George Washington Savings and Loan Association Incorporated
Jonesboro, TN
$14.6M
total assets, December 31, 1990
$14.6M
total assets, December 31, 1990
George Washington Savings and Loan Association Incorporated was a savings and loan in Jonesboro, TN. It failed on Feb 1, 1991, and Home FS&LA Of Upper E. TN took over its deposits. At its last report it held $14.6 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1990
This bank failed
- Failed on
- Feb 1, 1991
- Assets
- $14.6M
- Deposits
- $13.3M
- Estimated cost
- $1.3M
- Deposits went to
- Home FS&LA Of Upper E. TN, Johnson City, TN
Total assets
$14.6M
-21.1% in a year · -13.8% in a quarter
Deposits
$13.3M
-24.8% in a year · -11.4% in a quarter
Loans
$13.4M
+37.8% in a year · -2.0% in a quarter
Profit so far
-$644K
Jan 1 to Dec 31, 1990
Capital ratio
0.72%
+0.72 pts in a year
Return on assets
-3.45%
-3.40 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 101 East Main St, Jonesboro, TN, 37659
- County
- Washington
- Established
- Jan 1, 1975
- Failed
- Feb 1, 1991
- Employees
- 9
- Id
- b31859
Quarter by quarter
March 31, 1984 to December 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 George Washington Savings and Loan Association Incorporated?
$14.6 million in total assets and $13.3 million in deposits as of December 31, 1990, with assets down 21.1% from a year before. Its loans were $13.4 million.
Is George Washington Savings and Loan Association Incorporated profitable?
No: it lost $644,000 from January 1 to December 31, 1990. Its return on assets was -3.45% a year; about 1% is typical.
When did George Washington Savings and Loan Association Incorporated fail?
Feb 1, 1991. Home FS&LA Of Upper E. TN of Johnson City, TN took over its deposits. The estimated cost of the failure was $1.30 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.