First Financial Savings and Loan Association
New Albany, MS
$20.8M
total assets, December 31, 1988
$20.8M
total assets, December 31, 1988
First Financial Savings and Loan Association was a savings and loan in New Albany, MS. It failed on Jan 27, 1989, and its insured deposits were paid out. At its last report it held $20.8 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1988
This bank failed
- Failed on
- Jan 27, 1989
- Assets
- $20.8M
- Deposits
- $17.5M
- Estimated cost
- $4.9M
- Deposits went to
- insured deposit transfer
Total assets
$20.8M
+43.5% in a year · +8.5% in a quarter
Deposits
$17.5M
+25.9% in a year · -4.2% in a quarter
Loans
$10.1M
+31.0% in a year · +12.1% in a quarter
Profit so far
-$1.3M
Jan 1 to Dec 31, 1988
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-7.40%
-4.59 pts in a year
Facts
- Type
- Savings and loan
- Head office
- Bankhead Street, New Albany, MS, 38652
- County
- Union
- Established
- Jan 1, 1972
- Failed
- Jan 27, 1989
- Id
- b31846
Quarter by quarter
March 31, 1984 to December 31, 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 Financial Savings and Loan Association?
$20.8 million in total assets and $17.5 million in deposits as of December 31, 1988, with assets up 43.5% from a year before. Its loans were $10.1 million.
Is First Financial Savings and Loan Association profitable?
No: it lost $1.30 million from January 1 to December 31, 1988. Its return on assets was -7.40% a year; about 1% is typical.
When did First Financial Savings and Loan Association fail?
Jan 27, 1989. The estimated cost of the failure was $4.89 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.