First Network Savings Bank
Los Angeles, CA
$304M
total assets, March 31, 1990
$304M
total assets, March 31, 1990
First Network Savings Bank was a savings and loan in Los Angeles, CA. It failed on Apr 20, 1990, and Payout took over its deposits. At its last report it held $303.8 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1990
This bank failed
- Failed on
- Apr 20, 1990
- Assets
- $304M
- Deposits
- $394M
- Estimated cost
- $186M
- Deposits went to
- Payout, None, NA
Total assets
$304M
-42.9% in a year · -7.7% in a quarter
Deposits
$394M
-1.0% in a year · -4.6% in a quarter
Loans
$170M
-13.6% in a year · -1.7% in a quarter
Profit so far
-$5.9M
Jan 1 to Mar 31, 1990
Capital ratio
-31.75%
-31.75 pts in a year
Return on assets
-7.51%
-7.15 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 10100 Santa Monica Blvd, Los Angeles, CA, 90067
- County
- Los Angeles
- Established
- Dec 28, 1983
- Failed
- Apr 20, 1990
- Id
- b32187
Quarter by quarter
March 31, 1984 to March 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 Network Savings Bank?
$303.8 million in total assets and $393.6 million in deposits as of March 31, 1990, with assets down 42.9% from a year before. Its loans were $170.0 million.
Is First Network Savings Bank profitable?
No: it lost $5.94 million from January 1 to March 31, 1990. Its return on assets was -7.51% a year; about 1% is typical.
When did First Network Savings Bank fail?
Apr 20, 1990. Payout of None, NA took over its deposits. The estimated cost of the failure was $186.1 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.