$57.0M
total assets, March 31, 1992
First South Savings Bank was a savings and loan in Columbia, SC. It failed on Apr 24, 1992, and Southtrust Bank Of Charlest took over its deposits. At its last report it held $57.0 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1992
This bank failed
- Failed on
- Apr 24, 1992
- Assets
- $57.0M
- Deposits
- $48.5M
- Estimated cost
- $7.5M
- Deposits went to
- Southtrust Bank Of Charlest, Charleston, SC
Total assets
$57.0M
-16.9% in a year · -4.1% in a quarter
Deposits
$48.5M
-25.3% in a year · -15.2% in a quarter
Loans
$42.1M
-7.9% in a year · -4.3% in a quarter
Profit so far
-$69K
Jan 1 to Mar 31, 1992 · -463.2% in a year
Capital ratio
1.32%
-0.17 pts in a year
Return on assets
-0.47%
-0.58 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 1300 Washington St, Columbia, SC, 29211
- County
- Richland
- Established
- Dec 22, 1983
- Failed
- Apr 24, 1992
- Employees
- 16
- Id
- b32186
Quarter by quarter
March 31, 1984 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 South Savings Bank?
$57.0 million in total assets and $48.5 million in deposits as of March 31, 1992, with assets down 16.9% from a year before. Its loans were $42.1 million.
Is First South Savings Bank profitable?
No: it lost $69,000 from January 1 to March 31, 1992. Its return on assets was -0.47% a year; about 1% is typical.
When did First South Savings Bank fail?
Apr 24, 1992. Southtrust Bank Of Charlest of Charleston, SC took over its deposits. The estimated cost of the failure was $7.51 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.