Southern Federal Bank for Savings
Gulfport, MS
$143M
total assets, March 31, 1990
$143M
total assets, March 31, 1990
Southern Federal Bank for Savings was a savings bank in Gulfport, MS. It failed on Jun 22, 1990, and Branch Sale took over its deposits. At its last report it held $142.8 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1990
This bank failed
- Failed on
- Jun 22, 1990
- Assets
- $143M
- Deposits
- $93.9M
- Estimated cost
- $35.0M
- Deposits went to
- Branch Sale, None, NA
Total assets
$143M
-9.7% in a year · -1.3% in a quarter
Deposits
$93.9M
-7.8% in a year · -3.7% in a quarter
Loans
$62.0M
-11.2% in a year · -9.2% in a quarter
Profit so far
-$306K
Jan 1 to Mar 31, 1990 · -1710.5% in a year
Capital ratio
1.28%
+1.28 pts in a year
Return on assets
-0.85%
-0.90 pts in a year
Facts
- Type
- Savings bank
- Head office
- 3300 W Beach Blvd, Gulfport, MS, 39502
- County
- Harrison
- Established
- Jan 1, 1959
- Failed
- Jun 22, 1990
- Employees
- 88
- Id
- b31817
Quarter by quarter
March 31, 1984 to March 31, 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 Southern Federal Bank for Savings?
$142.8 million in total assets and $93.9 million in deposits as of March 31, 1990, with assets down 9.7% from a year before. Its loans were $62.0 million.
Is Southern Federal Bank for Savings profitable?
No: it lost $306,000 from January 1 to March 31, 1990. Its return on assets was -0.85% a year; about 1% is typical.
When did Southern Federal Bank for Savings fail?
Jun 22, 1990. Branch Sale of None, NA took over its deposits. The estimated cost of the failure was $35.0 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.