First Savings Bank of New Jersey SLA in city_name, state_name

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

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

First Savings Bank of New Jersey SLA - Overview

Assets and Liabilities (December 31, 1998)

Income and Expense (December 31, 1998)

Performance and Condition Ratios (December 31, 1998)

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

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

First Savings Bank of New Jersey SLA - Overview

Assets and Liabilities (December 31, 1998)

Income and Expense (December 31, 1998)

Performance and Condition Ratios (December 31, 1998)

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

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