Surety Federal Savings and Loan Association, FSA
Morganton, NC
$225M
total assets, June 30, 1991
$225M
total assets, June 30, 1991
Surety Federal Savings and Loan Association, FSA was a savings and loan in Morganton, NC. It failed on Jul 9, 1991, and First Citizens B&TC took over its deposits. At its last report it held $224.8 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1991
This bank failed
- Failed on
- Jul 9, 1991
- Assets
- $225M
- Deposits
- $163M
- Estimated cost
- $1.8M
- Deposits went to
- First Citizens B&TC, Raleigh, NC
Total assets
$225M
+0.5% in a year · -4.4% in a quarter
Deposits
$163M
+2.1% in a year · -6.4% in a quarter
Loans
$111M
-9.3% in a year · -4.0% in a quarter
Profit so far
-$359K
Jan 1 to Jun 30, 1991
Capital ratio
0.30%
+0.12 pts in a year
Return on assets
-0.31%
+0.41 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 217 N Sterling Street, Morganton, NC, 28655
- County
- Burke
- Established
- Dec 11, 1987
- Failed
- Jul 9, 1991
- Employees
- 76
- Id
- b32566
Quarter by quarter
December 31, 1987 to June 30, 1991
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 Surety Federal Savings and Loan Association, FSA?
$224.8 million in total assets and $163.4 million in deposits as of June 30, 1991, with assets up 0.5% from a year before. Its loans were $110.7 million.
Is Surety Federal Savings and Loan Association, FSA profitable?
No: it lost $359,000 from January 1 to June 30, 1991. Its return on assets was -0.31% a year; about 1% is typical.
When did Surety Federal Savings and Loan Association, FSA fail?
Jul 9, 1991. First Citizens B&TC of Raleigh, NC took over its deposits. The estimated cost of the failure was $1.83 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.