$35.0M
total assets, March 31, 1992
First Newport Bank, F.S.B. was a savings bank in Newport Beach, CA. It failed on Jun 19, 1992, and Sterling B&T, FSB took over its deposits. At its last report it held $35.0 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1992
This bank failed
- Failed on
- Jun 19, 1992
- Assets
- $35.0M
- Deposits
- $34.4M
- Estimated cost
- $3.2M
- Deposits went to
- Sterling B&T, FSB, Southfield, MI
Total assets
$35.0M
-51.8% in a year · -4.6% in a quarter
Deposits
$34.4M
-45.4% in a year · -4.0% in a quarter
Loans
$25.2M
-39.8% in a year · +1.0% in a quarter
Profit so far
-$96K
Jan 1 to Mar 31, 1992 · -431.0% in a year
Capital ratio
-0.10%
-3.17 pts in a year
Return on assets
-1.07%
-1.23 pts in a year
Facts
- Type
- Savings bank
- Head office
- 2121 San Joaquin Hills Road, Newport Beach, CA, 92660
- County
- Orange
- Established
- Jan 30, 1986
- Failed
- Jun 19, 1992
- Id
- b32452
Quarter by quarter
March 31, 1986 to March 31, 1992
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 Newport Bank, F.S.B.?
$35.0 million in total assets and $34.4 million in deposits as of March 31, 1992, with assets down 51.8% from a year before. Its loans were $25.2 million.
Is First Newport Bank, F.S.B. profitable?
No: it lost $96,000 from January 1 to March 31, 1992. Its return on assets was -1.07% a year; about 1% is typical.
When did First Newport Bank, F.S.B. fail?
Jun 19, 1992. Sterling B&T, FSB of Southfield, MI took over its deposits. The estimated cost of the failure was $3.19 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.