First Garland Savings Association
Garland, TX
$132M
total assets, June 30, 1989
$132M
total assets, June 30, 1989
First Garland Savings Association was a savings and loan in Garland, TX. It failed on Sep 21, 1989, and Kilgore FS&LA took over its deposits. At its last report it held $132.4 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1989
This bank failed
- Failed on
- Sep 21, 1989
- Assets
- $132M
- Deposits
- $106M
- Estimated cost
- $31.9M
- Deposits went to
- Kilgore FS&LA, Kilgore, TX
Total assets
$132M
-7.0% in a year · -1.0% in a quarter
Deposits
$106M
-7.6% in a year · +1.0% in a quarter
Loans
$108M
-0.3% in a year · +0.8% in a quarter
Profit so far
-$4.1M
Jan 1 to Jun 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-6.26%
-5.98 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 1200 Main Street, Garland, TX, 75040
- County
- Dallas
- Established
- Jan 1, 1935
- Failed
- Sep 21, 1989
- Id
- b29660
Quarter by quarter
March 31, 1984 to June 30, 1989
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 Garland Savings Association?
$132.4 million in total assets and $106.4 million in deposits as of June 30, 1989, with assets down 7.0% from a year before. Its loans were $107.9 million.
Is First Garland Savings Association profitable?
No: it lost $4.15 million from January 1 to June 30, 1989. Its return on assets was -6.26% a year; about 1% is typical.
When did First Garland Savings Association fail?
Sep 21, 1989. Kilgore FS&LA of Kilgore, TX took over its deposits. The estimated cost of the failure was $31.9 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.