Crest Savings Bank in Wildwood, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Crest Savings Bank in Wildwood, New Jersey (NJ)
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Crest Savings Bank - Overview

  • General
  • FDIC Certificate #: 28818
    Status: Active
    Federal Reserve ID: 172475
    Date Established: January 01, 1919
    WWW: http://www.crestsavings.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 2422
    FDIC's unique #: 41652
    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: April 06, 1961
    Last Structure Change Effective Date: June 29, 2011
    Last Structure Change Process Date: July 13, 2011
    Last Data Update: July 13, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3301 Pacific Avenue, Wildwood, NJ 8260
    County: Cape May
    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): Atlantic-Cape May, NJ (#560)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Core Based Statistical Area (CBSA): Ocean City, NJ (#36140)
    CBSA Metro Statistical Area: Ocean City, NJ (#36140)
  • History of Changes
  • Change in Entity Type
    Change in Supervisory Agency
    Change in Chartering Agent
    Corrections
  • Financial Summary
  • Total assets: $384.4 mil
    Equity capital: $32.4 mil
    Deposits held in domestic offices: $304.6 mil
    Return on assets (ROA): 0.45% ($1.7 mil)
    Quarterly return on assets: 0.49% ($1.9 mil)
    Return on Equity (ROE): 5.63% ($1.8 mil)
    Quarterly return on equity: 5.96% ($1.9 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.69% ($2,652.6 mil)
    Quarterly Pretax return on assets: 0.77% ($2,960.1 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
  • 78Total employees (full-time equivalent)
  • $384,428Total assets
  • $23,700Cash and due from depository institutions
  • $20,226Interest-bearing balances
  • $27,267Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $312,093Net loans & leases
  • $2,203Loan loss allowance
  • $0Trading account assets
  • $5,405Bank premises and fixed assets
  • $0Other real estate owned
  • $666Goodwill and other intangibles
  • $384,428Life insurance assets
  • $15,297All other assets
  • $352,063Total liabilities and capital
  • $304,600Total liabilities
  • $282,500Total deposits
  • $304,600Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $43,000Trading liabilities
  • $0Other borrowed funds
  • $4,463Subordinated debt
  • $32,365All other liabilities
  • $32,365Total equity capital
  • $32,365Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $9,000Surplus
  • $23,365Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,788Income earned, not collected on loans
  • $0Earning assets
  • $1,179Long-term assets (5+ years)
  • $359,586Average Assets, year-to-date
  • $208,928Average Assets, quarterly
  • $378,655Volatile liabilities
  • $388,183Insider loans
  • $233,129FHLB advances
  • $383,909Loans and leases held for sale
  • $6,556Unused loan commitments
  • $6,556Tier 1 (core) risk-based capital
  • $30,181Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $24,680Restructured Loans and leases
  • $3,037Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,919Total interest income
  • $4,981Total interest expense
  • $11,938Net interest income
  • $600Provision for loan and lease losses
  • $1,448Total noninterest income
  • $0Fiduciary activities
  • $476Service charges on deposit accounts
  • $0Trading account gains & fees
  • $972Additional noninterest income
  • $10,177Total noninterest expense
  • $5,174Salaries and employee benefits
  • $1,211Premises and equipment expense
  • $3,792Additional noninterest expense
  • $2,609Pre-tax net operating income
  • $0Securities gains (losses)
  • $907Applicable income taxes
  • $1,702Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,702Net income attributable to bank
  • $0Net charge-offs
  • $1,702Cash dividends
  • $275Sale, conversion, retirement of capital stock, net
  • $348Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.78%Yield on earning assets
  • 1.41%Cost of funding earning assets
  • 3.37%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 2.88%Noninterest expense to earning assets
  • 0.45%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.69%Pretax return on assets
  • 5.63%Return on equity (ROE)
  • 4.48%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 218.18%Credit loss provision to net charge-offs
  • 11.67%Efficiency ratio
  • 75,377Assets per employee
  • 4.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 20.45%Loss allowance to loans
  • 0.70%Loss allowance to noncurrent loans
  • 123.21%Noncurrent assets plus other real estate owned to assets
  • 0.47%Noncurrent loans to loans
  • 0.57%Net loans and leases to deposits
  • 102.46%Net loans and leases to core deposits
  • 107.79%Equity capital to assets
  • 8.42%Core capital (leverage) ratio
  • 7.86%Tier 1 risk-based capital ratio
  • 12.95%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $378,655Average earning assets
  • $30,223Average equity
  • $353,848Average loans

List of branches

  • 8 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041652Crest Savings Bank3301 Pacific Avenue, Wildwood, NJ 8260January 01, 1919Full Service Brick and Mortar
    101270791Diamond Beach Branch9800 Pacific Avenue, Wildwood Crest, NJ 8260September 06, 1994Full Service Brick and Mortar
    102270792500 New Jersey Avenue Branch500 New Jersey Avenue, North Wildwood, NJ 8260November 01, 1996Full Service Brick and Mortar
    1032707931890 Bayshore Road Branch1890 Bayshore Road, Villas, NJ 8251August 30, 1996Full Service Brick and Mortar
    104210241Villas Branch1010 Bayshore Road, Villas, NJ 8251May 04, 1953Full Service Brick and Mortar
    1054229483306 Bayshore Road Branch3306 Bayshore Road, North Cape May, NJ 8204Febuary 25, 2002Full Service Brick and Mortar
    1064229495500 New Jersey Avenue Branch5500 New Jersey Avenue, Wildwood Crest, NJ 8260May 01, 1988Full Service Brick and Mortar
    107289358Sea Isle City Branch4415 Landis Avenue, Sea Isle City, NJ 8243December 03, 1994Full Service Brick and Mortar

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