Carteret Federal Savings Bank of New Jersey in Madison, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 10, 1995

  • Carteret Federal Savings Bank of New Jersey in Madison, New Jersey (NJ)
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Carteret Federal Savings Bank of New Jersey - Overview

  • General
  • FDIC Certificate #: 33749
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: The Bank of New York (#6420)
    Federal Reserve ID: 659275
    Date Established: December 04, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 10505
    FDIC's unique #: 47956
    Numeric code: 34
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: December 04, 1992
    Last Structure Change Effective Date: March 10, 1995
    Last Structure Change Process Date: March 27, 1995
    Last Data Update: March 25, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 110 Greenwood Avenue, Madison, NJ 7940
    County: Morris
    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): Newark, NJ (#5640)
    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: Newark-Union, NJ-PA (#35084)
  • History of Changes
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
    Office Sold
    Corrections
  • Financial Summary
  • Total assets: $1,306.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $419Total assets
  • $1,306,203Cash and due from depository institutions
  • $28,447Interest-bearing balances
  • $6,000Securities
  • $213,130Federal funds sold & reverse repurchase agreements
  • $216,530Net loans & leases
  • $778,313Loan loss allowance
  • $59,865Trading account assets
  • $0Bank premises and fixed assets
  • $7,903Other real estate owned
  • $5,251Goodwill and other intangibles
  • $56,629Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $1,306,203Total liabilities
  • $1,484,838Total deposits
  • $1,238,538Interest-bearing deposits
  • $1,238,538Deposits held in domestic offices
  • 1238538.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $61,424Subordinated debt
  • $0All other liabilities
  • $184,876Total equity capital
  • $184,876Total bank equity capital
  • $-178,635Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-178,635Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $67,233Income earned, not collected on loans
  • $9,577Earning assets
  • $1,213,973Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $2,378,748Average Assets, quarterly
  • $1,827,634Volatile liabilities
  • $70,205Insider loans
  • $379FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $45,183Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-179,130Total risk weighted assets
  • $656,010Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $151,637Total interest expense
  • $95,676Net interest income
  • $55,961Provision for loan and lease losses
  • $18,600Total noninterest income
  • $21,799Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $21,799Total noninterest expense
  • $72,890Salaries and employee benefits
  • $31,650Premises and equipment expense
  • $12,489Additional noninterest expense
  • $28,751Pre-tax net operating income
  • -$13,730Securities gains (losses)
  • -$21,040Applicable income taxes
  • -$1,720Income before extraordinary items
  • -$33,050Extraordinary gains - net
  • $0Net income attributable to bank
  • -$33,050Net charge-offs
  • $32,408Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.13%Cost of funding earning assets
  • 4.50%Net interest margin
  • 2.63%Noninterest income to earning assets
  • 1.02%Noninterest expense to earning assets
  • 3.43%Net operating income to assets
  • -0.55%Return on assets (ROA)
  • -1.39%Pretax return on assets
  • -1.46%Return on equity (ROE)
  • 20.69%Retained earnings to average equity (YTD only)
  • 20.69%Net charge-offs to loans
  • 2.06%Credit loss provision to net charge-offs
  • 57.39%Efficiency ratio
  • 93,737Assets per employee
  • 3.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 7.14%Loss allowance to noncurrent loans
  • 89.04%Noncurrent assets plus other real estate owned to assets
  • 5.55%Noncurrent loans to loans
  • 8.02%Net loans and leases to deposits
  • 62.84%Net loans and leases to core deposits
  • 63.29%Equity capital to assets
  • -13.68%Core capital (leverage) ratio
  • -13.68%Tier 1 risk-based capital ratio
  • -27.31%Total risk-based capital ratio
  • Memoranda
  • -$28Average assets
  • $2,378,748Average earning assets
  • -$159,715Average equity
  • $2,128,056Average loans

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