Colonial Thrift and Loan Association
Culver City, CA
$26.8M
total assets, December 31, 1987
$26.8M
total assets, December 31, 1987
Colonial Thrift and Loan Association was a state nonmember bank in Culver City, CA. It failed on Apr 15, 1988, and Southern Pacific TH&L As took over its deposits. At its last report it held $26.8 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1987
This bank failed
- Failed on
- Apr 15, 1988
- Assets
- $26.8M
- Deposits
- $24.0M
- Estimated cost
- $4.6M
- Deposits went to
- Southern Pacific TH&L As, Beverly Hills, CA
Total assets
$26.8M
-0.1% in a year · -9.2% in a quarter
Deposits
$24.0M
-4.2% in a year · -9.6% in a quarter
Loans
$21.5M
+7.2% in a year · -6.2% in a quarter
Profit so far
-$1.3M
Jan 1 to Dec 31, 1987
Capital ratio
1.07%
-4.98 pts in a year
Return on assets
-4.71%
-3.09 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 10720 West Washington Boulevard, Culver City, CA, 90232
- County
- Los Angeles
- Established
- Nov 1, 1980
- Failed
- Apr 15, 1988
- Employees
- 22
- Id
- b26701
Quarter by quarter
June 30, 1986 to December 31, 1987
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 7
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Colonial Thrift and Loan Association?
$26.8 million in total assets and $24.0 million in deposits as of December 31, 1987, with assets down 0.1% from a year before. Its loans were $21.5 million.
Is Colonial Thrift and Loan Association profitable?
No: it lost $1.31 million from January 1 to December 31, 1987. Its return on assets was -4.71% a year; about 1% is typical.
When did Colonial Thrift and Loan Association fail?
Apr 15, 1988. Southern Pacific TH&L As of Beverly Hills, CA took over its deposits. The estimated cost of the failure was $4.60 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.