Security First Federal Savings and Loan Association
Daytona Beach, FL
$1.0B
total assets, March 31, 1992
$1.0B
total assets, March 31, 1992
Security First Federal Savings and Loan Association was a savings and loan in Daytona Beach, FL. It failed on Apr 10, 1992, and First Union NB Of FL took over its deposits. At its last report it held $1.0 billion in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1992
This bank failed
- Failed on
- Apr 10, 1992
- Assets
- $1.0B
- Deposits
- $904M
- Estimated cost
- $24.1M
- Deposits went to
- First Union NB Of FL, Jacksonville, FL
Total assets
$1.0B
-3.8% in a year · -2.1% in a quarter
Deposits
$904M
-3.4% in a year · -0.8% in a quarter
Loans
$765M
+0.6% in a year · -4.0% in a quarter
Profit so far
$3.3M
Jan 1 to Mar 31, 1992
Capital ratio
-1.96%
+0.32 pts in a year
Return on assets
1.30%
+1.49 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 501 N Grandview Ave, Daytona Beach, FL, 32118
- County
- Volusia
- Established
- Nov 1, 1934
- Failed
- Apr 10, 1992
- Employees
- 471
- Id
- b29222
Quarter by quarter
March 31, 1984 to March 31, 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 Security First Federal Savings and Loan Association?
$1.0 billion in total assets and $904.2 million in deposits as of March 31, 1992, with assets down 3.8% from a year before. Its loans were $764.9 million.
Is Security First Federal Savings and Loan Association profitable?
Yes: it earned $3.32 million from January 1 to March 31, 1992. Its return on assets was 1.30% a year; about 1% is typical.
When did Security First Federal Savings and Loan Association fail?
Apr 10, 1992. First Union NB Of FL of Jacksonville, FL took over its deposits. The estimated cost of the failure was $24.1 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.