Federal Savingsbanc of the Southwest
Kilgore, TX
$45.8M
total assets, June 30, 1989
$45.8M
total assets, June 30, 1989
Federal Savingsbanc of the Southwest was a savings bank in Kilgore, TX. It failed on Jul 27, 1989, and Kilgore FS&LA took over its deposits. At its last report it held $45.8 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1989
This bank failed
- Failed on
- Jul 27, 1989
- Assets
- $45.8M
- Deposits
- $36.5M
- Estimated cost
- $17.6M
- Deposits went to
- Kilgore FS&LA, Kilgore, TX
Total assets
$45.8M
+30.8% in a year · -8.7% in a quarter
Deposits
$36.5M
+8.5% in a year · +4.4% in a quarter
Loans
$19.8M
-17.9% in a year · -6.8% in a quarter
Profit so far
-$3.3M
Jan 1 to Jun 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-13.83%
-9.54 pts in a year
Facts
- Type
- Savings bank
- Head office
- 915 Houston Street, Kilgore, TX, 75662
- County
- Gregg
- Established
- Aug 29, 1986
- Failed
- Jul 27, 1989
- Id
- b32497
Quarter by quarter
September 30, 1986 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 Federal Savingsbanc of the Southwest?
$45.8 million in total assets and $36.5 million in deposits as of June 30, 1989, with assets up 30.8% from a year before. Its loans were $19.8 million.
Is Federal Savingsbanc of the Southwest profitable?
No: it lost $3.29 million from January 1 to June 30, 1989. Its return on assets was -13.83% a year; about 1% is typical.
When did Federal Savingsbanc of the Southwest fail?
Jul 27, 1989. Kilgore FS&LA of Kilgore, TX took over its deposits. The estimated cost of the failure was $17.6 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.