Crestmont Federal Savings and Loan Association in Edison, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 13, 1994

  • Crestmont Federal Savings and Loan Association in Edison, New Jersey (NJ)
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Crestmont Federal Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 28358
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Summit Bank (#8610)
    Federal Reserve ID: 78979
    Date Established: January 01, 1908
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1432
    FDIC's unique #: 41192
    Numeric code: 37
    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: January 03, 1939
    Last Structure Change Effective Date: September 13, 1994
    Last Structure Change Process Date: November 01, 1994
    Last Data Update: December 06, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 46 Parsonage, Edison, NJ 8817
    County: Middlesex
    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): Middlesex-Somerset-Hunterdon, NJ (#5015)
    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: Edison-New Brunswick, NJ (#20764)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $1,045.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $257Total assets
  • $1,023,737Cash and due from depository institutions
  • $14,091Interest-bearing balances
  • $0Securities
  • $430,468Federal funds sold & reverse repurchase agreements
  • $10,000Net loans & leases
  • $512,726Loan loss allowance
  • $10,215Trading account assets
  • $0Bank premises and fixed assets
  • $3,946Other real estate owned
  • $534Goodwill and other intangibles
  • $51,517Life insurance assets
  • $455All other assets
  • $0Total liabilities and capital
  • $1,023,737Total liabilities
  • $955,509Total deposits
  • $811,822Interest-bearing deposits
  • $811,822Deposits held in domestic offices
  • 811822.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $136,996Subordinated debt
  • $0All other liabilities
  • $6,691Total equity capital
  • $6,691Total bank equity capital
  • $68,228Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $39,190Undivided profits
  • Memoranda
  • $29,037Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $19,323Income earned, not collected on loans
  • $3,204Earning assets
  • $953,194Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $1,033,446Average Assets, quarterly
  • $1,021,276Volatile liabilities
  • $185,973Insider loans
  • $788FHLB advances
  • $115,981Loans and leases held for sale
  • $0Unused loan commitments
  • $88,614Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $68,050Total risk weighted assets
  • $546,098Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $74,034Total interest expense
  • $39,450Net interest income
  • $34,584Provision for loan and lease losses
  • $4,250Total noninterest income
  • $3,466Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $3,466Total noninterest expense
  • $28,372Salaries and employee benefits
  • $10,713Premises and equipment expense
  • $6,000Additional noninterest expense
  • $11,659Pre-tax net operating income
  • $5,428Securities gains (losses)
  • $1,090Applicable income taxes
  • $1,447Income before extraordinary items
  • $5,071Extraordinary gains - net
  • $3,493Net income attributable to bank
  • $8,564Net charge-offs
  • $7,780Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $156Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.83%Cost of funding earning assets
  • 4.17%Net interest margin
  • 3.66%Noninterest income to earning assets
  • 0.37%Noninterest expense to earning assets
  • 3.00%Net operating income to assets
  • 0.41%Return on assets (ROA)
  • 0.83%Pretax return on assets
  • 0.97%Return on equity (ROE)
  • 13.31%Retained earnings to average equity (YTD only)
  • 13.31%Net charge-offs to loans
  • 1.42%Credit loss provision to net charge-offs
  • 54.63%Efficiency ratio
  • 74,565Assets per employee
  • 3.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.95%Loss allowance to noncurrent loans
  • 52.86%Noncurrent assets plus other real estate owned to assets
  • 1.94%Noncurrent loans to loans
  • 3.70%Net loans and leases to deposits
  • 63.16%Net loans and leases to core deposits
  • 67.21%Equity capital to assets
  • 6.66%Core capital (leverage) ratio
  • 6.65%Tier 1 risk-based capital ratio
  • 12.46%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $1,033,446Average earning assets
  • $64,350Average equity
  • $945,934Average loans

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