Harmonia Savings Bank in Elizabeth, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 16, 1993

  • Harmonia Savings Bank in Elizabeth, New Jersey (NJ)
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Harmonia Savings Bank - Overview

  • General
  • FDIC Certificate #: 16610
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Sovereign Bank, National Association (#29950)
    Federal Reserve ID: 834504
    Date Established: January 01, 1851
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 17 (Interstate: No)
    FDIC's unique #: 10752
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 01, 1947
    Last Structure Change Effective Date: January 16, 1993
    Last Structure Change Process Date: Febuary 18, 1993
    Last Data Update: March 05, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 1 Union Square, Elizabeth, NJ 7207
    County: Union
    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): Newark, NJ (#5640)
    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: Newark-Union, NJ-PA (#35084)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $786.3 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $203Total assets
  • $786,301Cash and due from depository institutions
  • $23,378Interest-bearing balances
  • $0Securities
  • $199,338Federal funds sold & reverse repurchase agreements
  • $199,758Net loans & leases
  • $339,647Loan loss allowance
  • $3,931Trading account assets
  • $0Bank premises and fixed assets
  • $8,156Other real estate owned
  • $2,692Goodwill and other intangibles
  • $8,069Life insurance assets
  • $5,263All other assets
  • $0Total liabilities and capital
  • $786,301Total liabilities
  • $724,660Total deposits
  • $719,446Interest-bearing deposits
  • $678,190Deposits held in domestic offices
  • 719446.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $5,214Total equity capital
  • $5,214Total bank equity capital
  • $61,641Perpetual preferred stock
  • $0Common stock
  • $22,039Surplus
  • $4,000Undivided profits
  • Memoranda
  • $35,602Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,916Income earned, not collected on loans
  • $1,514Earning assets
  • $738,743Long-term assets (5+ years)
  • $120,101Average Assets, year-to-date
  • $783,755Average Assets, quarterly
  • $787,748Volatile liabilities
  • $9,879Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $65,870Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $56,378Total risk weighted assets
  • $406,166Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $52,581Total interest expense
  • $27,587Net interest income
  • $24,994Provision for loan and lease losses
  • $3,934Total noninterest income
  • $1,992Fiduciary activities
  • $0Service charges on deposit accounts
  • $977Trading account gains & fees
  • $0Additional noninterest income
  • $1,015Total noninterest expense
  • $19,052Salaries and employee benefits
  • $9,762Premises and equipment expense
  • $2,630Additional noninterest expense
  • $6,660Pre-tax net operating income
  • $4,000Securities gains (losses)
  • -$865Applicable income taxes
  • $1,571Income before extraordinary items
  • $1,564Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,564Net charge-offs
  • $3,623Cash dividends
  • $13,644Sale, conversion, retirement of capital stock, net
  • $913Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.07%Cost of funding earning assets
  • 3.71%Net interest margin
  • 3.36%Noninterest income to earning assets
  • 0.27%Noninterest expense to earning assets
  • 2.56%Net operating income to assets
  • 0.27%Return on assets (ROA)
  • 0.20%Pretax return on assets
  • 0.40%Return on equity (ROE)
  • 2.23%Retained earnings to average equity (YTD only)
  • -17.20%Net charge-offs to loans
  • 0.85%Credit loss provision to net charge-offs
  • 108.58%Efficiency ratio
  • 70,277Assets per employee
  • 3.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 872.38%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 66.45%Noncurrent assets plus other real estate owned to assets
  • 1.09%Noncurrent loans to loans
  • 1.72%Net loans and leases to deposits
  • 47.21%Net loans and leases to core deposits
  • 47.87%Equity capital to assets
  • 7.84%Core capital (leverage) ratio
  • 7.20%Tier 1 risk-based capital ratio
  • 13.88%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $783,755Average earning assets
  • $70,225Average equity
  • $743,387Average loans

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