Financial Security Savings and Loan Association
Delray Beach, FL
$150M
total assets, September 30, 1988
$150M
total assets, September 30, 1988
Financial Security Savings and Loan Association was a savings and loan in Delray Beach, FL. It failed on Oct 6, 1988, and its insured deposits were paid out. At its last report it held $150.1 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1988
This bank failed
- Failed on
- Oct 6, 1988
- Assets
- $150M
- Deposits
- $166M
- Estimated cost
- Not known
- Deposits went to
- assisted merger
Total assets
$150M
-25.4% in a year · -5.9% in a quarter
Deposits
$166M
-14.9% in a year · -4.2% in a quarter
Loans
$132M
-13.6% in a year · -1.5% in a quarter
Profit so far
-$16.7M
Jan 1 to Sep 30, 1988
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-13.11%
-10.44 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 7239 West Atlantic Avenue, Delray Beach, FL, 33446
- County
- Palm Beach
- Established
- Feb 25, 1983
- Failed
- Dec 31, 1988
- Id
- b32155
Quarter by quarter
March 31, 1984 to September 30, 1988
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 Financial Security Savings and Loan Association?
$150.1 million in total assets and $166.3 million in deposits as of September 30, 1988, with assets down 25.4% from a year before. Its loans were $132.3 million.
Is Financial Security Savings and Loan Association profitable?
No: it lost $16.7 million from January 1 to September 30, 1988. Its return on assets was -13.11% a year; about 1% is typical.
When did Financial Security Savings and Loan Association fail?
Oct 6, 1988.
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.