Fort Lee Federal Savings Bank, FSB in Fort Lee, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Fort Lee Federal Savings Bank, FSB in Fort Lee, New Jersey (NJ)
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Fort Lee Federal Savings Bank, FSB - Overview

  • General
  • FDIC Certificate #: 35527
    Status: Active
    Federal Reserve ID: 3001437
    Date Established: December 15, 2000
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 16832
    FDIC's unique #: 81322
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: December 15, 2000
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 817 Abbott Blvd, Fort Lee, NJ 7024
    County: Bergen
    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): Bergen-Passaic, NJ (#875)
    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)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $52.1 mil
    Equity capital: $1.2 mil
    Deposits held in domestic offices: $50.7 mil
    Return on assets (ROA): -4.77% (-$2.5 mil)
    Quarterly return on assets: -14.61% (-$7.6 mil)
    Return on Equity (ROE): -86.51% (-$0.9 mil)
    Quarterly return on equity: -360.68% (-$3.6 mil)
    Net income: -$2.7 mil
    Quarterly Net income: -$2.0 mil
    Pretax return on assets: -3.09% (-$1,609.5 mil)
    Quarterly Pretax return on assets: -3.66% (-$1,906.4 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, 2011)

  • Dollar figures in thousands
  • 11Total employees (full-time equivalent)
  • $52,087Total assets
  • $18,677Cash and due from depository institutions
  • $2,568Interest-bearing balances
  • $298Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $27,843Net loans & leases
  • $275Loan loss allowance
  • $0Trading account assets
  • $3,830Bank premises and fixed assets
  • $345Other real estate owned
  • $9Goodwill and other intangibles
  • $52,087Life insurance assets
  • $1,085All other assets
  • $50,895Total liabilities and capital
  • $50,658Total liabilities
  • $42,216Total deposits
  • $50,658Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $237Subordinated debt
  • $1,192All other liabilities
  • $1,192Total equity capital
  • $1,192Total bank equity capital
  • $1,321Perpetual preferred stock
  • $42Common stock
  • $4,162Surplus
  • $-4,333Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,025Income earned, not collected on loans
  • $0Earning assets
  • $45Long-term assets (5+ years)
  • $30,709Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $55,939Volatile liabilities
  • $53,513Insider loans
  • $27,489FHLB advances
  • $52,079Loans and leases held for sale
  • $93Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,184Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,867Restructured Loans and leases
  • $69Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,982Total interest income
  • $723Total interest expense
  • $1,259Net interest income
  • $719Provision for loan and lease losses
  • $534Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $534Additional noninterest income
  • $2,802Total noninterest expense
  • $970Salaries and employee benefits
  • $742Premises and equipment expense
  • $1,090Additional noninterest expense
  • -$1,728Pre-tax net operating income
  • $0Securities gains (losses)
  • $938Applicable income taxes
  • -$2,666Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,666Net income attributable to bank
  • $0Net charge-offs
  • -$2,666Cash dividends
  • $1,096Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.49%Yield on earning assets
  • 2.00%Cost of funding earning assets
  • 3.49%Net interest margin
  • 1.48%Noninterest income to earning assets
  • 7.76%Noninterest expense to earning assets
  • -4.77%Net operating income to assets
  • -4.77%Return on assets (ROA)
  • -3.09%Pretax return on assets
  • -86.51%Return on equity (ROE)
  • -86.51%Retained earnings to average equity (YTD only)
  • 3.32%Net charge-offs to loans
  • 65.60%Credit loss provision to net charge-offs
  • -0.92%Efficiency ratio
  • 156,274Assets per employee
  • 4.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 6.83%Noncurrent assets plus other real estate owned to assets
  • 8.39%Noncurrent loans to loans
  • 14.31%Net loans and leases to deposits
  • 54.96%Net loans and leases to core deposits
  • 58.34%Equity capital to assets
  • 2.29%Core capital (leverage) ratio
  • 2.27%Tier 1 risk-based capital ratio
  • 4.31%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $55,939Average earning assets
  • $3,082Average equity
  • $36,097Average loans

List of branches

  • 1 New Jersey Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    081322Fort Lee Federal Savings Bank, Fsb817 Abbott Blvd, Fort Lee, NJ 7024December 15, 2000Full Service Brick and Mortar

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