Hamilton Savings Bank in Union City, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 23, 2002

  • Hamilton Savings Bank in Union City, New Jersey (NJ)
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Hamilton Savings Bank - Overview

  • General
  • FDIC Certificate #: 30145
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Oritani Bank (#28866)
    Federal Reserve ID: 747873
    Date Established: April 23, 1941
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4837
    FDIC's unique #: 42979
    Numeric code: 34
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: April 23, 1941
    Last Structure Change Effective Date: August 23, 2002
    Last Structure Change Process Date: September 30, 2002
    Last Data Update: September 30, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 4200 Bergenline Ave, Union City, NJ 7087
    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: $127.9 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, 2001)

  • Dollar figures in thousands
  • 36Total employees (full-time equivalent)
  • $124,868Total assets
  • $3,587Cash and due from depository institutions
  • $2,622Interest-bearing balances
  • $44,329Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $73,254Net loans & leases
  • $511Loan loss allowance
  • $0Trading account assets
  • $1,839Bank premises and fixed assets
  • $0Other real estate owned
  • $25Goodwill and other intangibles
  • $0Life insurance assets
  • $1,834All other assets
  • $124,868Total liabilities and capital
  • $116,874Total liabilities
  • $106,517Total deposits
  • $99,098Interest-bearing deposits
  • $106,517Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,000Other borrowed funds
  • $0Subordinated debt
  • $357All other liabilities
  • $7,994Total equity capital
  • $7,994Total bank equity capital
  • $7,994Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $0Undivided profits
  • Memoranda
  • $7,993Noncurrent loans and leases
  • $6,366Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $253Earning assets
  • $0Long-term assets (5+ years)
  • $436Average Assets, year-to-date
  • $120,205Average Assets, quarterly
  • $0Volatile liabilities
  • $121,478Insider loans
  • $124,910FHLB advances
  • $27,633Loans and leases held for sale
  • $507Unused loan commitments
  • $10,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,366Total unused commitments
  • $0Restructured Loans and leases
  • $511Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $7,902Total interest income
  • $4,395Total interest expense
  • $3,507Net interest income
  • $90Provision for loan and lease losses
  • $589Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $589Additional noninterest income
  • $3,519Total noninterest expense
  • $1,759Salaries and employee benefits
  • $724Premises and equipment expense
  • $1,036Additional noninterest expense
  • $487Pre-tax net operating income
  • $0Securities gains (losses)
  • $167Applicable income taxes
  • $320Income before extraordinary items
  • $0Extraordinary gains - net
  • $320Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$26Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.78%Yield on earning assets
  • 3.77%Cost of funding earning assets
  • 3.01%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 3.02%Noninterest expense to earning assets
  • 0.26%Net operating income to assets
  • 0.26%Return on assets (ROA)
  • 0.40%Pretax return on assets
  • 4.08%Return on equity (ROE)
  • 4.08%Retained earnings to average equity (YTD only)
  • -0.04%Net charge-offs to loans
  • -346.15%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 85,425Assets per employee
  • 3.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.69%Loss allowance to noncurrent loans
  • 201.98%Noncurrent assets plus other real estate owned to assets
  • 0.20%Noncurrent loans to loans
  • 0.34%Net loans and leases to deposits
  • 68.77%Net loans and leases to core deposits
  • 82.42%Equity capital to assets
  • 6.40%Core capital (leverage) ratio
  • 6.43%Tier 1 risk-based capital ratio
  • 12.37%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $121,478Average earning assets
  • $7,849Average equity
  • $116,499Average loans

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