Security Federal Savings and Loan Association
Garden Grove, CA
$71.0M
total assets, September 30, 1989
$71.0M
total assets, September 30, 1989
Security Federal Savings and Loan Association was a savings and loan in Garden Grove, CA. It failed on Nov 16, 1989, and Itt FB, FSB took over its deposits. At its last report it held $71.0 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1989
This bank failed
- Failed on
- Nov 16, 1989
- Assets
- $71.0M
- Deposits
- $74.7M
- Estimated cost
- $3K
- Deposits went to
- Itt FB, FSB, Irvine, CA
Total assets
$71.0M
-13.3% in a year · -3.1% in a quarter
Deposits
$74.7M
-6.3% in a year · -0.9% in a quarter
Loans
$50.7M
-8.9% in a year · +6.8% in a quarter
Profit so far
-$5.2M
Jan 1 to Sep 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-9.52%
-8.68 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 12221 Brookhurst St, Garden Grove, CA, 92642
- County
- Orange
- Established
- Sep 9, 1957
- Failed
- Nov 16, 1989
- Id
- b30982
Quarter by quarter
March 31, 1984 to September 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 Security Federal Savings and Loan Association?
$71.0 million in total assets and $74.7 million in deposits as of September 30, 1989, with assets down 13.3% from a year before. Its loans were $50.7 million.
Is Security Federal Savings and Loan Association profitable?
No: it lost $5.24 million from January 1 to September 30, 1989. Its return on assets was -9.52% a year; about 1% is typical.
When did Security Federal Savings and Loan Association fail?
Nov 16, 1989. Itt FB, FSB of Irvine, CA took over its deposits. The estimated cost of the failure was $2,801.
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.