First Savings of Louisiana, FSA
La Place, LA
$23.8M
total assets, June 30, 1989
$23.8M
total assets, June 30, 1989
First Savings of Louisiana, FSA was a savings and loan in La Place, LA. It failed on Mar 2, 1989, and Hibernia NB took over its deposits. At its last report it held $25.9 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1989
This bank failed
- Failed on
- Mar 2, 1989
- Assets
- $25.9M
- Deposits
- $44.7M
- Estimated cost
- $34.3M
- Deposits went to
- Hibernia NB, New Orleans, LA
Total assets
$23.8M
-5.6% in a year · -7.0% in a quarter
Deposits
$45.6M
+6.1% in a year · 0.0% in a quarter
Loans
$15.8M
-35.1% in a year · -7.1% in a quarter
Profit so far
-$3.1M
Jan 1 to Jun 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-24.49%
-11.63 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 675 Airline Highway, La Place, LA, 70068
- County
- St. John The Baptist
- Established
- Aug 20, 1987
- Failed
- Sep 15, 1989
- Id
- b32553
Quarter by quarter
September 30, 1987 to June 30, 1989
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 8
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First Savings of Louisiana, FSA?
$23.8 million in total assets and $45.6 million in deposits as of June 30, 1989, with assets down 5.6% from a year before. Its loans were $15.8 million.
Is First Savings of Louisiana, FSA profitable?
No: it lost $3.08 million from January 1 to June 30, 1989. Its return on assets was -24.49% a year; about 1% is typical.
When did First Savings of Louisiana, FSA fail?
Mar 2, 1989. Hibernia NB of New Orleans, LA took over its deposits. The estimated cost of the failure was $34.3 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.