First Federal Savings and Loan Association of Brookhaven
Brookhaven, MS
$42.7M
total assets, December 31, 1989
$42.7M
total assets, December 31, 1989
First Federal Savings and Loan Association of Brookhaven was a savings and loan in Brookhaven, MS. It failed on Jan 18, 1990, and Magnolia FB For Savings took over its deposits. At its last report it held $42.7 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1989
This bank failed
- Failed on
- Jan 18, 1990
- Assets
- $42.7M
- Deposits
- $42.0M
- Estimated cost
- $8.2M
- Deposits went to
- Magnolia FB For Savings, Hattiesburg, MS
Total assets
$42.7M
-12.4% in a year · -3.7% in a quarter
Deposits
$42.0M
-11.7% in a year · -1.9% in a quarter
Loans
$19.5M
-9.3% in a year · -2.8% in a quarter
Profit so far
-$1.8M
Jan 1 to Dec 31, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-3.86%
-1.84 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 303 West Cherokee St, Brookhaven, MS, 39601
- County
- Lincoln
- Established
- Jan 1, 1961
- Failed
- Jan 18, 1990
- Id
- b31310
Quarter by quarter
March 31, 1984 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 Federal Savings and Loan Association of Brookhaven?
$42.7 million in total assets and $42.0 million in deposits as of December 31, 1989, with assets down 12.4% from a year before. Its loans were $19.5 million.
Is First Federal Savings and Loan Association of Brookhaven profitable?
No: it lost $1.76 million from January 1 to December 31, 1989. Its return on assets was -3.86% a year; about 1% is typical.
When did First Federal Savings and Loan Association of Brookhaven fail?
Jan 18, 1990. Magnolia FB For Savings of Hattiesburg, MS took over its deposits. The estimated cost of the failure was $8.18 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.