Citizens Savings and Loan Association
Salem, OR
$240M
total assets, March 31, 1986
$240M
total assets, March 31, 1986
Citizens Savings and Loan Association was a savings and loan in Salem, OR. It failed on Dec 4, 1985, and Freedom FS&LA took over its deposits. At its last report it held $239.7 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1986
This bank failed
- Failed on
- Dec 4, 1985
- Assets
- $240M
- Deposits
- $153M
- Estimated cost
- $85.2M
- Deposits went to
- Freedom FS&LA, Corvallis, OR
Total assets
$240M
+4.7% in a year · -0.3% in a quarter
Deposits
$153M
+2.6% in a year · -1.9% in a quarter
Loans
$130M
-6.6% in a year · -1.9% in a quarter
Profit so far
-$3.3M
Jan 1 to Mar 31, 1986 · -230.9% in a year
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-5.58%
-9.82 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 603 Chemeketa, Salem, OR, 97309
- County
- Marion
- Established
- Jan 1, 1975
- Failed
- Apr 1, 1986
- Id
- b31792
Quarter by quarter
March 31, 1984 to March 31, 1986
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 9
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?
$239.7 million in total assets and $153.5 million in deposits as of March 31, 1986, with assets up 4.7% from a year before. Its loans were $129.6 million.
Is Citizens Savings and Loan Association profitable?
No: it lost $3.35 million from January 1 to March 31, 1986. Its return on assets was -5.58% a year; about 1% is typical.
When did Citizens Savings and Loan Association fail?
Dec 4, 1985. Freedom FS&LA of Corvallis, OR took over its deposits. The estimated cost of the failure was $85.2 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.