New Mexico Federal Savings and Loan
Albuquerque, NM
$241M
total assets, June 30, 1989
$241M
total assets, June 30, 1989
New Mexico Federal Savings and Loan was a savings and loan in Albuquerque, NM. It failed on Jul 20, 1989, and First NB In Albuquerque took over its deposits. At its last report it held $240.7 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1989
This bank failed
- Failed on
- Jul 20, 1989
- Assets
- $241M
- Deposits
- $194M
- Estimated cost
- $48.2M
- Deposits went to
- First NB In Albuquerque, Albuquerque, NM
Total assets
$241M
-7.8% in a year · -1.2% in a quarter
Deposits
$194M
-8.1% in a year · -0.1% in a quarter
Loans
$159M
-13.8% in a year · -5.3% in a quarter
Profit so far
-$4.7M
Jan 1 to Jun 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-3.82%
-2.51 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 2900 Lousiana Blvd Ne, Albuquerque, NM, 87110
- County
- Bernalillo
- Established
- Jan 1, 1961
- Failed
- Jul 20, 1989
- Id
- b31350
Quarter by quarter
March 31, 1984 to June 30, 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 New Mexico Federal Savings and Loan?
$240.7 million in total assets and $194.0 million in deposits as of June 30, 1989, with assets down 7.8% from a year before. Its loans were $159.1 million.
Is New Mexico Federal Savings and Loan profitable?
No: it lost $4.68 million from January 1 to June 30, 1989. Its return on assets was -3.82% a year; about 1% is typical.
When did New Mexico Federal Savings and Loan fail?
Jul 20, 1989. First NB In Albuquerque of Albuquerque, NM took over its deposits. The estimated cost of the failure was $48.2 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.