First Savings Bank in Woodbridge, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 14, 2004

  • First Savings Bank in Woodbridge, New Jersey (NJ)
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First Savings Bank - Overview

  • General
  • FDIC Certificate #: 30255
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Provident Bank (#12010)
    Federal Reserve ID: 1003679
    Date Established: January 01, 1901
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 22 (Interstate: No)
    OTS Docket #: 5056
    FDIC's unique #: 43089
    Numeric code: 41
    Regulator: FDIC
    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: June 28, 1945
    Last Structure Change Effective Date: July 14, 2004
    Last Structure Change Process Date: September 22, 2004
    Last Data Update: September 22, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 1000 Woodbridge Center Drive, Woodbridge, NJ 7095
    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)
  • Financial Summary
  • Total assets: $2,167.2 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
  • 299Total employees (full-time equivalent)
  • $2,180,494Total assets
  • $18,845Cash and due from depository institutions
  • $0Interest-bearing balances
  • $806,271Securities
  • $59,800Federal funds sold & reverse repurchase agreements
  • $1,210,824Net loans & leases
  • $12,768Loan loss allowance
  • $0Trading account assets
  • $15,160Bank premises and fixed assets
  • $0Other real estate owned
  • $3,768Goodwill and other intangibles
  • $0Life insurance assets
  • $65,826All other assets
  • $2,180,494Total liabilities and capital
  • $1,968,973Total liabilities
  • $1,361,502Total deposits
  • $1,270,602Interest-bearing deposits
  • $1,361,502Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $466,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $135,880Other borrowed funds
  • $0Subordinated debt
  • $5,591All other liabilities
  • $211,521Total equity capital
  • $211,521Total bank equity capital
  • $211,521Perpetual preferred stock
  • $0Common stock
  • $2Surplus
  • $145,265Undivided profits
  • Memoranda
  • $66,254Noncurrent loans and leases
  • $312,818Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,826Earning assets
  • $0Long-term assets (5+ years)
  • $9,023Average Assets, year-to-date
  • $2,076,895Average Assets, quarterly
  • $950,670Volatile liabilities
  • $2,236,350Insider loans
  • $2,208,484FHLB advances
  • $541,660Loans and leases held for sale
  • $3,169Unused loan commitments
  • $125,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $777Total risk weighted assets
  • $312,818Total unused commitments
  • $0Restructured Loans and leases
  • $12,768Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $107,736Total interest income
  • $51,314Total interest expense
  • $56,422Net interest income
  • $0Provision for loan and lease losses
  • $9,080Total noninterest income
  • $0Fiduciary activities
  • $1,951Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,129Additional noninterest income
  • $33,967Total noninterest expense
  • $20,010Salaries and employee benefits
  • $3,998Premises and equipment expense
  • $9,959Additional noninterest expense
  • $31,535Pre-tax net operating income
  • $370Securities gains (losses)
  • $12,079Applicable income taxes
  • $19,826Income before extraordinary items
  • $0Extraordinary gains - net
  • $19,826Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $62Sale, conversion, retirement of capital stock, net
  • $20,000Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.08%Yield on earning assets
  • 2.42%Cost of funding earning assets
  • 2.66%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 1.60%Noninterest expense to earning assets
  • 0.88%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 1.43%Pretax return on assets
  • 9.66%Return on equity (ROE)
  • -0.08%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 508.63%Efficiency ratio
  • 50,576Assets per employee
  • 7.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 100.88%Loss allowance to loans
  • 1.04%Loss allowance to noncurrent loans
  • 699.23%Noncurrent assets plus other real estate owned to assets
  • 0.08%Noncurrent loans to loans
  • 0.15%Net loans and leases to deposits
  • 88.93%Net loans and leases to core deposits
  • 94.17%Equity capital to assets
  • 9.70%Core capital (leverage) ratio
  • 9.18%Tier 1 risk-based capital ratio
  • 18.29%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $2,236,350Average earning assets
  • $205,270Average equity
  • $2,121,455Average loans

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