CrossLand Savings, FSB in Cliffside Park, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1993

  • CrossLand Savings, FSB in Cliffside Park, New Jersey (NJ)
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CrossLand Savings, FSB - Overview

  • General
  • FDIC Certificate #: 28457
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: CrossLand Federal Savings Bank (#33876)
    Federal Reserve ID: 470872
    Date Established: January 01, 1924
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1630
    FDIC's unique #: 41291
    Numeric code: 33
    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: August 02, 1966
    Last Structure Change Effective Date: December 31, 1993
    Last Structure Change Process Date: June 29, 1994
    Last Data Update: December 20, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 761 Palisade Avenue, Cliffside Park, NJ 7010
    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)
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $919.7 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $165Total assets
  • $1,133,665Cash and due from depository institutions
  • $1,786Interest-bearing balances
  • $0Securities
  • $137,271Federal funds sold & reverse repurchase agreements
  • $33,000Net loans & leases
  • $793,173Loan loss allowance
  • $26,739Trading account assets
  • $0Bank premises and fixed assets
  • $15,290Other real estate owned
  • $81,843Goodwill and other intangibles
  • $64,971Life insurance assets
  • $6,331All other assets
  • $0Total liabilities and capital
  • $1,133,665Total liabilities
  • $693,710Total deposits
  • $563,709Interest-bearing deposits
  • $557,669Deposits held in domestic offices
  • 563709.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $76,053Subordinated debt
  • $0All other liabilities
  • $53,948Total equity capital
  • $53,948Total bank equity capital
  • $439,955Perpetual preferred stock
  • $0Common stock
  • $11Surplus
  • $425,695Undivided profits
  • Memoranda
  • $14,249Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $76,847Income earned, not collected on loans
  • $6,518Earning assets
  • $963,444Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $1,449,987Average Assets, quarterly
  • $1,227,108Volatile liabilities
  • $105,874Insider loans
  • $0FHLB advances
  • $76,053Loans and leases held for sale
  • $0Unused loan commitments
  • $12,861Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $433,624Total risk weighted assets
  • $806,134Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $93,665Total interest expense
  • $35,475Net interest income
  • $58,190Provision for loan and lease losses
  • $11,010Total noninterest income
  • $7,280Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $7,280Total noninterest expense
  • $42,247Salaries and employee benefits
  • $6,472Premises and equipment expense
  • $4,943Additional noninterest expense
  • $30,832Pre-tax net operating income
  • $12,213Securities gains (losses)
  • $5,876Applicable income taxes
  • $88Income before extraordinary items
  • $18,001Extraordinary gains - net
  • $0Net income attributable to bank
  • $18,001Net charge-offs
  • $16,670Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • -$228,150Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.44%Cost of funding earning assets
  • 2.82%Net interest margin
  • 4.62%Noninterest income to earning assets
  • 0.58%Noninterest expense to earning assets
  • 3.35%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 1.24%Pretax return on assets
  • 1.25%Return on equity (ROE)
  • 3.98%Retained earnings to average equity (YTD only)
  • 3.98%Net charge-offs to loans
  • 1.79%Credit loss provision to net charge-offs
  • 66.05%Efficiency ratio
  • 59,690Assets per employee
  • 6.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.26%Loss allowance to noncurrent loans
  • 34.80%Noncurrent assets plus other real estate owned to assets
  • 13.46%Noncurrent loans to loans
  • 9.37%Net loans and leases to deposits
  • 140.71%Net loans and leases to core deposits
  • 148.57%Equity capital to assets
  • 38.81%Core capital (leverage) ratio
  • 39.82%Tier 1 risk-based capital ratio
  • 53.79%Total risk-based capital ratio
  • Memoranda
  • $55Average assets
  • $1,449,987Average earning assets
  • $452,777Average equity
  • $1,259,406Average loans

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