Statewide Thrift and Loan Company
Redwood City, CA
$9.6M
total assets, September 30, 1992
$9.6M
total assets, September 30, 1992
Statewide Thrift and Loan Company was a state nonmember bank in Redwood City, CA. It failed on Nov 13, 1992, and Fireside Thrift Co took over its deposits. At its last report it held $9.64 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1992
This bank failed
- Failed on
- Nov 13, 1992
- Assets
- $9.6M
- Deposits
- $9.5M
- Estimated cost
- $2.3M
- Deposits went to
- Fireside Thrift Co, Newark, CA
Total assets
$9.6M
-40.2% in a year · -19.6% in a quarter
Deposits
$9.5M
-35.4% in a year · -14.8% in a quarter
Loans
$8.7M
-36.4% in a year · -16.8% in a quarter
Profit so far
-$848K
Jan 1 to Sep 30, 1992
Capital ratio
1.25%
-7.47 pts in a year
Return on assets
-9.09%
-7.23 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 2129 Broadway, Redwood City, CA, 94064
- County
- San Mateo
- Established
- May 1, 1986
- Failed
- Nov 13, 1992
- Employees
- 12
- Id
- b26656
Quarter by quarter
June 30, 1986 to September 30, 1992
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 Statewide Thrift and Loan Company?
$9.64 million in total assets and $9.46 million in deposits as of September 30, 1992, with assets down 40.2% from a year before. Its loans were $8.71 million.
Is Statewide Thrift and Loan Company profitable?
No: it lost $848,000 from January 1 to September 30, 1992. Its return on assets was -9.09% a year; about 1% is typical.
When did Statewide Thrift and Loan Company fail?
Nov 13, 1992. Fireside Thrift Co of Newark, CA took over its deposits. The estimated cost of the failure was $2.34 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.