First America Savings Bank, FSB
Longmont, CO
$187M
total assets, December 31, 1989
$187M
total assets, December 31, 1989
First America Savings Bank, FSB was a savings bank in Longmont, CO. It failed on Mar 16, 1990, and Branch Sale took over its deposits. At its last report it held $187.4 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1989
This bank failed
- Failed on
- Mar 16, 1990
- Assets
- $187M
- Deposits
- $147M
- Estimated cost
- $41.3M
- Deposits went to
- Branch Sale, None, NA
Total assets
$187M
+19.4% in a year · +12.1% in a quarter
Deposits
$147M
+101.7% in a year · +20.3% in a quarter
Loans
$145M
+28.4% in a year · +8.4% in a quarter
Profit so far
-$3.2M
Jan 1 to Dec 31, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-1.84%
-1.74 pts in a year
Facts
- Type
- Savings bank
- Head office
- 400 Lashley Street, Longmont, CO, 80501
- County
- Boulder
- Established
- Jun 6, 1985
- Failed
- Mar 16, 1990
- Id
- b32330
Quarter by quarter
September 30, 1985 to December 31, 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 First America Savings Bank, FSB?
$187.4 million in total assets and $146.8 million in deposits as of December 31, 1989, with assets up 19.4% from a year before. Its loans were $145.1 million.
Is First America Savings Bank, FSB profitable?
No: it lost $3.19 million from January 1 to December 31, 1989. Its return on assets was -1.84% a year; about 1% is typical.
When did First America Savings Bank, FSB fail?
Mar 16, 1990. Branch Sale of None, NA took over its deposits. The estimated cost of the failure was $41.3 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.