$108M
total assets, September 30, 1991
Life Savings Bank was a savings and loan in Clearwater, FL. It failed on Oct 11, 1991, and Life SB, FSB took over its deposits. At its last report it held $107.6 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1991
This bank failed
- Failed on
- Oct 11, 1991
- Assets
- $108M
- Deposits
- $88.5M
- Estimated cost
- $9.2M
- Deposits went to
- Life SB, FSB, Clearwater, FL
Total assets
$108M
-15.3% in a year · -2.9% in a quarter
Deposits
$88.5M
-23.5% in a year · -5.9% in a quarter
Loans
$83.5M
-14.5% in a year · -5.1% in a quarter
Profit so far
-$2.3M
Jan 1 to Sep 30, 1991
Capital ratio
-0.29%
-2.71 pts in a year
Return on assets
-2.71%
-1.58 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 301 U S Highway 19 North, Clearwater, FL, 33515
- County
- Pinellas
- Established
- Nov 19, 1979
- Failed
- Oct 11, 1991
- Employees
- 40
- Id
- b31990
Quarter by quarter
March 31, 1984 to September 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 Life Savings Bank?
$107.6 million in total assets and $88.5 million in deposits as of September 30, 1991, with assets down 15.3% from a year before. Its loans were $83.5 million.
Is Life Savings Bank profitable?
No: it lost $2.31 million from January 1 to September 30, 1991. Its return on assets was -2.71% a year; about 1% is typical.
When did Life Savings Bank fail?
Oct 11, 1991. Life SB, FSB of Clearwater, FL took over its deposits. The estimated cost of the failure was $9.21 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.