Security Savings Association, FSA
Texarkana, TX
$229M
total assets, June 30, 1989
$229M
total assets, June 30, 1989
Security Savings Association, FSA was a savings and loan in Texarkana, TX. It failed on Mar 16, 1989, and Payout took over its deposits. At its last report it held $236.3 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1989
This bank failed
- Failed on
- Mar 16, 1989
- Assets
- $236M
- Deposits
- $471M
- Estimated cost
- $563M
- Deposits went to
- Payout, None, NA
Total assets
$229M
-14.5% in a year · -2.3% in a quarter
Deposits
$482M
-0.1% in a year · +0.7% in a quarter
Loans
$113M
-28.2% in a year · -2.0% in a quarter
Profit so far
-$32.7M
Jan 1 to Jun 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-28.01%
+54.70 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 2826 New Boston Road, Texarkana, TX, 75501
- County
- Bowie
- Established
- Jun 11, 1987
- Failed
- Sep 28, 1989
- Id
- b32544
Quarter by quarter
June 30, 1987 to June 30, 1989
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 9
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Security Savings Association, FSA?
$229.2 million in total assets and $482.4 million in deposits as of June 30, 1989, with assets down 14.5% from a year before. Its loans were $113.5 million.
Is Security Savings Association, FSA profitable?
No: it lost $32.7 million from January 1 to June 30, 1989. Its return on assets was -28.01% a year; about 1% is typical.
When did Security Savings Association, FSA fail?
Mar 16, 1989. Payout of None, NA took over its deposits. The estimated cost of the failure was $563.2 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.