Glen Rock Savings Bank in Glen Rock, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

Glen Rock Savings Bank - Overview

  • General
  • FDIC Certificate #: 28729
    Status: Active
    Federal Reserve ID: 147679
    Date Established: January 01, 1922
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 2246
    FDIC's unique #: 41563
    Numeric code: 42
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: May 18, 1937
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 183 Rock Road, Glen Rock, NJ 7452
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $138.4 mil
    Equity capital: $10.3 mil
    Deposits held in domestic offices: $119.4 mil
    Return on assets (ROA): 0.49% ($0.7 mil)
    Quarterly return on assets: 0.19% ($0.3 mil)
    Return on Equity (ROE): 7.16% ($0.7 mil)
    Quarterly return on equity: 2.64% ($0.3 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.01% ($1,398.1 mil)
    Quarterly Pretax return on assets: 0.84% ($1,162.8 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, 2011)

  • Dollar figures in thousands
  • 20Total employees (full-time equivalent)
  • $138,430Total assets
  • $4,631Cash and due from depository institutions
  • $2,078Interest-bearing balances
  • $26,895Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $102,896Net loans & leases
  • $1,018Loan loss allowance
  • $0Trading account assets
  • $2,149Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $138,430Life insurance assets
  • $1,859All other assets
  • $128,133Total liabilities and capital
  • $119,419Total liabilities
  • $115,450Total deposits
  • $119,419Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,584Trading liabilities
  • $0Other borrowed funds
  • $130Subordinated debt
  • $10,297All other liabilities
  • $10,297Total equity capital
  • $10,297Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $10,297Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,758Income earned, not collected on loans
  • $0Earning assets
  • $444Long-term assets (5+ years)
  • $131,869Average Assets, year-to-date
  • $110,551Average Assets, quarterly
  • $144,367Volatile liabilities
  • $140,449Insider loans
  • $76,167FHLB advances
  • $139,866Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,857Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,941Restructured Loans and leases
  • $1,035Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,348Total interest income
  • $1,597Total interest expense
  • $4,751Net interest income
  • $107Provision for loan and lease losses
  • $79Total noninterest income
  • $0Fiduciary activities
  • $18Service charges on deposit accounts
  • $0Trading account gains & fees
  • $61Additional noninterest income
  • $3,272Total noninterest expense
  • $1,592Salaries and employee benefits
  • $450Premises and equipment expense
  • $1,230Additional noninterest expense
  • $1,451Pre-tax net operating income
  • $0Securities gains (losses)
  • $749Applicable income taxes
  • $702Income before extraordinary items
  • $0Extraordinary gains - net
  • $702Net income attributable to bank
  • $0Net charge-offs
  • $702Cash dividends
  • $7Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.58%Yield on earning assets
  • 1.15%Cost of funding earning assets
  • 3.43%Net interest margin
  • 0.06%Noninterest income to earning assets
  • 2.36%Noninterest expense to earning assets
  • 0.49%Net operating income to assets
  • 0.49%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 7.16%Return on equity (ROE)
  • 7.16%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1528.57%Credit loss provision to net charge-offs
  • 222.57%Efficiency ratio
  • 67,743Assets per employee
  • 6.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 57.91%Noncurrent assets plus other real estate owned to assets
  • 1.27%Noncurrent loans to loans
  • 1.69%Net loans and leases to deposits
  • 86.16%Net loans and leases to core deposits
  • 89.05%Equity capital to assets
  • 7.44%Core capital (leverage) ratio
  • 7.76%Tier 1 risk-based capital ratio
  • 14.25%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $144,367Average earning assets
  • $9,805Average equity
  • $138,574Average loans

List of branches

  • 3 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041563Glen Rock Savings Bank183 Rock Road, Glen Rock, NJ 7452January 01, 1922Full Service Brick and Mortar
    1362971244-250 Lincoln Avenue Branch244-250 Lincoln Avenue, Hawthorne, NJ 7506January 22, 2002Full Service Brick and Mortar
    2365295Wyckoff Branch525 Cedar Hill Ave., Wyckoff, NJ 7481December 07, 1998Full Service Brick and Mortar

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