First Federal Savings and Loan Association of Fargo
Fargo, ND
$50.0M
total assets, March 31, 1991
$50.0M
total assets, March 31, 1991
First Federal Savings and Loan Association of Fargo was a savings and loan in Fargo, ND. It failed on May 10, 1991, and First NB Of ND took over its deposits. At its last report it held $50.0 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1991
This bank failed
- Failed on
- May 10, 1991
- Assets
- $50.0M
- Deposits
- $51.2M
- Estimated cost
- $3.0M
- Deposits went to
- First NB Of ND, Grand Forks, ND
Total assets
$50.0M
-11.3% in a year · -1.6% in a quarter
Deposits
$51.2M
-8.1% in a year · -2.1% in a quarter
Loans
$32.9M
-22.3% in a year · -5.9% in a quarter
Profit so far
$163K
Jan 1 to Mar 31, 1991 · +8050.0% in a year
Capital ratio
-3.63%
-1.38 pts in a year
Return on assets
1.29%
+1.28 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 325 Broadway, Fargo, ND, 58102
- County
- Cass
- Established
- Jan 1, 1880
- Failed
- May 10, 1991
- Employees
- 23
- Id
- b28265
Quarter by quarter
March 31, 1984 to March 31, 1991
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 Fargo?
$50.0 million in total assets and $51.2 million in deposits as of March 31, 1991, with assets down 11.3% from a year before. Its loans were $32.9 million.
Is First Federal Savings and Loan Association of Fargo profitable?
Yes: it earned $163,000 from January 1 to March 31, 1991 (up 8050.0% from the same months a year before). Its return on assets was 1.29% a year; about 1% is typical.
When did First Federal Savings and Loan Association of Fargo fail?
May 10, 1991. First NB Of ND of Grand Forks, ND took over its deposits. The estimated cost of the failure was $3.04 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.