First Federal Savings and Loan Association
Andalusia, AL
$38.7M
total assets, September 30, 1990
$38.7M
total assets, September 30, 1990
First Federal Savings and Loan Association was a savings and loan in Andalusia, AL. It failed on Dec 28, 1990, and Colonial Bank took over its deposits. At its last report it held $38.7 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1990
This bank failed
- Failed on
- Dec 28, 1990
- Assets
- $38.7M
- Deposits
- $37.7M
- Estimated cost
- $6.3M
- Deposits went to
- Colonial Bank, Montgomery, AL
Total assets
$38.7M
-9.3% in a year · -3.3% in a quarter
Deposits
$37.7M
-6.7% in a year · -4.2% in a quarter
Loans
$23.0M
-11.2% in a year · -0.3% in a quarter
Profit so far
-$980K
Jan 1 to Sep 30, 1990
Capital ratio
0.23%
+0.23 pts in a year
Return on assets
-3.25%
-2.53 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 1100 East Three-Notch Street, Andalusia, AL, 36420
- County
- Covington
- Established
- Aug 1, 1934
- Failed
- Dec 28, 1990
- Employees
- 20
- Id
- b29116
Quarter by quarter
March 31, 1984 to September 30, 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 Federal Savings and Loan Association?
$38.7 million in total assets and $37.7 million in deposits as of September 30, 1990, with assets down 9.3% from a year before. Its loans were $23.0 million.
Is First Federal Savings and Loan Association profitable?
No: it lost $980,000 from January 1 to September 30, 1990. Its return on assets was -3.25% a year; about 1% is typical.
When did First Federal Savings and Loan Association fail?
Dec 28, 1990. Colonial Bank of Montgomery, AL took over its deposits. The estimated cost of the failure was $6.33 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.