Summit Savings and Loan Association
Park City, UT
$120M
total assets, March 31, 1987
$120M
total assets, March 31, 1987
Summit Savings and Loan Association was a savings and loan in Park City, UT. It failed on Apr 16, 1986, and its insured deposits were paid out. At its last report it held $210.7 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1987
This bank failed
- Failed on
- Apr 16, 1986
- Assets
- $211M
- Deposits
- $181M
- Estimated cost
- $46.1M
- Deposits went to
- payout
Total assets
$120M
-43.1% in a year · -6.6% in a quarter
Deposits
$116M
-35.6% in a year · -8.2% in a quarter
Loans
$102M
-36.8% in a year · -7.1% in a quarter
Profit so far
-$2.2M
Jan 1 to Mar 31, 1987
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-7.24%
-6.79 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 1750 Park Avenue, Park City, UT, 84060
- County
- Summit
- Established
- Jan 1, 1978
- Failed
- Apr 10, 1987
- Id
- b31989
Quarter by quarter
March 31, 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 Summit Savings and Loan Association?
$119.8 million in total assets and $116.5 million in deposits as of March 31, 1987, with assets down 43.1% from a year before. Its loans were $102.3 million.
Is Summit Savings and Loan Association profitable?
No: it lost $2.25 million from January 1 to March 31, 1987. Its return on assets was -7.24% a year; about 1% is typical.
When did Summit Savings and Loan Association fail?
Apr 16, 1986. The estimated cost of the failure was $46.1 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.