First East Side Savings Bank
Tamarac, FL · Owner: Raddatz Family LTD Partnership
$65.7M
total assets, September 30, 2012
$65.7M
total assets, September 30, 2012
First East Side Savings Bank was a savings bank in Tamarac, FL, owned by Raddatz Family LTD Partnership. It failed on Oct 19, 2012, and Stearns Bank National Association took over its deposits. At its last report it held $65.7 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2012
This bank failed
- Failed on
- Oct 19, 2012
- Assets
- $65.7M
- Deposits
- $64.9M
- Estimated cost
- $12.4M
- Deposits went to
- Stearns Bank National Association, ST. Cloud, MN
Total assets
$65.7M
-9.8% in a year · -2.2% in a quarter
Deposits
$64.9M
-5.4% in a year · -1.6% in a quarter
Loans
$39.8M
-5.0% in a year · -4.4% in a quarter
Profit so far
-$2.9M
Jan 1 to Sep 30, 2012
Capital ratio
0.28%
-4.89 pts in a year
Return on assets
-5.60%
-1.77 pts in a year
Facts
- Type
- Savings bank
- Head office
- 9399 West Commercial Boulevard, Tamarac, FL, 33351
- County
- Broward
- Holding company
- Raddatz Family LTD Partnership
- Established
- Jan 1, 1920
- Failed
- Oct 19, 2012
- Employees
- 12
- Branches
- 1
- Id
- b28144
Quarter by quarter
March 31, 1984 to September 30, 2012
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 East Side Savings Bank?
$65.7 million in total assets and $64.9 million in deposits as of September 30, 2012, with assets down 9.8% from a year before. Its loans were $39.8 million.
How many branches does First East Side Savings Bank have?
1 branch in Florida as of June 30, 2026.
Is First East Side Savings Bank profitable?
No: it lost $2.87 million from January 1 to September 30, 2012. Its return on assets was -5.60% a year; about 1% is typical.
Who owns First East Side Savings Bank?
First East Side Savings Bank is owned by Raddatz Family LTD Partnership, its holding company.
When did First East Side Savings Bank fail?
Oct 19, 2012. Stearns Bank National Association of ST. Cloud, MN took over its deposits. The estimated cost of the failure was $12.4 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.