Cornerstone Savings Association
Houston, TX
$112M
total assets, June 30, 1989
$112M
total assets, June 30, 1989
Cornerstone Savings Association was a savings and loan in Houston, TX. It failed on Jul 13, 1989, and Great Southwest Savings, Fa took over its deposits. At its last report it held $112.4 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1989
This bank failed
- Failed on
- Jul 13, 1989
- Assets
- $112M
- Deposits
- $110M
- Estimated cost
- $26.7M
- Deposits went to
- Great Southwest Savings, Fa, Houston, TX
Total assets
$112M
+0.1% in a year · +15.7% in a quarter
Deposits
$110M
+25.8% in a year · +23.7% in a quarter
Loans
$61.1M
-15.8% in a year · +3.8% in a quarter
Profit so far
-$13.2M
Jan 1 to Jun 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-24.77%
-21.80 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 3707 Fm 1960 West, Houston, TX, 77068
- County
- Harris
- Established
- Nov 8, 1985
- Failed
- Jul 13, 1989
- Id
- b32398
Quarter by quarter
December 31, 1985 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 Cornerstone Savings Association?
$112.4 million in total assets and $110.4 million in deposits as of June 30, 1989, with assets up 0.1% from a year before. Its loans were $61.1 million.
Is Cornerstone Savings Association profitable?
No: it lost $13.2 million from January 1 to June 30, 1989. Its return on assets was -24.77% a year; about 1% is typical.
When did Cornerstone Savings Association fail?
Jul 13, 1989. Great Southwest Savings, Fa of Houston, TX took over its deposits. The estimated cost of the failure was $26.7 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.