General Savings Association
Henderson, TX
$37.2M
total assets, March 31, 1990
$37.2M
total assets, March 31, 1990
General Savings Association was a savings and loan in Henderson, TX. It failed on Mar 16, 1989, and Citizens NB Of Henderson took over its deposits. At its last report it held $74.6 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1990
This bank failed
- Failed on
- Mar 16, 1989
- Assets
- $74.6M
- Deposits
- $50.2M
- Estimated cost
- $25.4M
- Deposits went to
- Citizens NB Of Henderson, Henderson, TX
Total assets
$37.2M
-31.7% in a year · -8.2% in a quarter
Deposits
$40.7M
-14.1% in a year · -5.4% in a quarter
Loans
$26.1M
-20.7% in a year · -4.1% in a quarter
Profit so far
-$1.2M
Jan 1 to Mar 31, 1990
Capital ratio
-35.76%
-35.76 pts in a year
Return on assets
-12.59%
+28.55 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 1610 Highway 79 South, Henderson, TX, 75652
- County
- Rusk
- Established
- Jan 1, 1975
- Failed
- Jun 29, 1990
- Employees
- 15
- Id
- b31791
Quarter by quarter
March 31, 1984 to March 31, 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 General Savings Association?
$37.2 million in total assets and $40.7 million in deposits as of March 31, 1990, with assets down 31.7% from a year before. Its loans were $26.1 million.
Is General Savings Association profitable?
No: it lost $1.22 million from January 1 to March 31, 1990. Its return on assets was -12.59% a year; about 1% is typical.
When did General Savings Association fail?
Mar 16, 1989. Citizens NB Of Henderson of Henderson, TX took over its deposits. The estimated cost of the failure was $25.4 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.