Southern Savings Bank, SSB
New Orleans, LA
$231M
total assets, September 30, 1990
$231M
total assets, September 30, 1990
Southern Savings Bank, SSB was a savings bank in New Orleans, LA. It failed on Dec 28, 1990, and Branch Sale took over its deposits. At its last report it held $230.8 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1990
This bank failed
- Failed on
- Dec 28, 1990
- Assets
- $231M
- Deposits
- $230M
- Estimated cost
- $7.0M
- Deposits went to
- Branch Sale, None, NA
Total assets
$231M
-4.9% in a year · -1.2% in a quarter
Deposits
$230M
-1.0% in a year · -0.9% in a quarter
Loans
$145M
-5.9% in a year · -2.9% in a quarter
Profit so far
-$3.1M
Jan 1 to Sep 30, 1990
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-1.75%
-1.39 pts in a year
Facts
- Type
- Savings bank
- Head office
- 135 St Charles Avenue, New Orleans, LA, 70130
- County
- Orleans
- Established
- Jan 1, 1887
- Failed
- Dec 28, 1990
- Employees
- 115
- Id
- b28287
Quarter by quarter
March 31, 1984 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 Southern Savings Bank, SSB?
$230.8 million in total assets and $230.0 million in deposits as of September 30, 1990, with assets down 4.9% from a year before. Its loans were $144.9 million.
Is Southern Savings Bank, SSB profitable?
No: it lost $3.11 million from January 1 to September 30, 1990. Its return on assets was -1.75% a year; about 1% is typical.
When did Southern Savings Bank, SSB fail?
Dec 28, 1990. Branch Sale of None, NA took over its deposits. The estimated cost of the failure was $7.02 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.