Southeastern Savings Bank, Incorporated
Charlotte, NC
$422M
total assets, September 30, 1990
$422M
total assets, September 30, 1990
Southeastern Savings Bank, Incorporated was a savings and loan in Charlotte, NC. It failed on Nov 16, 1990, and Branch Sale took over its deposits. At its last report it held $422.3 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1990
This bank failed
- Failed on
- Nov 16, 1990
- Assets
- $422M
- Deposits
- $368M
- Estimated cost
- $23.6M
- Deposits went to
- Branch Sale, None, NA
Total assets
$422M
-17.9% in a year · -3.7% in a quarter
Deposits
$368M
-13.0% in a year · -3.0% in a quarter
Loans
$317M
-18.2% in a year · -6.3% in a quarter
Profit so far
-$9.1M
Jan 1 to Sep 30, 1990
Capital ratio
-1.40%
-1.40 pts in a year
Return on assets
-2.71%
-0.95 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 1st Se Center, 112 S Tryon Street, Charlotte, NC, 28284
- County
- Mecklenburg
- Established
- Nov 1, 1978
- Failed
- Nov 16, 1990
- Employees
- 191
- Id
- b32344
Quarter by quarter
September 30, 1985 to September 30, 1990
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 Southeastern Savings Bank, Incorporated?
$422.3 million in total assets and $367.6 million in deposits as of September 30, 1990, with assets down 17.9% from a year before. Its loans were $317.5 million.
Is Southeastern Savings Bank, Incorporated profitable?
No: it lost $9.11 million from January 1 to September 30, 1990. Its return on assets was -2.71% a year; about 1% is typical.
When did Southeastern Savings Bank, Incorporated fail?
Nov 16, 1990. Branch Sale of None, NA took over its deposits. The estimated cost of the failure was $23.6 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.