Northlake Federal Savings and Loan Association
Covington, LA
$105M
total assets, March 31, 1986
$105M
total assets, March 31, 1986
Northlake Federal Savings and Loan Association was a savings and loan in Covington, LA. It failed on Jun 25, 1985, and Horizon FS&LA took over its deposits. At its last report it held $141.4 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1986
This bank failed
- Failed on
- Jun 25, 1985
- Assets
- $141M
- Deposits
- $148M
- Estimated cost
- $89.3M
- Deposits went to
- Horizon FS&LA, Baton Rouge, LA
Total assets
$105M
-25.4% in a year · -3.9% in a quarter
Deposits
$86.8M
-41.4% in a year · +2.9% in a quarter
Loans
$58.2M
-50.9% in a year · -44.3% in a quarter
Profit so far
-$6.8M
Jan 1 to Mar 31, 1986
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-25.32%
-5.76 pts in a year
Facts
- Type
- Savings and loan
- Head office
- Highway 190 South, Covington, LA, 70433
- County
- St. Tammany
- Established
- Jul 18, 1980
- Failed
- Jun 30, 1986
- Id
- b32029
Quarter by quarter
March 31, 1984 to March 31, 1986
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 9
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Northlake Federal Savings and Loan Association?
$105.4 million in total assets and $86.8 million in deposits as of March 31, 1986, with assets down 25.4% from a year before. Its loans were $58.2 million.
Is Northlake Federal Savings and Loan Association profitable?
No: it lost $6.81 million from January 1 to March 31, 1986. Its return on assets was -25.32% a year; about 1% is typical.
When did Northlake Federal Savings and Loan Association fail?
Jun 25, 1985. Horizon FS&LA of Baton Rouge, LA took over its deposits. The estimated cost of the failure was $89.3 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.