Phenix Federal Savings and Loan Association, FA
Phenix City, AL
$105M
total assets, March 31, 1990
$105M
total assets, March 31, 1990
Phenix Federal Savings and Loan Association, FA was a savings and loan in Phenix City, AL. It failed on Mar 9, 1989, and Branch Sale took over its deposits. At its last report it held $150.3 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1990
This bank failed
- Failed on
- Mar 9, 1989
- Assets
- $150M
- Deposits
- $195M
- Estimated cost
- $69.9M
- Deposits went to
- Branch Sale, None, NA
Total assets
$105M
-21.1% in a year · -11.6% in a quarter
Deposits
$167M
-11.4% in a year · -6.0% in a quarter
Loans
$87.6M
-10.9% in a year · -5.9% in a quarter
Profit so far
-$2.6M
Jan 1 to Mar 31, 1990
Capital ratio
-56.63%
-56.63 pts in a year
Return on assets
-9.27%
-2.56 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 910 13th Street, Phenix City, AL, 36868
- County
- Russell
- Established
- Sep 18, 1987
- Failed
- May 18, 1990
- Employees
- 55
- Id
- b32557
Quarter by quarter
September 30, 1987 to March 31, 1990
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 11
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Phenix Federal Savings and Loan Association, FA?
$105.0 million in total assets and $166.6 million in deposits as of March 31, 1990, with assets down 21.1% from a year before. Its loans were $87.6 million.
Is Phenix Federal Savings and Loan Association, FA profitable?
No: it lost $2.59 million from January 1 to March 31, 1990. Its return on assets was -9.27% a year; about 1% is typical.
When did Phenix Federal Savings and Loan Association, FA fail?
Mar 9, 1989. Branch Sale of None, NA took over its deposits. The estimated cost of the failure was $69.9 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.