First American Savings Bank, F.S.B.
Greensboro, NC
$804M
total assets, March 31, 1992
$804M
total assets, March 31, 1992
First American Savings Bank, F.S.B. was a savings bank in Greensboro, NC. It failed on Jun 5, 1992, and Centura Bank took over its deposits. At its last report it held $804.3 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1992
This bank failed
- Failed on
- Jun 5, 1992
- Assets
- $804M
- Deposits
- $639M
- Estimated cost
- $35.4M
- Deposits went to
- Centura Bank, Rocky Mount, NC
Total assets
$804M
-8.2% in a year · -8.4% in a quarter
Deposits
$639M
+1.0% in a year · +0.4% in a quarter
Loans
$458M
-8.7% in a year · -7.8% in a quarter
Profit so far
$3.5M
Jan 1 to Mar 31, 1992
Capital ratio
-4.36%
+0.45 pts in a year
Return on assets
1.67%
+2.74 pts in a year
Facts
- Type
- Savings bank
- Head office
- 2506 Randleman Road, Greensboro, NC, 27406
- County
- Guilford
- Established
- Dec 1, 1935
- Failed
- Jun 5, 1992
- Employees
- 290
- Id
- b29595
Quarter by quarter
March 31, 1984 to March 31, 1992
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 American Savings Bank, F.S.B.?
$804.3 million in total assets and $639.1 million in deposits as of March 31, 1992, with assets down 8.2% from a year before. Its loans were $458.3 million.
Is First American Savings Bank, F.S.B. profitable?
Yes: it earned $3.50 million from January 1 to March 31, 1992. Its return on assets was 1.67% a year; about 1% is typical.
When did First American Savings Bank, F.S.B. fail?
Jun 5, 1992. Centura Bank of Rocky Mount, NC took over its deposits. The estimated cost of the failure was $35.4 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.