First Federal Savings and Loan Association of Elk City
Elk City, OK
$107M
total assets, June 30, 1988
$107M
total assets, June 30, 1988
First Federal Savings and Loan Association of Elk City was a savings and loan in Elk City, OK. It failed on Aug 31, 1988, and Red River FS&LA took over its deposits. At its last report it held $106.7 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1988
This bank failed
- Failed on
- Aug 31, 1988
- Assets
- $107M
- Deposits
- $133M
- Estimated cost
- $95.0M
- Deposits went to
- Red River FS&LA, Lawton, OK
Total assets
$107M
-14.3% in a year · -6.8% in a quarter
Deposits
$133M
-0.2% in a year · -1.2% in a quarter
Loans
$70.5M
-8.1% in a year · -3.4% in a quarter
Profit so far
-$5.9M
Jan 1 to Jun 30, 1988
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-10.42%
-6.97 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 200 E Broadway, Elk City, OK, 73644
- County
- Beckham
- Established
- Jan 1, 1920
- Failed
- Aug 31, 1988
- Id
- b28648
Quarter by quarter
March 31, 1984 to June 30, 1988
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 Elk City?
$106.7 million in total assets and $133.0 million in deposits as of June 30, 1988, with assets down 14.3% from a year before. Its loans were $70.5 million.
Is First Federal Savings and Loan Association of Elk City profitable?
No: it lost $5.85 million from January 1 to June 30, 1988. Its return on assets was -10.42% a year; about 1% is typical.
When did First Federal Savings and Loan Association of Elk City fail?
Aug 31, 1988. Red River FS&LA of Lawton, OK took over its deposits. The estimated cost of the failure was $95.0 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.