Security Savings Bank, SLA
Vineland, NJ
$1.2B
total assets, September 30, 1992
$1.2B
total assets, September 30, 1992
Security Savings Bank, SLA was a savings and loan in Vineland, NJ. It failed on Dec 4, 1992, and Meridian Bank, NJ took over its deposits. At its last report it held $1.2 billion in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1992
This bank failed
- Failed on
- Dec 4, 1992
- Assets
- $1.2B
- Deposits
- $858M
- Estimated cost
- $41.4M
- Deposits went to
- Meridian Bank, NJ, Medford, NJ
Total assets
$1.2B
-10.7% in a year · -4.2% in a quarter
Deposits
$858M
-10.4% in a year · -3.6% in a quarter
Loans
$722M
-13.1% in a year · -3.2% in a quarter
Profit so far
-$26.2M
Jan 1 to Sep 30, 1992 · -5861.5% in a year
Capital ratio
-0.10%
-2.40 pts in a year
Return on assets
-2.79%
-2.84 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 818 Landis Ave, Vineland, NJ, 08360
- County
- Cumberland
- Established
- Jan 1, 1942
- Failed
- Dec 4, 1992
- Employees
- 332
- Id
- b30217
Quarter by quarter
March 31, 1984 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 Security Savings Bank, SLA?
$1.2 billion in total assets and $857.6 million in deposits as of September 30, 1992, with assets down 10.7% from a year before. Its loans were $721.6 million.
Is Security Savings Bank, SLA profitable?
No: it lost $26.2 million from January 1 to September 30, 1992. Its return on assets was -2.79% a year; about 1% is typical.
When did Security Savings Bank, SLA fail?
Dec 4, 1992. Meridian Bank, NJ of Medford, NJ took over its deposits. The estimated cost of the failure was $41.4 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.