First Federal Savings and Loan Association
Toledo, OH
$1.0B
total assets, December 31, 1990
$1.0B
total assets, December 31, 1990
First Federal Savings and Loan Association was a savings and loan in Toledo, OH. It failed on Feb 1, 1991, and First FSB took over its deposits. At its last report it held $1.0 billion in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1990
This bank failed
- Failed on
- Feb 1, 1991
- Assets
- $1.0B
- Deposits
- $1.0B
- Estimated cost
- $38.4M
- Deposits went to
- First FSB, Cleveland, OH
Total assets
$1.0B
-18.6% in a year · -0.4% in a quarter
Deposits
$1.0B
-16.9% in a year · -0.2% in a quarter
Loans
$866M
-17.9% in a year · -2.9% in a quarter
Profit so far
-$24.3M
Jan 1 to Dec 31, 1990
Capital ratio
0.14%
+0.14 pts in a year
Return on assets
-2.17%
+0.41 pts in a year
Facts
- Type
- Savings and loan
- Head office
- First Federal Plaza, 701 Adams Street, Toledo, OH, 43624
- County
- Lucas
- Established
- Apr 26, 1935
- Failed
- Feb 28, 1991
- Employees
- 350
- Id
- b29422
Quarter by quarter
March 31, 1984 to December 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?
$1.0 billion in total assets and $1.0 billion in deposits as of December 31, 1990, with assets down 18.6% from a year before. Its loans were $866.4 million.
Is First Federal Savings and Loan Association profitable?
No: it lost $24.3 million from January 1 to December 31, 1990. Its return on assets was -2.17% a year; about 1% is typical.
When did First Federal Savings and Loan Association fail?
Feb 1, 1991. First FSB of Cleveland, OH took over its deposits. The estimated cost of the failure was $38.4 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.