Commonwealth Savings Association
New Orleans, LA
$44.0M
total assets, June 30, 1990
$44.0M
total assets, June 30, 1990
Commonwealth Savings Association was a savings and loan in New Orleans, LA. It failed on Jul 20, 1990, and ST. Bernard B&TC took over its deposits. At its last report it held $44.0 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1990
This bank failed
- Failed on
- Jul 20, 1990
- Assets
- $44.0M
- Deposits
- $44.3M
- Estimated cost
- $19.1M
- Deposits went to
- ST. Bernard B&TC, Arabi, LA
Total assets
$44.0M
-16.8% in a year · -7.8% in a quarter
Deposits
$44.3M
+0.2% in a year · +0.1% in a quarter
Loans
$36.4M
-12.2% in a year · -3.5% in a quarter
Profit so far
-$4.3M
Jan 1 to Jun 30, 1990
Capital ratio
7.93%
+7.93 pts in a year
Return on assets
-18.28%
-14.15 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 140 Carondelet Street, New Orleans, LA, 70130
- County
- Orleans
- Established
- Mar 1, 1937
- Failed
- Jul 20, 1990
- Employees
- 17
- Id
- b29865
Quarter by quarter
March 31, 1984 to June 30, 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 Commonwealth Savings Association?
$44.0 million in total assets and $44.3 million in deposits as of June 30, 1990, with assets down 16.8% from a year before. Its loans were $36.4 million.
Is Commonwealth Savings Association profitable?
No: it lost $4.30 million from January 1 to June 30, 1990. Its return on assets was -18.28% a year; about 1% is typical.
When did Commonwealth Savings Association fail?
Jul 20, 1990. ST. Bernard B&TC of Arabi, LA took over its deposits. The estimated cost of the failure was $19.1 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.