Security Federal Savings Bank
Columbia, SC
$759M
total assets, September 30, 1989
$759M
total assets, September 30, 1989
Security Federal Savings Bank was a savings bank in Columbia, SC. It failed on Nov 30, 1989, and South Carolina NB took over its deposits. At its last report it held $759.2 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1989
This bank failed
- Failed on
- Nov 30, 1989
- Assets
- $759M
- Deposits
- $667M
- Estimated cost
- $66.8M
- Deposits went to
- South Carolina NB, Columbia, SC
Total assets
$759M
-10.4% in a year · -8.7% in a quarter
Deposits
$667M
-3.3% in a year · -2.6% in a quarter
Loans
$458M
-13.8% in a year · -7.0% in a quarter
Profit so far
-$14.5M
Jan 1 to Sep 30, 1989 · -1354.4% in a year
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-2.34%
-2.52 pts in a year
Facts
- Type
- Savings bank
- Head office
- 1233 Washington St, Columbia, SC, 29201
- County
- Richland
- Established
- Jan 1, 1923
- Failed
- Nov 30, 1989
- Id
- b29060
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 Bank?
$759.2 million in total assets and $667.3 million in deposits as of September 30, 1989, with assets down 10.4% from a year before. Its loans were $457.9 million.
Is Security Federal Savings Bank profitable?
No: it lost $14.5 million from January 1 to September 30, 1989. Its return on assets was -2.34% a year; about 1% is typical.
When did Security Federal Savings Bank fail?
Nov 30, 1989. South Carolina NB of Columbia, SC took over its deposits. The estimated cost of the failure was $66.8 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.