Vernon Savings and Loan Association
Vernon, TX
$1.3B
total assets, December 31, 1986
$1.3B
total assets, December 31, 1986
Vernon Savings and Loan Association was a savings and loan in Vernon, TX. It failed on Mar 20, 1987, and Montfort Savings Associatio took over its deposits. At its last report it held $1.3 billion in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1986
This bank failed
- Failed on
- Mar 20, 1987
- Assets
- $1.3B
- Deposits
- $1.6B
- Estimated cost
- $1.1B
- Deposits went to
- Montfort Savings Associatio, Vernon, TX
Total assets
$1.3B
+17.6% in a year · -22.9% in a quarter
Deposits
$1.6B
+50.9% in a year · +3.1% in a quarter
Loans
$1.2B
+32.3% in a year · -5.3% in a quarter
Profit so far
-$381M
Jan 1 to Dec 31, 1986 · -1257.2% in a year
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-27.45%
-30.59 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 1725 Wilbarger St, Vernon, TX, 76384
- County
- Wilbarger
- Established
- Sep 21, 1960
- Failed
- Mar 20, 1987
- Id
- b31171
Quarter by quarter
March 31, 1984 to December 31, 1986
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 Vernon Savings and Loan Association?
$1.3 billion in total assets and $1.6 billion in deposits as of December 31, 1986, with assets up 17.6% from a year before. Its loans were $1.2 billion.
Is Vernon Savings and Loan Association profitable?
No: it lost $380.6 million from January 1 to December 31, 1986. Its return on assets was -27.45% a year; about 1% is typical.
When did Vernon Savings and Loan Association fail?
Mar 20, 1987. Montfort Savings Associatio of Vernon, TX took over its deposits. The estimated cost of the failure was $1.1 billion.
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.