$110M
total assets, June 30, 1989
Great Atlantic Savings Bank FSB was a savings bank in Manteo, NC. It failed on Mar 30, 1989, and NCNB NB Of NC took over its deposits. At its last report it held $126.8 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1989
This bank failed
- Failed on
- Mar 30, 1989
- Assets
- $127M
- Deposits
- $124M
- Estimated cost
- $48.3M
- Deposits went to
- NCNB NB Of NC, Charlotte, NC
Total assets
$110M
-4.2% in a year · -2.5% in a quarter
Deposits
$112M
+4.0% in a year · -0.3% in a quarter
Loans
$97.1M
+5.8% in a year · -3.3% in a quarter
Profit so far
-$11.5M
Jan 1 to Jun 30, 1989 · -13208.0% in a year
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-19.79%
-19.95 pts in a year
Facts
- Type
- Savings bank
- Head office
- U. S. Highway 64, Manteo, NC, 27954
- County
- Dare
- Established
- Jun 15, 1980
- Failed
- Sep 15, 1989
- Id
- b32405
Quarter by quarter
December 31, 1985 to June 30, 1989
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 Great Atlantic Savings Bank FSB?
$110.0 million in total assets and $112.4 million in deposits as of June 30, 1989, with assets down 4.2% from a year before. Its loans were $97.1 million.
Is Great Atlantic Savings Bank FSB profitable?
No: it lost $11.5 million from January 1 to June 30, 1989. Its return on assets was -19.79% a year; about 1% is typical.
When did Great Atlantic Savings Bank FSB fail?
Mar 30, 1989. NCNB NB Of NC of Charlotte, NC took over its deposits. The estimated cost of the failure was $48.3 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.