Independent American Savings and Loan Association
Irving, TX
$1.0B
total assets, March 31, 1987
$1.0B
total assets, March 31, 1987
Independent American Savings and Loan Association was a savings and loan in Irving, TX. It failed on May 20, 1987, and Sunbelt Savings, FSB took over its deposits. At its last report it held $1.0 billion in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1987
This bank failed
- Failed on
- May 20, 1987
- Assets
- $1.0B
- Deposits
- $1.4B
- Estimated cost
- $1.6B
- Deposits went to
- Sunbelt Savings, FSB, Dallas, TX
Total assets
$1.0B
-42.6% in a year · -6.6% in a quarter
Deposits
$1.4B
-11.2% in a year · -0.8% in a quarter
Loans
$746M
-15.5% in a year · +1.2% in a quarter
Profit so far
-$32.5M
Jan 1 to Mar 31, 1987
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-12.38%
-12.19 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 300 E John Carpenter Freeway, Irving, TX, 75062
- County
- Dallas
- Established
- Jan 1, 1959
- Failed
- May 31, 1987
- Id
- b31130
Quarter by quarter
March 31, 1984 to March 31, 1987
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 Independent American Savings and Loan Association?
$1.0 billion in total assets and $1.4 billion in deposits as of March 31, 1987, with assets down 42.6% from a year before. Its loans were $745.6 million.
Is Independent American Savings and Loan Association profitable?
No: it lost $32.5 million from January 1 to March 31, 1987. Its return on assets was -12.38% a year; about 1% is typical.
When did Independent American Savings and Loan Association fail?
May 20, 1987. Sunbelt Savings, FSB of Dallas, TX took over its deposits. The estimated cost of the failure was $1.6 billion.
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.