First Home Savings Bank, F.S.B. in city_name, state_name - Detailed Financial Reports, Location

First Home Savings Bank, F.S.B. in Pennsville, New Jersey (NJ)
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First Home Savings Bank, F.S.B. - Overview

General
FDIC Certificate #: 31771
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Sovereign Bank, National Association (#29950)
Federal Reserve ID: 567576
Date Established: January 01, 1911
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 7447
FDIC's unique #: 44605
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: December 11, 1975
Last Structure Change Effective Date: July 31, 1998
Last Structure Change Process Date: October 08, 1998
Last Data Update: October 08, 1998
Data Source Date: April 05, 2012
Location
Address: 125 South Broadway, Pennsville, NJ 8070
County: Salem
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): Philadelphia, PA-NJ (#6160)
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): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
Core Based Statistical Division: Wilmington, DE-MD-NJ (#48864)
Financial Summary
Total assets: $522.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
120Total employees (full-time equivalent)
$536,933Total assets
$6,170Cash and due from depository institutions
$720Interest-bearing balances
$237,919Securities
$0Federal funds sold & reverse repurchase agreements
$276,286Net loans & leases
$3,616Loan loss allowance
$64Trading account assets
$2,844Bank premises and fixed assets
$855Other real estate owned
$636Goodwill and other intangibles
$0Life insurance assets
$12,159All other assets
$536,933Total liabilities and capital
$500,721Total liabilities
$326,569Total deposits
$318,600Interest-bearing deposits
$326,569Deposits held in domestic offices
0.00%% insured (estimated)
$50,000Federal funds purchased & repurchase agreements
$0Trading liabilities
$121,829Other borrowed funds
$0Subordinated debt
$2,323All other liabilities
$36,212Total equity capital
$36,212Total bank equity capital
$36,212Perpetual preferred stock
$0Common stock
$0Surplus
$8,919Undivided profits
Memoranda
$27,293Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,625Earning assets
$0Long-term assets (5+ years)
$1,606Average Assets, year-to-date
$514,989Average Assets, quarterly
$0Volatile liabilities
$517,730Insider loans
$530,611FHLB advances
$226,650Loans and leases held for sale
$1,060Unused loan commitments
$121,829Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$14,251Total unused commitments
$0Restructured Loans and leases
$230,888Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$38,458Total interest income
$23,663Total interest expense
$14,795Net interest income
$400Provision for loan and lease losses
$1,540Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$225Trading account gains & fees
$1,315Additional noninterest income
$8,609Total noninterest expense
$4,830Salaries and employee benefits
$1,310Premises and equipment expense
$2,469Additional noninterest expense
$7,326Pre-tax net operating income
$41Securities gains (losses)
$2,465Applicable income taxes
$4,902Income before extraordinary items
$0Extraordinary gains - net
$4,902Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$745Sale, conversion, retirement of capital stock, net
$1,771Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.75%Yield on earning assets
4.77%Cost of funding earning assets
2.98%Net interest margin
0.31%Noninterest income to earning assets
1.74%Noninterest expense to earning assets
0.94%Net operating income to assets
0.95%Return on assets (ROA)
1.42%Pretax return on assets
14.45%Return on equity (ROE)
9.23%Retained earnings to average equity (YTD only)
0.27%Net charge-offs to loans
53.69%Credit loss provision to net charge-offs
10.37%Efficiency ratio
52,017Assets per employee
4.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
36.13%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
99.75%Noncurrent assets plus other real estate owned to assets
0.83%Noncurrent loans to loans
1.30%Net loans and leases to deposits
84.60%Net loans and leases to core deposits
101.67%Equity capital to assets
6.74%Core capital (leverage) ratio
6.60%Tier 1 risk-based capital ratio
15.33%Total risk-based capital ratio
Memoranda
$17Average assets
$517,730Average earning assets
$33,914Average equity
$496,104Average loans

First Home Savings Bank, F.S.B. in Pennsville, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Home Savings Bank, F.S.B. - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

Comment about this bank, ask questions, or add new information about it:

First Home Savings Bank, F.S.B. in Pennsville, New Jersey (NJ)Overview, Financial Summary, Detailed Financial Reports, Branches

First Home Savings Bank, F.S.B. - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

Comment about this bank, ask questions, or add new information about it:

First Home Savings Bank, F.S.B. in Pennsville, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches