Elmwood Federal Savings and Loan Association
Harahan, LA
$53.0M
total assets, June 30, 1989
$53.0M
total assets, June 30, 1989
Elmwood Federal Savings and Loan Association was a savings and loan in Harahan, LA. It failed on Mar 2, 1989, and First NB Of Commerce took over its deposits. At its last report it held $57.4 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1989
This bank failed
- Failed on
- Mar 2, 1989
- Assets
- $57.4M
- Deposits
- $48.3M
- Estimated cost
- $25.2M
- Deposits went to
- First NB Of Commerce, New Orleans, LA
Total assets
$53.0M
-14.7% in a year · -1.2% in a quarter
Deposits
$47.3M
-6.4% in a year · +2.1% in a quarter
Loans
$43.5M
-14.2% in a year · -2.9% in a quarter
Profit so far
-$2.9M
Jan 1 to Jun 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-10.51%
-5.67 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 5360 Mounes Street, Harahan, LA, 70123
- County
- Orleans
- Established
- Jan 1, 1978
- Failed
- Sep 8, 1989
- Id
- b31968
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 Elmwood Federal Savings and Loan Association?
$53.0 million in total assets and $47.3 million in deposits as of June 30, 1989, with assets down 14.7% from a year before. Its loans were $43.5 million.
Is Elmwood Federal Savings and Loan Association profitable?
No: it lost $2.87 million from January 1 to June 30, 1989. Its return on assets was -10.51% a year; about 1% is typical.
When did Elmwood Federal Savings and Loan Association fail?
Mar 2, 1989. First NB Of Commerce of New Orleans, LA took over its deposits. The estimated cost of the failure was $25.2 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.