Boiling Springs Savings Bank in Rutherford, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Boiling Springs Savings Bank in Rutherford, New Jersey (NJ)
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Boiling Springs Savings Bank - Overview

  • General
  • FDIC Certificate #: 30052
    Status: Active
    Federal Reserve ID: 797775
    Bank Holding Company (Regulatory Top Holder): Boiling Springs, Mhc (RSSDID: 2835514, Location: Rutherford, NJ)
    Date Established: April 10, 1939
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 17 (Domestic: 17, Interstate: No)
    OTS Docket #: 4639
    FDIC's unique #: 42886
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: April 10, 1939
    Last Structure Change Effective Date: May 31, 2010
    Last Structure Change Process Date: June 03, 2010
    Last Data Update: June 03, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 25 Orient Way, Rutherford, NJ 7070
    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)
  • Financial Summary
  • Total assets: $1,356.4 mil
    Equity capital: $178.4 mil
    Deposits held in domestic offices: $1,126.1 mil
    Return on assets (ROA): 0.49% ($6.6 mil)
    Quarterly return on assets: 0.55% ($7.5 mil)
    Return on Equity (ROE): 3.81% ($6.8 mil)
    Quarterly return on equity: 4.17% ($7.4 mil)
    Net income: $6.6 mil
    Quarterly Net income: $1.9 mil
    Pretax return on assets: 0.74% ($10,037.6 mil)
    Quarterly Pretax return on assets: 0.83% ($11,258.4 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
  • 177Total employees (full-time equivalent)
  • $1,356,435Total assets
  • $78,247Cash and due from depository institutions
  • $72,115Interest-bearing balances
  • $260,115Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $948,872Net loans & leases
  • $16,450Loan loss allowance
  • $0Trading account assets
  • $35,381Bank premises and fixed assets
  • $1,818Other real estate owned
  • $2,360Goodwill and other intangibles
  • $1,356,435Life insurance assets
  • $29,642All other assets
  • $1,178,051Total liabilities and capital
  • $1,126,055Total liabilities
  • $1,114,882Total deposits
  • $1,126,055Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $43,000Trading liabilities
  • $0Other borrowed funds
  • $8,996Subordinated debt
  • $178,384All other liabilities
  • $178,384Total equity capital
  • $178,384Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $0Surplus
  • $178,184Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $54,537Income earned, not collected on loans
  • $0Earning assets
  • $4,965Long-term assets (5+ years)
  • $1,281,102Average Assets, year-to-date
  • $768,296Average Assets, quarterly
  • $1,347,135Volatile liabilities
  • $1,354,464Insider loans
  • $823,511FHLB advances
  • $1,354,755Loans and leases held for sale
  • $5,173Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $170,806Tier 2 risk-based capital
  • $5,173Total risk weighted assets
  • $0Total unused commitments
  • $53,788Restructured Loans and leases
  • $27Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $58,149Total interest income
  • $12,773Total interest expense
  • $45,376Net interest income
  • $6,939Provision for loan and lease losses
  • $1,941Total noninterest income
  • $0Fiduciary activities
  • $416Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,525Additional noninterest income
  • $30,946Total noninterest expense
  • $17,705Salaries and employee benefits
  • $5,229Premises and equipment expense
  • $8,012Additional noninterest expense
  • $9,432Pre-tax net operating income
  • $530Securities gains (losses)
  • $3,330Applicable income taxes
  • $6,632Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,632Net income attributable to bank
  • $0Net charge-offs
  • $6,632Cash dividends
  • $8,789Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.57%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 3.57%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 2.43%Noninterest expense to earning assets
  • 0.47%Net operating income to assets
  • 0.49%Return on assets (ROA)
  • 0.74%Pretax return on assets
  • 3.81%Return on equity (ROE)
  • 3.81%Retained earnings to average equity (YTD only)
  • 0.92%Net charge-offs to loans
  • 78.95%Credit loss provision to net charge-offs
  • 1.86%Efficiency ratio
  • 64,939Assets per employee
  • 7.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.70%Loss allowance to noncurrent loans
  • 30.16%Noncurrent assets plus other real estate owned to assets
  • 4.15%Noncurrent loans to loans
  • 5.65%Net loans and leases to deposits
  • 84.27%Net loans and leases to core deposits
  • 86.26%Equity capital to assets
  • 13.15%Core capital (leverage) ratio
  • 12.61%Tier 1 risk-based capital ratio
  • 20.74%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $1,347,135Average earning assets
  • $174,237Average equity
  • $1,272,511Average loans

List of branches

  • 17 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042886Boiling Springs Savings Bank25 Orient Way, Rutherford, NJ 7070April 10, 1939Full Service Brick and Mortar
    1278449753 Ridge Road Branch753 Ridge Road, Lyndhurst, NJ 7071April 10, 1939Full Service Brick and Mortar
    100278450280 Union Ave Branch280 Union Ave, Rutherford, NJ 7070April 10, 1939Full Service Brick and Mortar
    101278451250 West Passaic Street250 West Passaic Street, Rochelle Park, NJ 7662April 10, 1939Full Service Brick and Mortar
    102278452319 Franklin Ave Branch319 Franklin Ave, Wyckoff, NJ 7481June 30, 1985Full Service Brick and Mortar
    10327845360 Beaverbrook Road Branch60 Beaverbrook Road, Lincoln Park, NJ 7035June 30, 1989Full Service Brick and Mortar
    104278543Hillsdale Branch440 Hillsdale Avenue, Hillsdale, NJ 7642September 28, 1939Full Service Brick and Mortar
    106357386Clifton Branch102 Kingsland Road, Clifton, NJ 7014December 04, 1999Full Service Brick and Mortar
    10741466Ridgewood Savings Bk. Of New Jersey55 North Broad Street, Ridgewood, NJ 7450January 01, 1885Full Service Brick and Mortar
    108269577Mahwah Branch6 East Ramapo Avenue, Mahwah, NJ 7430March 08, 1996Full Service Brick and Mortar
    109269578Ho-Ho-kus Branch531 North Maple Avenue, Ridgewood, NJ 7450July 20, 1996Full Service Brick and Mortar
    110340712Duck Pond Branch1124 East Ridgewood Avenue, Ridgewood, NJ 7450May 01, 2000Full Service Brick and Mortar
    111364071Glen Rock Branch217 Rock Road, Glen Rock, NJ 7452June 15, 2002Full Service Brick and Mortar
    112456285Watchung Avenue Branch122 Watchung Avenue, Upper Montclair, NJ 7043September 30, 2006Full Service Brick and Mortar
    113468993Lake Hiawatha Branch66 North Beverwyck Road, Lake Hiawatha, NJ 7034October 25, 2007Full Service Brick and Mortar
    114480411Florham Park Branch209 Ridgedale Ave, Florham Park, NJ 7932May 17, 2008Full Service Brick and Mortar
    115511445Montville Branch448 Main Road, Towaco, NJ 7082November 07, 2009Full Service Brick and Mortar

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