First Federal Savings and Loan Association of Colorado Springs
Colorado Springs, CO
$247M
total assets, March 31, 1990
$247M
total assets, March 31, 1990
First Federal Savings and Loan Association of Colorado Springs was a savings and loan in Colorado Springs, CO. It failed on Mar 9, 1989, and Western NB Of Co took over its deposits. At its last report it held $354.9 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1990
This bank failed
- Failed on
- Mar 9, 1989
- Assets
- $355M
- Deposits
- $314M
- Estimated cost
- $195M
- Deposits went to
- Western NB Of Co, Colorado Springs, CO
Total assets
$247M
-24.2% in a year · -2.8% in a quarter
Deposits
$285M
-11.3% in a year · -0.9% in a quarter
Loans
$203M
-20.9% in a year · -4.1% in a quarter
Profit so far
-$17.8M
Jan 1 to Mar 31, 1990
Capital ratio
-49.53%
-49.53 pts in a year
Return on assets
-28.44%
+9.35 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 5255 North Academy Boulevard, Colorado Springs, CO, 80907
- County
- El Paso
- Established
- Jan 1, 1933
- Failed
- Jun 29, 1990
- Employees
- 80
- Id
- b28819
Quarter by quarter
March 31, 1984 to March 31, 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 of Colorado Springs?
$246.9 million in total assets and $285.3 million in deposits as of March 31, 1990, with assets down 24.2% from a year before. Its loans were $202.9 million.
Is First Federal Savings and Loan Association of Colorado Springs profitable?
No: it lost $17.8 million from January 1 to March 31, 1990. Its return on assets was -28.44% a year; about 1% is typical.
When did First Federal Savings and Loan Association of Colorado Springs fail?
Mar 9, 1989. Western NB Of Co of Colorado Springs, CO took over its deposits. The estimated cost of the failure was $194.8 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.