State Mutual Federal Savings and Loan Association
Jackson, MS
$6.4M
total assets, March 31, 1990
$6.4M
total assets, March 31, 1990
State Mutual Federal Savings and Loan Association was a savings and loan in Jackson, MS. It failed on Apr 6, 1989, and First Commerce SB took over its deposits. At its last report it held $8.66 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1990
This bank failed
- Failed on
- Apr 6, 1989
- Assets
- $8.7M
- Deposits
- $9.8M
- Estimated cost
- $4.0M
- Deposits went to
- First Commerce SB, Jackson, MS
Total assets
$6.4M
-26.1% in a year · -17.5% in a quarter
Deposits
$6.5M
-33.7% in a year · -8.0% in a quarter
Loans
$6.0M
-20.6% in a year · -5.1% in a quarter
Profit so far
-$130K
Jan 1 to Mar 31, 1990
Capital ratio
-35.91%
-35.91 pts in a year
Return on assets
-7.35%
-4.40 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 1072 Lynch Street, Jackson, MS, 39203
- County
- Hinds
- Established
- Jan 1, 1955
- Failed
- May 11, 1990
- Employees
- 11
- Id
- b31252
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 State Mutual Federal Savings and Loan Association?
$6.39 million in total assets and $6.48 million in deposits as of March 31, 1990, with assets down 26.1% from a year before. Its loans were $5.97 million.
Is State Mutual Federal Savings and Loan Association profitable?
No: it lost $130,000 from January 1 to March 31, 1990. Its return on assets was -7.35% a year; about 1% is typical.
When did State Mutual Federal Savings and Loan Association fail?
Apr 6, 1989. First Commerce SB of Jackson, MS took over its deposits. The estimated cost of the failure was $4.01 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.