FDIC Certificate #: 31330 Status: Inactive Federal Reserve ID: 331777 Date Established: January 01, 1925 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 6755 FDIC's unique #: 44164 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: May 20, 1963 Last Structure Change Effective Date: Febuary 14, 2004 Last Structure Change Process Date: Febuary 17, 2004 Last Data Update: Febuary 17, 2004 Data Source Date: April 05, 2012
Location
Address: 893 Franklin Avenue, Newark, NJ 7107 County: Essex 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
Financial Difficulty - Payoff
Financial Summary
Total assets: $13.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
4Total employees (full-time equivalent)
$13,408Total assets
$3,562Cash and due from depository institutions
$3,089Interest-bearing balances
$1,863Securities
$0Federal funds sold & reverse repurchase agreements
$7,459Net loans & leases
$143Loan loss allowance
$0Trading account assets
$268Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$256All other assets
$13,408Total liabilities and capital
$11,275Total liabilities
$10,909Total deposits
$10,909Interest-bearing deposits
$10,909Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$366All other liabilities
$2,133Total equity capital
$2,133Total bank equity capital
$2,133Perpetual preferred stock
$0Common stock
$1Surplus
$629Undivided profits
Memoranda
$1,503Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$484Earning assets
$0Long-term assets (5+ years)
$46Average Assets, year-to-date
$12,411Average Assets, quarterly
$0Volatile liabilities
$11,951Insider loans
$12,795FHLB advances
$336Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$73Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$669Total interest income
$114Total interest expense
$555Net interest income
$0Provision for loan and lease losses
$229Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$229Additional noninterest income
$575Total noninterest expense
$293Salaries and employee benefits
$96Premises and equipment expense
$186Additional noninterest expense
$209Pre-tax net operating income
$0Securities gains (losses)
$91Applicable income taxes
$118Income before extraordinary items
$0Extraordinary gains - net
$118Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.06%Yield on earning assets
1.03%Cost of funding earning assets
5.03%Net interest margin
2.08%Noninterest income to earning assets
5.21%Noninterest expense to earning assets
0.99%Net operating income to assets
0.99%Return on assets (ROA)
1.75%Pretax return on assets
5.68%Return on equity (ROE)
5.68%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
73,342Assets per employee
3.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.88%Loss allowance to noncurrent loans
29.55%Noncurrent assets plus other real estate owned to assets
3.61%Noncurrent loans to loans
6.37%Net loans and leases to deposits
68.37%Net loans and leases to core deposits
70.55%Equity capital to assets
15.91%Core capital (leverage) ratio
15.91%Tier 1 risk-based capital ratio
37.13%Total risk-based capital ratio
Memoranda
$38Average assets
$11,951Average earning assets
$2,078Average equity
$11,031Average loans
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