Financial Security Federal Savings and Loan Association
Delray Beach, FL
$85.1M
total assets, March 31, 1990
$85.1M
total assets, March 31, 1990
Financial Security Federal Savings and Loan Association was a savings and loan in Delray Beach, FL. It failed on Mar 16, 1989, and Essex SB, FSB took over its deposits. At its last report it held $142.3 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1990
This bank failed
- Failed on
- Mar 16, 1989
- Assets
- $142M
- Deposits
- $150M
- Estimated cost
- $57.8M
- Deposits went to
- Essex SB, FSB, Delray Beach, FL
Total assets
$85.1M
-35.9% in a year · -18.9% in a quarter
Deposits
$124M
-15.7% in a year · -11.9% in a quarter
Loans
$60.9M
-47.6% in a year · -35.3% in a quarter
Profit so far
-$3.2M
Jan 1 to Mar 31, 1990
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-13.49%
-8.46 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 7239 West Atlantic Avenue, Delray Beach, FL, 33444
- County
- Palm Beach
- Established
- Oct 6, 1988
- Failed
- May 25, 1990
- Employees
- 45
- Id
- b32630
Quarter by quarter
December 31, 1988 to March 31, 1990
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 6
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Financial Security Federal Savings and Loan Association?
$85.1 million in total assets and $124.2 million in deposits as of March 31, 1990, with assets down 35.9% from a year before. Its loans were $60.9 million.
Is Financial Security Federal Savings and Loan Association profitable?
No: it lost $3.21 million from January 1 to March 31, 1990. Its return on assets was -13.49% a year; about 1% is typical.
When did Financial Security Federal Savings and Loan Association fail?
Mar 16, 1989. Essex SB, FSB of Delray Beach, FL took over its deposits. The estimated cost of the failure was $57.8 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.