First America Federal Savings Bank
Fort Smith, AR
$451M
total assets, March 31, 1990
$451M
total assets, March 31, 1990
First America Federal Savings Bank was a savings bank in Fort Smith, AR. It failed on May 25, 1990, and Branch Sale took over its deposits. At its last report it held $450.7 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1990
This bank failed
- Failed on
- May 25, 1990
- Assets
- $451M
- Deposits
- $444M
- Estimated cost
- $45.2M
- Deposits went to
- Branch Sale, None, NA
Total assets
$451M
-10.6% in a year · -5.4% in a quarter
Deposits
$444M
-4.5% in a year · -1.2% in a quarter
Loans
$266M
-9.7% in a year · -2.0% in a quarter
Profit so far
-$366K
Jan 1 to Mar 31, 1990
Capital ratio
-4.47%
-4.47 pts in a year
Return on assets
-0.32%
+0.58 pts in a year
Facts
- Type
- Savings bank
- Head office
- 6th And Garrison, Fort Smith, AR, 72901
- County
- Sebastian
- Established
- Jan 1, 1920
- Failed
- May 25, 1990
- Employees
- 188
- Id
- b27980
Quarter by quarter
March 31, 1984 to March 31, 1990
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 First America Federal Savings Bank?
$450.7 million in total assets and $444.2 million in deposits as of March 31, 1990, with assets down 10.6% from a year before. Its loans were $265.6 million.
Is First America Federal Savings Bank profitable?
No: it lost $366,000 from January 1 to March 31, 1990. Its return on assets was -0.32% a year; about 1% is typical.
When did First America Federal Savings Bank fail?
May 25, 1990. Branch Sale of None, NA took over its deposits. The estimated cost of the failure was $45.2 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.