Preferred Savings Bank, Inc.
High Point, NC
$224M
total assets, December 31, 1990
$224M
total assets, December 31, 1990
Preferred Savings Bank, Inc. was a savings and loan in High Point, NC. It failed on Mar 8, 1991, and Southern NB Of NC took over its deposits. At its last report it held $224.5 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1990
This bank failed
- Failed on
- Mar 8, 1991
- Assets
- $224M
- Deposits
- $175M
- Estimated cost
- $19.2M
- Deposits went to
- Southern NB Of NC, Lumberton, NC
Total assets
$224M
-19.5% in a year · +0.4% in a quarter
Deposits
$175M
-17.1% in a year · +1.2% in a quarter
Loans
$144M
-25.2% in a year · -5.4% in a quarter
Profit so far
-$3.4M
Jan 1 to Dec 31, 1990
Capital ratio
0.05%
+0.05 pts in a year
Return on assets
-1.41%
+0.98 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 1912 Eastchester Drive, High Point, NC, 27262
- County
- Guilford
- Established
- Mar 1, 1980
- Failed
- Mar 8, 1991
- Employees
- 80
- Id
- b32340
Quarter by quarter
September 30, 1985 to December 31, 1990
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 Preferred Savings Bank, Inc.?
$224.5 million in total assets and $174.8 million in deposits as of December 31, 1990, with assets down 19.5% from a year before. Its loans were $144.3 million.
Is Preferred Savings Bank, Inc. profitable?
No: it lost $3.42 million from January 1 to December 31, 1990. Its return on assets was -1.41% a year; about 1% is typical.
When did Preferred Savings Bank, Inc. fail?
Mar 8, 1991. Southern NB Of NC of Lumberton, NC took over its deposits. The estimated cost of the failure was $19.2 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.