$206M
total assets, June 30, 1988
Ultimate Savings Bank, FSB was a savings bank in Richmond, VA. It failed on Sep 16, 1988, and its insured deposits were paid out. At its last report it held $206.5 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1988
This bank failed
- Failed on
- Sep 16, 1988
- Assets
- $206M
- Deposits
- $194M
- Estimated cost
- $34.9M
- Deposits went to
- insured deposit transfer
Total assets
$206M
-5.5% in a year · +2.0% in a quarter
Deposits
$194M
+15.2% in a year · +3.8% in a quarter
Loans
$110M
-17.6% in a year · -7.5% in a quarter
Profit so far
-$5.8M
Jan 1 to Jun 30, 1988
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-5.69%
-2.46 pts in a year
Facts
- Type
- Savings bank
- Head office
- 616 East Franklin Street, Richmond, VA, 23219
- County
- Henrico
- Established
- Dec 31, 1980
- Failed
- Sep 16, 1988
- Id
- b32072
Quarter by quarter
March 31, 1984 to June 30, 1988
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 Ultimate Savings Bank, FSB?
$206.5 million in total assets and $194.3 million in deposits as of June 30, 1988, with assets down 5.5% from a year before. Its loans were $110.0 million.
Is Ultimate Savings Bank, FSB profitable?
No: it lost $5.84 million from January 1 to June 30, 1988. Its return on assets was -5.69% a year; about 1% is typical.
When did Ultimate Savings Bank, FSB fail?
Sep 16, 1988. The estimated cost of the failure was $34.9 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.