- Established
- Apr 3, 1986
- Failed
- Aug 7, 1992
- Employees
- 19
- Id
- b32468
Quarter by quarter
June 30, 1986 to June 30, 1992
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 Citadel Federal Savings Bank?
$39.0 million in total assets and $37.6 million in deposits as of June 30, 1992, with assets down 15.6% from a year before. Its loans were $31.1 million.
Is Citadel Federal Savings Bank profitable?
No: it lost $634,000 from January 1 to June 30, 1992. Its return on assets was -3.16% a year; about 1% is typical.
When did Citadel Federal Savings Bank fail?
Aug 7, 1992. Carolina First Bank of Greenville, SC took over its deposits. The estimated cost of the failure was $8.78 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.