$34.2M
total assets, March 31, 1991
Ludington Savings Bank, FSB was a savings bank in Ludington, MI. It failed on May 17, 1991, and Northwestern SB&T took over its deposits. At its last report it held $34.2 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1991
This bank failed
- Failed on
- May 17, 1991
- Assets
- $34.2M
- Deposits
- $33.7M
- Estimated cost
- $807K
- Deposits went to
- Northwestern SB&T, Traverse City, MI
Total assets
$34.2M
-6.0% in a year · -3.6% in a quarter
Deposits
$33.7M
-5.5% in a year · -3.7% in a quarter
Loans
$25.4M
+4.7% in a year · -1.3% in a quarter
Profit so far
$35K
Jan 1 to Mar 31, 1991
Capital ratio
-1.75%
-3.13 pts in a year
Return on assets
0.40%
+9.95 pts in a year
Facts
- Type
- Savings bank
- Head office
- 101 E Court Street, Ludington, MI, 49431
- County
- Mason
- Established
- Oct 1, 1936
- Failed
- May 17, 1991
- Employees
- 18
- Id
- b29795
Quarter by quarter
March 31, 1984 to March 31, 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 Ludington Savings Bank, FSB?
$34.2 million in total assets and $33.7 million in deposits as of March 31, 1991, with assets down 6.0% from a year before. Its loans were $25.4 million.
Is Ludington Savings Bank, FSB profitable?
Yes: it earned $35,000 from January 1 to March 31, 1991. Its return on assets was 0.40% a year; about 1% is typical.
When did Ludington Savings Bank, FSB fail?
May 17, 1991. Northwestern SB&T of Traverse City, MI took over its deposits. The estimated cost of the failure was $806,591.
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.