Heartland Savings and Loan Association
La Mesa, CA
$122M
total assets, June 30, 1991
$122M
total assets, June 30, 1991
Heartland Savings and Loan Association was a savings and loan in La Mesa, CA. It failed on Sep 6, 1991, and Union Bank took over its deposits. At its last report it held $121.7 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1991
This bank failed
- Failed on
- Sep 6, 1991
- Assets
- $122M
- Deposits
- $121M
- Estimated cost
- $18.4M
- Deposits went to
- Union Bank, San Francisco, CA
Total assets
$122M
+2.0% in a year · -0.1% in a quarter
Deposits
$121M
+7.5% in a year · -0.5% in a quarter
Loans
$90.9M
-9.4% in a year · -5.0% in a quarter
Profit so far
-$979K
Jan 1 to Jun 30, 1991
Capital ratio
-1.32%
-2.84 pts in a year
Return on assets
-1.65%
-1.03 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 8811 Grossmont Boulevard, La Mesa, CA, 91941
- County
- San Diego
- Established
- Jan 1, 1978
- Failed
- Sep 6, 1991
- Employees
- 40
- Id
- b32023
Quarter by quarter
March 31, 1984 to June 30, 1991
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 Heartland Savings and Loan Association?
$121.7 million in total assets and $120.8 million in deposits as of June 30, 1991, with assets up 2.0% from a year before. Its loans were $90.9 million.
Is Heartland Savings and Loan Association profitable?
No: it lost $979,000 from January 1 to June 30, 1991. Its return on assets was -1.65% a year; about 1% is typical.
When did Heartland Savings and Loan Association fail?
Sep 6, 1991. Union Bank of San Francisco, CA took over its deposits. The estimated cost of the failure was $18.4 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.