Palm Beach Federal Savings Bank
Palm Beach Gardens, FL
$59.4M
total assets, September 30, 1992
$59.4M
total assets, September 30, 1992
Palm Beach Federal Savings Bank was a savings bank in Palm Beach Gardens, FL. It failed on Dec 8, 1992, and Southbank, A FSB took over its deposits. At its last report it held $59.4 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1992
This bank failed
- Failed on
- Dec 8, 1992
- Assets
- $59.4M
- Deposits
- $54.4M
- Estimated cost
- $20.9M
- Deposits went to
- Southbank, A FSB, Palm Beach Garde, FL
Total assets
$59.4M
+1.9% in a year · 0.0% in a quarter
Deposits
$54.4M
-0.7% in a year · +3.0% in a quarter
Loans
$46.4M
+41.0% in a year · +17.5% in a quarter
Profit so far
-$151K
Jan 1 to Sep 30, 1992
Capital ratio
4.74%
+1.70 pts in a year
Return on assets
-0.34%
+0.66 pts in a year
Facts
- Type
- Savings bank
- Head office
- 2506 P G A Plaza Blvd, & Prsprity F, Palm Beach Gardens, FL, 33410
- County
- Palm Beach
- Established
- Sep 20, 1984
- Failed
- Dec 8, 1992
- Employees
- 16
- Id
- b32244
Quarter by quarter
December 31, 1984 to September 30, 1992
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 Palm Beach Federal Savings Bank?
$59.4 million in total assets and $54.4 million in deposits as of September 30, 1992, with assets up 1.9% from a year before. Its loans were $46.4 million.
Is Palm Beach Federal Savings Bank profitable?
No: it lost $151,000 from January 1 to September 30, 1992. Its return on assets was -0.34% a year; about 1% is typical.
When did Palm Beach Federal Savings Bank fail?
Dec 8, 1992. Southbank, A FSB of Palm Beach Garde, FL took over its deposits. The estimated cost of the failure was $20.9 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.