Century Savings Bank in Vineland, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Century Savings Bank in Vineland, New Jersey (NJ)
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Century Savings Bank - Overview

  • General
  • FDIC Certificate #: 30428
    Status: Active
    Federal Reserve ID: 392778
    Bank Holding Company (Regulatory Top Holder): Century Bancorp Mhc (RSSDID: 2560508, Location: Vineland, NJ)
    Date Established: January 01, 1865
    WWW: http://www.centurysb.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 5322
    FDIC's unique #: 43262
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: October 05, 1953
    Last Structure Change Effective Date: June 01, 2007
    Last Structure Change Process Date: Febuary 23, 2009
    Last Data Update: Febuary 23, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1376 W. Sherman Avenue, Vineland, NJ 8360
    County: Cumberland
    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): Vineland-Millville-Bridgeton, NJ (#8760)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Vineland-Millville-Bridgeton, NJ (#47220)
    CBSA Metro Statistical Area: Vineland-Millville-Bridgeton, NJ (#47220)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $348.4 mil
    Equity capital: $54.9 mil
    Deposits held in domestic offices: $285.5 mil
    Return on assets (ROA): 0.46% ($1.6 mil)
    Quarterly return on assets: 0.44% ($1.5 mil)
    Return on Equity (ROE): 2.89% ($1.6 mil)
    Quarterly return on equity: 2.75% ($1.5 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.76% ($2,648.1 mil)
    Quarterly Pretax return on assets: 0.71% ($2,473.9 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
  • 63Total employees (full-time equivalent)
  • $348,436Total assets
  • $18,122Cash and due from depository institutions
  • $16,474Interest-bearing balances
  • $196,503Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $109,739Net loans & leases
  • $2,159Loan loss allowance
  • $0Trading account assets
  • $13,787Bank premises and fixed assets
  • $823Other real estate owned
  • $0Goodwill and other intangibles
  • $348,436Life insurance assets
  • $9,462All other assets
  • $293,513Total liabilities and capital
  • $285,496Total liabilities
  • $275,155Total deposits
  • $285,496Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,512Trading liabilities
  • $0Other borrowed funds
  • $5,505Subordinated debt
  • $54,923All other liabilities
  • $54,923Total equity capital
  • $54,923Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $0Surplus
  • $54,773Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,712Income earned, not collected on loans
  • $0Earning assets
  • $1,090Long-term assets (5+ years)
  • $322,716Average Assets, year-to-date
  • $250,487Average Assets, quarterly
  • $335,140Volatile liabilities
  • $346,000Insider loans
  • $200,170FHLB advances
  • $351,505Loans and leases held for sale
  • $7,026Unused loan commitments
  • $7,026Tier 1 (core) risk-based capital
  • $52,020Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,702Restructured Loans and leases
  • $1,375Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,958Total interest income
  • $3,297Total interest expense
  • $9,661Net interest income
  • $561Provision for loan and lease losses
  • $885Total noninterest income
  • $0Fiduciary activities
  • $260Service charges on deposit accounts
  • $0Trading account gains & fees
  • $625Additional noninterest income
  • $7,839Total noninterest expense
  • $4,384Salaries and employee benefits
  • $1,118Premises and equipment expense
  • $2,337Additional noninterest expense
  • $2,146Pre-tax net operating income
  • $390Securities gains (losses)
  • $994Applicable income taxes
  • $1,542Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,542Net income attributable to bank
  • $0Net charge-offs
  • $1,542Cash dividends
  • $128Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.17%Yield on earning assets
  • 1.06%Cost of funding earning assets
  • 3.11%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 2.52%Noninterest expense to earning assets
  • 0.39%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 2.89%Return on equity (ROE)
  • 2.89%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 438.28%Credit loss provision to net charge-offs
  • 21.15%Efficiency ratio
  • 74,332Assets per employee
  • 5.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.93%Loss allowance to noncurrent loans
  • 45.82%Noncurrent assets plus other real estate owned to assets
  • 1.59%Noncurrent loans to loans
  • 4.21%Net loans and leases to deposits
  • 38.44%Net loans and leases to core deposits
  • 39.97%Equity capital to assets
  • 15.76%Core capital (leverage) ratio
  • 14.80%Tier 1 risk-based capital ratio
  • 25.99%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $335,140Average earning assets
  • $53,448Average equity
  • $310,876Average loans

List of branches

  • 6 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043262Century Savings Bank1376 W. Sherman Avenue, Vineland, NJ 8360January 01, 1865Full Service Brick and Mortar
    12803801005 East Landis Avenue Branch1005 East Landis Avenue, Vineland, NJ 8360April 06, 1964Full Service Brick and Mortar
    2280381121 North Main St Branch121 North Main St, Elmer, NJ 8318May 01, 1962Full Service Brick and Mortar
    3280382800 East Broad Street Branch800 East Broad Street, Gibbstown, NJ 8027July 02, 1973Full Service Brick and Mortar
    100280383100 North Main St Branch100 North Main St, Mullica Hill, NJ 8062June 20, 1980Full Service Brick and Mortar
    101463999Bridgeton Branch53 Cornwell Drive, Bridgeton, NJ 8302May 31, 2007Full Service Brick and Mortar

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