Atlantic Stewardship Bank in Midland Park, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Atlantic Stewardship Bank in Midland Park, New Jersey (NJ)
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Atlantic Stewardship Bank - Overview

  • General
  • FDIC Certificate #: 26390
    Status: Active
    Federal Reserve ID: 527507
    Bank Holding Company (Regulatory Top Holder): Stewardship Financial Corporation (RSSDID: 2290560, Location: Midland Park, NJ)
    Date Established: September 28, 1985
    WWW: http://www.asbnow.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 14 (Domestic: 14, Interstate: No)
    OTS Docket #: 12877
    FDIC's unique #: 32998
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 28, 1985
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 630 Godwin Avenue, Midland Park, NJ 7432
    County: Bergen
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Jamesburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Bergen-Passaic, NJ (#875)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $708.2 mil
    Equity capital: $64.5 mil
    Deposits held in domestic offices: $594.1 mil
    Return on assets (ROA): 0.36% ($2.5 mil)
    Quarterly return on assets: 0.30% ($2.1 mil)
    Return on Equity (ROE): 4.26% ($2.7 mil)
    Quarterly return on equity: 3.33% ($2.1 mil)
    Net income: $2.5 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.47% ($3,328.5 mil)
    Quarterly Pretax return on assets: 0.38% ($2,691.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 136Total employees (full-time equivalent)
  • $708,201Total assets
  • $13,447Cash and due from depository institutions
  • $402Interest-bearing balances
  • $208,226Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $453,005Net loans & leases
  • $11,507Loan loss allowance
  • $0Trading account assets
  • $6,101Bank premises and fixed assets
  • $3,954Other real estate owned
  • $0Goodwill and other intangibles
  • $708,201Life insurance assets
  • $23,468All other assets
  • $643,712Total liabilities and capital
  • $594,078Total liabilities
  • $568,490Total deposits
  • $594,078Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 14342.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $32,700Trading liabilities
  • $0Other borrowed funds
  • $2,592Subordinated debt
  • $64,489All other liabilities
  • $64,489Total equity capital
  • $64,489Total bank equity capital
  • $0Perpetual preferred stock
  • $19,106Common stock
  • $4,589Surplus
  • $40,794Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $4,711Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $20,575Income earned, not collected on loans
  • $0Earning assets
  • $2,669Long-term assets (5+ years)
  • $661,633Average Assets, year-to-date
  • $444,401Average Assets, quarterly
  • $698,639Volatile liabilities
  • $705,983Insider loans
  • $501,615FHLB advances
  • $713,669Loans and leases held for sale
  • $10,242Unused loan commitments
  • $9,625Tier 1 (core) risk-based capital
  • $62,579Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $617Total unused commitments
  • $83,379Restructured Loans and leases
  • $3,022Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $31,627Total interest income
  • $6,460Total interest expense
  • $25,167Net interest income
  • $8,570Provision for loan and lease losses
  • $3,935Total noninterest income
  • $0Fiduciary activities
  • $1,219Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,716Additional noninterest income
  • $18,391Total noninterest expense
  • $9,058Salaries and employee benefits
  • $2,993Premises and equipment expense
  • $6,340Additional noninterest expense
  • $2,141Pre-tax net operating income
  • $1,142Securities gains (losses)
  • $746Applicable income taxes
  • $2,537Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,537Net income attributable to bank
  • $0Net charge-offs
  • $2,537Cash dividends
  • $5,553Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.84%Yield on earning assets
  • 0.99%Cost of funding earning assets
  • 3.85%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 2.82%Noninterest expense to earning assets
  • 0.24%Net operating income to assets
  • 0.36%Return on assets (ROA)
  • 0.47%Pretax return on assets
  • 4.26%Return on equity (ROE)
  • 4.26%Retained earnings to average equity (YTD only)
  • 1.20%Net charge-offs to loans
  • 154.33%Credit loss provision to net charge-offs
  • 1.93%Efficiency ratio
  • 63,195Assets per employee
  • 5.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.48%Loss allowance to noncurrent loans
  • 55.93%Noncurrent assets plus other real estate owned to assets
  • 3.46%Noncurrent loans to loans
  • 4.43%Net loans and leases to deposits
  • 76.25%Net loans and leases to core deposits
  • 81.84%Equity capital to assets
  • 9.11%Core capital (leverage) ratio
  • 8.77%Tier 1 risk-based capital ratio
  • 12.48%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $698,639Average earning assets
  • $59,572Average equity
  • $653,085Average loans

List of branches

  • 14 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    032998Atlantic Stewardship Bank630 Godwin Avenue, Midland Park, NJ 7432September 28, 1985Full Service Brick and Mortar
    2259308Hawthorne Branch386 Lafayette Avenue, Hawthorne, NJ 7506April 28, 1989Full Service Brick and Mortar
    3259309Wayne Hills Branch87 Berdan Avenue, Wayne, NJ 7470December 05, 1994Full Service Brick and Mortar
    5259310Waldwick Branch64 Franklin Turnpike, Waldwick, NJ 7463May 13, 1997Full Service Brick and Mortar
    6259311Ridgewood Branch190 Franklin Avenue, Ridgewood, NJ 7450November 13, 1997Full Service Brick and Mortar
    7259312Wayne Valley Branch311 Valley Road, Wayne, NJ 7470April 16, 1999Full Service Brick and Mortar
    8361188Pequannock Branch249 Newark-Pompton Turnpikw, Pequannock, NJ 7440May 21, 2001Full Service Brick and Mortar
    9365506Goffle Road Branch1111 Goffle Road, Hawthorne, NJ 7506November 02, 2002Full Service Brick and Mortar
    10424747400 Hamburg Turnpike Branch400 Hamburg Turnpike, Wayne, NJ 7470November 17, 2003Full Service Brick and Mortar
    11449889Montville Branch2 Changebridge Road, Montville, NJ 7045January 23, 2006Full Service Brick and Mortar
    12461007Wyckoff Branch378 Franklin Avenue, Wyckoff, NJ 7481Febuary 26, 2007Full Service Brick and Mortar
    13468317Westwood Branch85 Jefferson Avenue, Westwood, NJ 7675September 05, 2007Full Service Brick and Mortar
    14470290North Haledon Branch33 Sicomac Road, North Haledon, NJ 7508December 20, 2007Full Service Brick and Mortar
    15505897Ridgewood Drive Up Facility121 Franklin Avenue, Ridgewood, NJ 7450Febuary 03, 2010Limited Service Facility

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