Heritage Federal Savings and Loan Association
Monroe, NC
$191M
total assets, June 30, 1990
$191M
total assets, June 30, 1990
Heritage Federal Savings and Loan Association was a savings and loan in Monroe, NC. It failed on Mar 30, 1989, and First Citizens B&TC took over its deposits. At its last report it held $311.7 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1990
This bank failed
- Failed on
- Mar 30, 1989
- Assets
- $312M
- Deposits
- $254M
- Estimated cost
- $49.2M
- Deposits went to
- First Citizens B&TC, Raleigh, NC
Total assets
$191M
-24.6% in a year · -7.8% in a quarter
Deposits
$174M
-23.3% in a year · -8.5% in a quarter
Loans
$146M
-20.1% in a year · -10.4% in a quarter
Profit so far
-$3.1M
Jan 1 to Jun 30, 1990
Capital ratio
-31.34%
-31.34 pts in a year
Return on assets
-3.04%
+28.53 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 111 E Jefferson St, Monroe, NC, 28110
- County
- Union
- Established
- Jan 1, 1908
- Failed
- Sep 21, 1990
- Employees
- 78
- Id
- b30613
Quarter by quarter
March 31, 1984 to June 30, 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 Heritage Federal Savings and Loan Association?
$190.8 million in total assets and $173.9 million in deposits as of June 30, 1990, with assets down 24.6% from a year before. Its loans were $145.8 million.
Is Heritage Federal Savings and Loan Association profitable?
No: it lost $3.10 million from January 1 to June 30, 1990. Its return on assets was -3.04% a year; about 1% is typical.
When did Heritage Federal Savings and Loan Association fail?
Mar 30, 1989. First Citizens B&TC of Raleigh, NC took over its deposits. The estimated cost of the failure was $49.2 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.