Modern Federal Savings and Loan Association
Grand Junction, CO
$56.0M
total assets, December 31, 1989
$56.0M
total assets, December 31, 1989
Modern Federal Savings and Loan Association was a savings and loan in Grand Junction, CO. It failed on Mar 9, 1989, and Centennial SB took over its deposits. At its last report it held $70.4 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1989
This bank failed
- Failed on
- Mar 9, 1989
- Assets
- $70.4M
- Deposits
- $71.5M
- Estimated cost
- $2.2M
- Deposits went to
- Centennial SB, Durango, CO
Total assets
$56.0M
-20.5% in a year · -8.5% in a quarter
Deposits
$56.5M
-21.0% in a year · -1.0% in a quarter
Loans
$35.0M
-8.6% in a year · -2.2% in a quarter
Profit so far
-$1.9M
Jan 1 to Dec 31, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-2.89%
-1.52 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 235 North Seventh Street, Grand Junction, CO, 81501
- County
- Mesa
- Established
- Jan 1, 1904
- Failed
- Jan 26, 1990
- Id
- b28775
Quarter by quarter
March 31, 1984 to December 31, 1989
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 Modern Federal Savings and Loan Association?
$56.0 million in total assets and $56.5 million in deposits as of December 31, 1989, with assets down 20.5% from a year before. Its loans were $35.0 million.
Is Modern Federal Savings and Loan Association profitable?
No: it lost $1.88 million from January 1 to December 31, 1989. Its return on assets was -2.89% a year; about 1% is typical.
When did Modern Federal Savings and Loan Association fail?
Mar 9, 1989. Centennial SB of Durango, CO took over its deposits. The estimated cost of the failure was $2.20 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.