State Savings, F.A.
Jamaica Estates North, NY
$445M
total assets, December 31, 1990
$445M
total assets, December 31, 1990
State Savings, F.A. was a savings and loan in Jamaica Estates North, NY. It failed on Mar 22, 1991, and Branch Sale took over its deposits. At its last report it held $445.4 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1990
This bank failed
- Failed on
- Mar 22, 1991
- Assets
- $445M
- Deposits
- $394M
- Estimated cost
- $166M
- Deposits went to
- Branch Sale, None, NA
Total assets
$445M
-7.2% in a year · -3.4% in a quarter
Deposits
$394M
-1.9% in a year · -1.2% in a quarter
Loans
$391M
-6.7% in a year · -2.5% in a quarter
Profit so far
-$5.5M
Jan 1 to Dec 31, 1990 · -235.9% in a year
Capital ratio
0.99%
+0.99 pts in a year
Return on assets
-1.18%
-2.02 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 150 - 28 Union Turnpike, Jamaica Estates North, NY, 11367
- County
- Queens
- Established
- Jan 1, 1887
- Failed
- Mar 22, 1991
- Employees
- 126
- Id
- b28512
Quarter by quarter
March 31, 1984 to December 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 Savings, F.A.?
$445.4 million in total assets and $393.8 million in deposits as of December 31, 1990, with assets down 7.2% from a year before. Its loans were $391.2 million.
Is State Savings, F.A. profitable?
No: it lost $5.47 million from January 1 to December 31, 1990. Its return on assets was -1.18% a year; about 1% is typical.
When did State Savings, F.A. fail?
Mar 22, 1991. Branch Sale of None, NA took over its deposits. The estimated cost of the failure was $166.3 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.