New South Federal Savings Bank
Irondale, AL
$1.5B
total assets, September 30, 2009
$1.5B
total assets, September 30, 2009
New South Federal Savings Bank was a savings bank in Irondale, AL. It failed on Dec 18, 2009, and Beal Bank took over its deposits. At its last report it held $1.5 billion in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2009
This bank failed
- Failed on
- Dec 18, 2009
- Assets
- $1.5B
- Deposits
- $1.2B
- Estimated cost
- $312M
- Deposits went to
- Beal Bank, Plano, TX
Total assets
$1.5B
-24.7% in a year · -14.5% in a quarter
Deposits
$1.2B
-15.7% in a year · -8.8% in a quarter
Loans
$1.1B
-32.6% in a year · -10.7% in a quarter
Profit so far
-$110M
Jan 1 to Sep 30, 2009
Capital ratio
0.28%
-6.44 pts in a year
Return on assets
-8.40%
-7.84 pts in a year
Facts
- Type
- Savings bank
- Head office
- 2000 Crestwood Blvd, Irondale, AL, 35210
- County
- Jefferson
- Established
- Jan 24, 1985
- Failed
- Dec 18, 2009
- Employees
- 381
- Branches
- 1
- Id
- b32276
Quarter by quarter
June 30, 1985 to September 30, 2009
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 South Federal Savings Bank?
$1.5 billion in total assets and $1.2 billion in deposits as of September 30, 2009, with assets down 24.7% from a year before. Its loans were $1.1 billion.
How many branches does New South Federal Savings Bank have?
1 branch in Alabama as of June 30, 2026.
Is New South Federal Savings Bank profitable?
No: it lost $110.1 million from January 1 to September 30, 2009. Its return on assets was -8.40% a year; about 1% is typical.
When did New South Federal Savings Bank fail?
Dec 18, 2009. Beal Bank of Plano, TX took over its deposits. The estimated cost of the failure was $311.6 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.