Vermilion State Savings Bank, S.S.B.
Abbeville, LA
$17.8M
total assets, March 31, 1991
$17.8M
total assets, March 31, 1991
Vermilion State Savings Bank, S.S.B. was a savings and loan in Abbeville, LA. It failed on May 10, 1991, and First Acadiana NB took over its deposits. At its last report it held $17.8 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1991
This bank failed
- Failed on
- May 10, 1991
- Assets
- $17.8M
- Deposits
- $17.6M
- Estimated cost
- $323K
- Deposits went to
- First Acadiana NB, Opelousas, LA
Total assets
$17.8M
-15.8% in a year · -5.4% in a quarter
Deposits
$17.6M
-15.1% in a year · -5.5% in a quarter
Loans
$10.4M
-5.6% in a year · -2.1% in a quarter
Profit so far
$16K
Jan 1 to Mar 31, 1991
Capital ratio
1.14%
-0.74 pts in a year
Return on assets
0.35%
+4.89 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 500 Charity Street, Abbeville, LA, 70510
- County
- Vermilion
- Established
- Dec 23, 1968
- Failed
- May 10, 1991
- Employees
- 10
- Id
- b31552
Quarter by quarter
March 31, 1984 to March 31, 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 Vermilion State Savings Bank, S.S.B.?
$17.8 million in total assets and $17.6 million in deposits as of March 31, 1991, with assets down 15.8% from a year before. Its loans were $10.4 million.
Is Vermilion State Savings Bank, S.S.B. profitable?
Yes: it earned $16,000 from January 1 to March 31, 1991. Its return on assets was 0.35% a year; about 1% is typical.
When did Vermilion State Savings Bank, S.S.B. fail?
May 10, 1991. First Acadiana NB of Opelousas, LA took over its deposits. The estimated cost of the failure was $322,527.
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.