Southern Floridabanc Federal Savings and Loan Association
Boca Raton, FL
$124M
total assets, September 30, 1989
$124M
total assets, September 30, 1989
Southern Floridabanc Federal Savings and Loan Association was a savings and loan in Boca Raton, FL. It failed on Feb 17, 1989, and NCNB NB Of FL took over its deposits. At its last report it held $143.3 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1989
This bank failed
- Failed on
- Feb 17, 1989
- Assets
- $143M
- Deposits
- $256M
- Estimated cost
- $162M
- Deposits went to
- NCNB NB Of FL, Tampa, FL
Total assets
$124M
-17.3% in a year · -9.2% in a quarter
Deposits
$247M
-4.2% in a year · -5.0% in a quarter
Loans
$63.1M
-39.8% in a year · -17.6% in a quarter
Profit so far
-$17.8M
Jan 1 to Sep 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-17.56%
-6.02 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 5255 N Federal Highway, Boca Raton, FL, 33431
- County
- Palm Beach
- Established
- Apr 16, 1987
- Failed
- Oct 6, 1989
- Id
- b32535
Quarter by quarter
June 30, 1987 to September 30, 1989
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 10
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Southern Floridabanc Federal Savings and Loan Association?
$124.0 million in total assets and $247.1 million in deposits as of September 30, 1989, with assets down 17.3% from a year before. Its loans were $63.1 million.
Is Southern Floridabanc Federal Savings and Loan Association profitable?
No: it lost $17.8 million from January 1 to September 30, 1989. Its return on assets was -17.56% a year; about 1% is typical.
When did Southern Floridabanc Federal Savings and Loan Association fail?
Feb 17, 1989. NCNB NB Of FL of Tampa, FL took over its deposits. The estimated cost of the failure was $162.0 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.