$213M
total assets, June 30, 1989
Guaranty Federal Savings Bank was a savings bank in Taylor, MI. It failed on Jul 27, 1989, and National Bank Of Detroit took over its deposits. At its last report it held $212.5 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1989
This bank failed
- Failed on
- Jul 27, 1989
- Assets
- $213M
- Deposits
- $192M
- Estimated cost
- $7.9M
- Deposits went to
- National Bank Of Detroit, Detroit, MI
- Rescued on
- Jul 22, 1983
- Assets
- $143M
- Deposits
- $134M
- Estimated cost
- $1.0M
- How
- Guaranty FS&LA, Taylor, MI
It also received outside help once before.
Total assets
$213M
-12.4% in a year · -5.2% in a quarter
Deposits
$192M
-9.4% in a year · -2.3% in a quarter
Loans
$142M
-9.4% in a year · -1.9% in a quarter
Profit so far
-$3.4M
Jan 1 to Jun 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-3.04%
-2.05 pts in a year
Facts
- Type
- Savings bank
- Head office
- 23333 Eureka Rd, Taylor, MI, 48180
- County
- Wayne
- Established
- Nov 7, 1950
- Failed
- Jul 27, 1989
- Id
- b30484
Quarter by quarter
March 31, 1984 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 Guaranty Federal Savings Bank?
$212.5 million in total assets and $192.5 million in deposits as of June 30, 1989, with assets down 12.4% from a year before. Its loans were $141.5 million.
Is Guaranty Federal Savings Bank profitable?
No: it lost $3.39 million from January 1 to June 30, 1989. Its return on assets was -3.04% a year; about 1% is typical.
When did Guaranty Federal Savings Bank fail?
Jul 27, 1989. National Bank Of Detroit of Detroit, MI took over its deposits. The estimated cost of the failure was $7.92 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.