$164M
total assets, June 30, 1990
French Market Homestead, FSA was a savings and loan in Metairie, LA. It failed on Feb 17, 1989, and First NB Of Commerce took over its deposits. At its last report it held $250.8 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1990
This bank failed
- Failed on
- Feb 17, 1989
- Assets
- $251M
- Deposits
- $238M
- Estimated cost
- $81.3M
- Deposits went to
- First NB Of Commerce, New Orleans, LA
Total assets
$164M
-22.6% in a year · -3.9% in a quarter
Deposits
$220M
+0.7% in a year · -1.2% in a quarter
Loans
$144M
-19.4% in a year · -6.0% in a quarter
Profit so far
-$6.2M
Jan 1 to Jun 30, 1990
Capital ratio
-38.45%
-38.45 pts in a year
Return on assets
-7.20%
-2.96 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 3900 Veterans Blvd., Metairie, LA, 70002
- County
- Jefferson
- Established
- Aug 7, 1987
- Failed
- Sep 14, 1990
- Employees
- 122
- Id
- b32552
Quarter by quarter
September 30, 1987 to June 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 French Market Homestead, FSA?
$164.4 million in total assets and $220.4 million in deposits as of June 30, 1990, with assets down 22.6% from a year before. Its loans were $144.2 million.
Is French Market Homestead, FSA profitable?
No: it lost $6.20 million from January 1 to June 30, 1990. Its return on assets was -7.20% a year; about 1% is typical.
When did French Market Homestead, FSA fail?
Feb 17, 1989. First NB Of Commerce of New Orleans, LA took over its deposits. The estimated cost of the failure was $81.3 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.