Surety Savings Association
El Paso, TX
$291M
total assets, September 30, 1989
$291M
total assets, September 30, 1989
Surety Savings Association was a savings and loan in El Paso, TX. It failed on Oct 19, 1989, and Payout took over its deposits. At its last report it held $291.0 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1989
This bank failed
- Failed on
- Oct 19, 1989
- Assets
- $291M
- Deposits
- $245M
- Estimated cost
- $69.2M
- Deposits went to
- Payout, None, NA
Total assets
$291M
-3.4% in a year · -4.8% in a quarter
Deposits
$245M
-1.3% in a year · -6.3% in a quarter
Loans
$213M
-0.7% in a year · -0.8% in a quarter
Profit so far
-$10.5M
Jan 1 to Sep 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-4.65%
-4.12 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 6044 Gateway Blvd East, El Paso, TX, 79923
- County
- El Paso
- Established
- Oct 11, 1963
- Failed
- Oct 19, 1989
- Id
- b31397
Quarter by quarter
March 31, 1984 to September 30, 1989
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 Savings Association?
$291.0 million in total assets and $244.5 million in deposits as of September 30, 1989, with assets down 3.4% from a year before. Its loans were $213.5 million.
Is Surety Savings Association profitable?
No: it lost $10.5 million from January 1 to September 30, 1989. Its return on assets was -4.65% a year; about 1% is typical.
When did Surety Savings Association fail?
Oct 19, 1989. Payout of None, NA took over its deposits. The estimated cost of the failure was $69.2 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.