Pelican Homestead and Savings Association
Metairie, LA
$1.3B
total assets, December 31, 1991
$1.3B
total assets, December 31, 1991
Pelican Homestead and Savings Association was a savings and loan in Metairie, LA. It failed on Jan 31, 1992, and First Commerce Corp. took over its deposits. At its last report it held $1.3 billion in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1991
This bank failed
- Failed on
- Jan 31, 1992
- Assets
- $1.3B
- Deposits
- $1.5B
- Estimated cost
- $288M
- Deposits went to
- First Commerce Corp., New Orleans, LA
Total assets
$1.3B
-13.1% in a year · -4.4% in a quarter
Deposits
$1.5B
-6.0% in a year · -3.4% in a quarter
Loans
$687M
-9.5% in a year · -2.6% in a quarter
Profit so far
-$27.0M
Jan 1 to Dec 31, 1991
Capital ratio
-21.37%
-4.50 pts in a year
Return on assets
-1.94%
+0.50 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 2121 Airline Highway, Metairie, LA, 70001
- County
- Jefferson
- Established
- Jan 1, 1922
- Failed
- Jan 31, 1992
- Employees
- 629
- Id
- b29518
Quarter by quarter
March 31, 1984 to December 31, 1991
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 Pelican Homestead and Savings Association?
$1.3 billion in total assets and $1.5 billion in deposits as of December 31, 1991, with assets down 13.1% from a year before. Its loans were $687.0 million.
Is Pelican Homestead and Savings Association profitable?
No: it lost $27.0 million from January 1 to December 31, 1991. Its return on assets was -1.94% a year; about 1% is typical.
When did Pelican Homestead and Savings Association fail?
Jan 31, 1992. First Commerce Corp. of New Orleans, LA took over its deposits. The estimated cost of the failure was $288.3 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.