San Antonio Savings Association
San Antonio, TX
$2.5B
total assets, June 30, 1989
$2.5B
total assets, June 30, 1989
San Antonio Savings Association was a savings and loan in San Antonio, TX. It failed on Mar 2, 1989, and First Gibraltar Bank, FSB took over its deposits. At its last report it held $2.6 billion in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1989
This bank failed
- Failed on
- Mar 2, 1989
- Assets
- $2.6B
- Deposits
- $1.9B
- Estimated cost
- $821M
- Deposits went to
- First Gibraltar Bank, FSB, Dallas, TX
Total assets
$2.5B
-13.3% in a year · -4.9% in a quarter
Deposits
$2.1B
+7.2% in a year · +2.4% in a quarter
Loans
$1.6B
-2.6% in a year · -2.6% in a quarter
Profit so far
-$109M
Jan 1 to Jun 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-8.35%
-6.57 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 601 N W Loop 410, #31, San Antonio, TX, 78216
- County
- Bexar
- Established
- Jan 1, 1921
- Failed
- Jul 13, 1989
- Id
- b28410
Quarter by quarter
March 31, 1984 to June 30, 1989
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 San Antonio Savings Association?
$2.5 billion in total assets and $2.1 billion in deposits as of June 30, 1989, with assets down 13.3% from a year before. Its loans were $1.6 billion.
Is San Antonio Savings Association profitable?
No: it lost $108.6 million from January 1 to June 30, 1989. Its return on assets was -8.35% a year; about 1% is typical.
When did San Antonio Savings Association fail?
Mar 2, 1989. First Gibraltar Bank, FSB of Dallas, TX took over its deposits. The estimated cost of the failure was $821.4 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.