First Home Savings Bank, SLA in Penns Grove, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 26, 1993

  • First Home Savings Bank, SLA in Penns Grove, New Jersey (NJ)
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First Home Savings Bank, SLA - Overview

  • General
  • FDIC Certificate #: 30850
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: First Home Savings Bank, F.S.B. (#31771)
    Federal Reserve ID: 567576
    Date Established: January 01, 1928
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 6011
    FDIC's unique #: 43684
    Numeric code: 35
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 30, 1956
    Last Structure Change Effective Date: June 26, 1993
    Last Structure Change Process Date: July 06, 1993
    Last Data Update: August 24, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 48 West Main St, Penns Grove, NJ 8069
    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)
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $292.7 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $78Total assets
  • $284,065Cash and due from depository institutions
  • $9,723Interest-bearing balances
  • $6,307Securities
  • $105,021Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $154,864Loan loss allowance
  • $1,900Trading account assets
  • $3,000Bank premises and fixed assets
  • $2,153Other real estate owned
  • $3,269Goodwill and other intangibles
  • $6,035Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $284,065Total liabilities
  • $266,734Total deposits
  • $207,294Interest-bearing deposits
  • $203,817Deposits held in domestic offices
  • 207294.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $57,566Subordinated debt
  • $0All other liabilities
  • $1,874Total equity capital
  • $1,874Total bank equity capital
  • $17,331Perpetual preferred stock
  • $0Common stock
  • $1,036Surplus
  • $5,707Undivided profits
  • Memoranda
  • $10,588Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,124Income earned, not collected on loans
  • $921Earning assets
  • $269,192Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $270,313Average Assets, quarterly
  • $278,209Volatile liabilities
  • $74,572Insider loans
  • $0FHLB advances
  • $57,566Loans and leases held for sale
  • $0Unused loan commitments
  • $7,726Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $17,199Total risk weighted assets
  • $131,360Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $22,206Total interest expense
  • $12,519Net interest income
  • $9,687Provision for loan and lease losses
  • $881Total noninterest income
  • $498Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $12Additional noninterest income
  • $486Total noninterest expense
  • $5,511Salaries and employee benefits
  • $2,695Premises and equipment expense
  • $834Additional noninterest expense
  • $1,982Pre-tax net operating income
  • $3,793Securities gains (losses)
  • $373Applicable income taxes
  • $1,668Income before extraordinary items
  • $2,498Extraordinary gains - net
  • $16Net income attributable to bank
  • $2,514Net charge-offs
  • $18Cash dividends
  • $447Sale, conversion, retirement of capital stock, net
  • $299Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.72%Cost of funding earning assets
  • 4.92%Net interest margin
  • 3.80%Noninterest income to earning assets
  • 0.20%Noninterest expense to earning assets
  • 2.16%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 1.55%Return on equity (ROE)
  • 15.01%Retained earnings to average equity (YTD only)
  • 12.34%Net charge-offs to loans
  • 0.01%Credit loss provision to net charge-offs
  • 4894.44%Efficiency ratio
  • 54,109Assets per employee
  • 3.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.78%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 89.45%Noncurrent assets plus other real estate owned to assets
  • 1.90%Noncurrent loans to loans
  • 1.35%Net loans and leases to deposits
  • 74.71%Net loans and leases to core deposits
  • 81.38%Equity capital to assets
  • 6.10%Core capital (leverage) ratio
  • 6.07%Tier 1 risk-based capital ratio
  • 13.09%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $270,313Average earning assets
  • $16,752Average equity
  • $254,643Average loans

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