Silver Savings and Loan Association, A Federal Association
Silver City, NM
$32.2M
total assets, September 30, 1989
$32.2M
total assets, September 30, 1989
Silver Savings and Loan Association, A Federal Association was a savings and loan in Silver City, NM. It failed on Dec 21, 1989, and First New Mexico Bank took over its deposits. At its last report it held $32.2 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1989
This bank failed
- Failed on
- Dec 21, 1989
- Assets
- $32.2M
- Deposits
- $27.7M
- Estimated cost
- $7.3M
- Deposits went to
- First New Mexico Bank, Deming, NM
Total assets
$32.2M
+6.5% in a year · -0.5% in a quarter
Deposits
$27.7M
-2.5% in a year · -5.3% in a quarter
Loans
$25.9M
+4.0% in a year · +3.6% in a quarter
Profit so far
-$395K
Jan 1 to Sep 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-1.65%
-1.60 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 607-611 North Hudson Street, Silver City, NM, 88061
- County
- Grant
- Established
- Jan 1, 1975
- Failed
- Dec 21, 1989
- Id
- b31911
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 Silver Savings and Loan Association, A Federal Association?
$32.2 million in total assets and $27.7 million in deposits as of September 30, 1989, with assets up 6.5% from a year before. Its loans were $25.9 million.
Is Silver Savings and Loan Association, A Federal Association profitable?
No: it lost $395,000 from January 1 to September 30, 1989. Its return on assets was -1.65% a year; about 1% is typical.
When did Silver Savings and Loan Association, A Federal Association fail?
Dec 21, 1989. First New Mexico Bank of Deming, NM took over its deposits. The estimated cost of the failure was $7.26 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.