Second National Federal Savings Bank
Salisbury, MD
$1.6B
total assets, September 30, 1992
$1.6B
total assets, September 30, 1992
Second National Federal Savings Bank was a savings bank in Salisbury, MD. It failed on Dec 4, 1992, and Branch Sale took over its deposits. At its last report it held $1.6 billion in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1992
This bank failed
- Failed on
- Dec 4, 1992
- Assets
- $1.6B
- Deposits
- $1.2B
- Estimated cost
- $78.0M
- Deposits went to
- Branch Sale, None, NA
Total assets
$1.6B
-6.9% in a year · -1.6% in a quarter
Deposits
$1.2B
-6.1% in a year · -1.6% in a quarter
Loans
$1.1B
-22.7% in a year · -13.3% in a quarter
Profit so far
-$1.7M
Jan 1 to Sep 30, 1992
Capital ratio
0.63%
-0.93 pts in a year
Return on assets
-0.14%
+1.42 pts in a year
Facts
- Type
- Savings bank
- Head office
- Route 50 & Phillip Morris Drive, Salisbury, MD, 21801
- County
- Wicomico
- Established
- Jan 1, 1924
- Failed
- Dec 4, 1992
- Employees
- 458
- Id
- b32339
Quarter by quarter
September 30, 1985 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 Second National Federal Savings Bank?
$1.6 billion in total assets and $1.2 billion in deposits as of September 30, 1992, with assets down 6.9% from a year before. Its loans were $1.1 billion.
Is Second National Federal Savings Bank profitable?
No: it lost $1.73 million from January 1 to September 30, 1992. Its return on assets was -0.14% a year; about 1% is typical.
When did Second National Federal Savings Bank fail?
Dec 4, 1992. Branch Sale of None, NA took over its deposits. The estimated cost of the failure was $78.0 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.