First South Savings Association
Port Neches, TX
$212M
total assets, September 30, 1990
$212M
total assets, September 30, 1990
First South Savings Association was a savings and loan in Port Neches, TX. It failed on Mar 15, 1989, and Payout took over its deposits. At its last report it held $278.0 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1990
This bank failed
- Failed on
- Mar 15, 1989
- Assets
- $278M
- Deposits
- $455M
- Estimated cost
- $551M
- Deposits went to
- Payout, None, NA
Total assets
$212M
-21.6% in a year · -5.6% in a quarter
Deposits
$496M
+11.3% in a year · -0.4% in a quarter
Loans
$107M
-7.5% in a year · -0.8% in a quarter
Profit so far
-$39.1M
Jan 1 to Sep 30, 1990
Capital ratio
-175.21%
-175.21 pts in a year
Return on assets
-22.96%
-5.57 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 2550 Gray Falls Suite 200, Port Neches, TX, 77651
- County
- Jefferson
- Established
- Oct 28, 1953
- Failed
- Dec 14, 1990
- Employees
- 51
- Id
- b30622
Quarter by quarter
March 31, 1984 to September 30, 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 South Savings Association?
$211.8 million in total assets and $495.7 million in deposits as of September 30, 1990, with assets down 21.6% from a year before. Its loans were $107.4 million.
Is First South Savings Association profitable?
No: it lost $39.1 million from January 1 to September 30, 1990. Its return on assets was -22.96% a year; about 1% is typical.
When did First South Savings Association fail?
Mar 15, 1989. Payout of None, NA took over its deposits. The estimated cost of the failure was $551.4 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.