First Savings of America, A Federal Savings and Loan Association
Orland Park, IL
$21.8M
total assets, June 30, 1989
$21.8M
total assets, June 30, 1989
First Savings of America, A Federal Savings and Loan Association was a savings and loan in Orland Park, IL. It failed on Mar 16, 1989, and ST. Paul FB For Savings took over its deposits. At its last report it held $23.5 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1989
This bank failed
- Failed on
- Mar 16, 1989
- Assets
- $23.5M
- Deposits
- $47.3M
- Estimated cost
- $31.4M
- Deposits went to
- ST. Paul FB For Savings, Chicago, IL
Total assets
$21.8M
-14.8% in a year · +3.6% in a quarter
Deposits
$46.4M
-3.8% in a year · +6.2% in a quarter
Loans
$16.8M
-31.1% in a year · -1.9% in a quarter
Profit so far
-$2.2M
Jan 1 to Jun 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-19.76%
+9.80 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 9031 West 151st Street, Orland Park, IL, 60462
- County
- Cook
- Established
- Dec 12, 1986
- Failed
- Aug 10, 1989
- Id
- b32513
Quarter by quarter
December 31, 1986 to June 30, 1989
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 11
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First Savings of America, A Federal Savings and Loan Association?
$21.8 million in total assets and $46.4 million in deposits as of June 30, 1989, with assets down 14.8% from a year before. Its loans were $16.8 million.
Is First Savings of America, A Federal Savings and Loan Association profitable?
No: it lost $2.18 million from January 1 to June 30, 1989. Its return on assets was -19.76% a year; about 1% is typical.
When did First Savings of America, A Federal Savings and Loan Association fail?
Mar 16, 1989. ST. Paul FB For Savings of Chicago, IL took over its deposits. The estimated cost of the failure was $31.4 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.