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

This bank is inactive as of March 05, 1999

  • First Savings Bank of New Jersey SLA in Bayonne, New Jersey (NJ)
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First Savings Bank of New Jersey SLA - Overview

  • General
  • FDIC Certificate #: 30257
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Richmond County Savings Bank (#16027)
    Federal Reserve ID: 263971
    Date Established: January 01, 1889
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 5061
    FDIC's unique #: 43091
    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: April 06, 1945
    Last Structure Change Effective Date: March 05, 1999
    Last Structure Change Process Date: April 13, 1999
    Last Data Update: April 13, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 568 Broadway, Bayonne, NJ 7002
    County: Hudson
    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): Jersey City, NJ (#3640)
    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)
  • Financial Summary
  • Total assets: $637.6 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 65Total employees (full-time equivalent)
  • $637,641Total assets
  • $7,429Cash and due from depository institutions
  • $5,173Interest-bearing balances
  • $309,262Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $295,770Net loans & leases
  • $3,064Loan loss allowance
  • $0Trading account assets
  • $4,824Bank premises and fixed assets
  • $1,262Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $19,094All other assets
  • $637,641Total liabilities and capital
  • $575,264Total liabilities
  • $422,233Total deposits
  • $403,075Interest-bearing deposits
  • $422,233Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $15,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $130,042Other borrowed funds
  • $0Subordinated debt
  • $7,989All other liabilities
  • $62,377Total equity capital
  • $62,377Total bank equity capital
  • $62,377Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $37,106Undivided profits
  • Memoranda
  • $25,270Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,371Earning assets
  • $0Long-term assets (5+ years)
  • $1,779Average Assets, year-to-date
  • $610,205Average Assets, quarterly
  • $0Volatile liabilities
  • $642,882Insider loans
  • $646,864FHLB advances
  • $194,860Loans and leases held for sale
  • $1,513Unused loan commitments
  • $129,825Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $13,256Total unused commitments
  • $0Restructured Loans and leases
  • $289,622Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $41,549Total interest income
  • $25,700Total interest expense
  • $15,849Net interest income
  • $245Provision for loan and lease losses
  • $2,082Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,082Additional noninterest income
  • $9,997Total noninterest expense
  • $5,267Salaries and employee benefits
  • $1,989Premises and equipment expense
  • $2,741Additional noninterest expense
  • $7,689Pre-tax net operating income
  • $97Securities gains (losses)
  • $2,881Applicable income taxes
  • $4,905Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,905Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $61Sale, conversion, retirement of capital stock, net
  • $568Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.74%Yield on earning assets
  • 4.17%Cost of funding earning assets
  • 2.57%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 1.62%Noninterest expense to earning assets
  • 0.75%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 1.21%Pretax return on assets
  • 6.73%Return on equity (ROE)
  • 5.95%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 401.64%Credit loss provision to net charge-offs
  • 130.07%Efficiency ratio
  • 55,753Assets per employee
  • 9.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 11.58%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 90.89%Noncurrent assets plus other real estate owned to assets
  • 0.63%Noncurrent loans to loans
  • 1.13%Net loans and leases to deposits
  • 70.05%Net loans and leases to core deposits
  • 79.42%Equity capital to assets
  • 9.78%Core capital (leverage) ratio
  • 9.99%Tier 1 risk-based capital ratio
  • 22.05%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $642,882Average earning assets
  • $72,871Average equity
  • $616,476Average loans

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