Citizens Savings and Loan Association of Springfield
Springfield, IL
$89.3M
total assets, June 30, 1989
$89.3M
total assets, June 30, 1989
Citizens Savings and Loan Association of Springfield was a savings and loan in Springfield, IL. It failed on Sep 7, 1989, and Magna Bank Of Springfield took over its deposits. At its last report it held $89.3 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1989
This bank failed
- Failed on
- Sep 7, 1989
- Assets
- $89.3M
- Deposits
- $78.5M
- Estimated cost
- $6K
- Deposits went to
- Magna Bank Of Springfield, Springfield, IL
Total assets
$89.3M
+4.1% in a year · -2.2% in a quarter
Deposits
$78.5M
-5.7% in a year · +2.4% in a quarter
Loans
$41.7M
+8.9% in a year · -3.9% in a quarter
Profit so far
-$704K
Jan 1 to Jun 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-1.55%
-0.87 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 322 East Adams Street, Springfield, IL, 62701
- County
- Sangamon
- Established
- Jan 1, 1895
- Failed
- Sep 7, 1989
- Id
- b28107
Quarter by quarter
March 31, 1984 to June 30, 1989
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 Citizens Savings and Loan Association of Springfield?
$89.3 million in total assets and $78.5 million in deposits as of June 30, 1989, with assets up 4.1% from a year before. Its loans were $41.7 million.
Is Citizens Savings and Loan Association of Springfield profitable?
No: it lost $704,000 from January 1 to June 30, 1989. Its return on assets was -1.55% a year; about 1% is typical.
When did Citizens Savings and Loan Association of Springfield fail?
Sep 7, 1989. Magna Bank Of Springfield of Springfield, IL took over its deposits. The estimated cost of the failure was $5,621.
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.