Southern Floridabanc Savings Association
Riviera Beach, FL
$219M
total assets, March 31, 1987
$219M
total assets, March 31, 1987
Southern Floridabanc Savings Association was a savings and loan in Riviera Beach, FL. It failed on Apr 16, 1987, and its insured deposits were paid out. At its last report it held $219.1 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1987
This bank failed
- Failed on
- Apr 16, 1987
- Assets
- $219M
- Deposits
- $257M
- Estimated cost
- Not known
- Deposits went to
- assisted merger
Total assets
$219M
-19.5% in a year · -0.4% in a quarter
Deposits
$257M
-1.1% in a year · 0.0% in a quarter
Loans
$171M
-17.1% in a year · -0.4% in a quarter
Profit so far
-$5.5M
Jan 1 to Mar 31, 1987
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-9.98%
-9.22 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 1217 East Blue Heron Blvd, Riviera Beach, FL, 33404
- County
- Palm Beach
- Established
- Feb 17, 1976
- Failed
- Apr 16, 1987
- Id
- b32204
Quarter by quarter
June 30, 1984 to March 31, 1987
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 Floridabanc Savings Association?
$219.1 million in total assets and $256.6 million in deposits as of March 31, 1987, with assets down 19.5% from a year before. Its loans were $170.7 million.
Is Southern Floridabanc Savings Association profitable?
No: it lost $5.48 million from January 1 to March 31, 1987. Its return on assets was -9.98% a year; about 1% is typical.
When did Southern Floridabanc Savings Association fail?
Apr 16, 1987.
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.