Haven Savings Bank in Hoboken, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


Haven Savings Bank - Overview

  • General
  • FDIC Certificate #: 30039
    Status: Active
    Federal Reserve ID: 918477
    Bank Holding Company (Regulatory Top Holder): Haven Bancorp, Mhc (RSSDID: 3948439, Location: Hoboken, NJ)
    Date Established: January 01, 1938
    WWW: http://www.havenbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 4610
    FDIC's unique #: 42873
    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: January 14, 1939
    Last Structure Change Effective Date: October 20, 2006
    Last Structure Change Process Date: October 20, 2006
    Last Data Update: October 20, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 621 Washington Street, Hoboken, NJ 7030
    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: $702.7 mil
    Equity capital: $85.5 mil
    Deposits held in domestic offices: $537.1 mil
    Return on assets (ROA): 0.52% ($3.7 mil)
    Quarterly return on assets: 0.38% ($2.7 mil)
    Return on Equity (ROE): 4.35% ($3.7 mil)
    Quarterly return on equity: 3.10% ($2.6 mil)
    Net income: $3.6 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 0.82% ($5,762.5 mil)
    Quarterly Pretax return on assets: 0.57% ($4,005.6 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
  • 77Total employees (full-time equivalent)
  • $702,743Total assets
  • $44,640Cash and due from depository institutions
  • $43,094Interest-bearing balances
  • $157,656Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $465,038Net loans & leases
  • $2,689Loan loss allowance
  • $0Trading account assets
  • $5,547Bank premises and fixed assets
  • $658Other real estate owned
  • $0Goodwill and other intangibles
  • $702,743Life insurance assets
  • $29,204All other assets
  • $617,244Total liabilities and capital
  • $537,109Total liabilities
  • $524,906Total deposits
  • $537,109Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 23.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $73,000Trading liabilities
  • $0Other borrowed funds
  • $7,112Subordinated debt
  • $85,499All other liabilities
  • $85,499Total equity capital
  • $85,499Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $0Surplus
  • $84,999Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,514Income earned, not collected on loans
  • $0Earning assets
  • $2,153Long-term assets (5+ years)
  • $665,788Average Assets, year-to-date
  • $447,859Average Assets, quarterly
  • $697,165Volatile liabilities
  • $699,284Insider loans
  • $379,296FHLB advances
  • $698,004Loans and leases held for sale
  • $14,225Unused loan commitments
  • $6,982Tier 1 (core) risk-based capital
  • $85,953Tier 2 risk-based capital
  • $1,253Total risk weighted assets
  • $5,990Total unused commitments
  • $43,797Restructured Loans and leases
  • $869Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $28,366Total interest income
  • $8,204Total interest expense
  • $20,162Net interest income
  • $1,146Provision for loan and lease losses
  • $910Total noninterest income
  • $0Fiduciary activities
  • $169Service charges on deposit accounts
  • $0Trading account gains & fees
  • $741Additional noninterest income
  • $14,177Total noninterest expense
  • $8,836Salaries and employee benefits
  • $1,588Premises and equipment expense
  • $3,753Additional noninterest expense
  • $5,749Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,112Applicable income taxes
  • $3,637Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,637Net income attributable to bank
  • $0Net charge-offs
  • $3,637Cash dividends
  • $731Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.28%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 3.04%Net interest margin
  • 0.14%Noninterest income to earning assets
  • 2.14%Noninterest expense to earning assets
  • 0.52%Net operating income to assets
  • 0.52%Return on assets (ROA)
  • 0.82%Pretax return on assets
  • 4.35%Return on equity (ROE)
  • 4.35%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 156.77%Credit loss provision to net charge-offs
  • 9.43%Efficiency ratio
  • 67,279Assets per employee
  • 9.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.57%Loss allowance to noncurrent loans
  • 76.52%Noncurrent assets plus other real estate owned to assets
  • 0.59%Noncurrent loans to loans
  • 0.75%Net loans and leases to deposits
  • 86.58%Net loans and leases to core deposits
  • 90.11%Equity capital to assets
  • 12.17%Core capital (leverage) ratio
  • 12.31%Tier 1 risk-based capital ratio
  • 22.66%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $697,165Average earning assets
  • $83,660Average equity
  • $663,116Average loans

List of branches

  • 6 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042873Haven Savings Bank621 Washington Street, Hoboken, NJ 7030January 01, 1938Full Service Brick and Mortar
    1012784111234 Paterson Plank Road Branch1234 Paterson Plank Road, Secaucus, NJ 7094June 30, 1985Full Service Brick and Mortar
    102270478Westwood Branch301 Center Avenue, Westwood, NJ 7675January 01, 1927Full Service Brick and Mortar
    103278412Westfield Branch128 Elm Street, Westfield, NJ 7090May 31, 1997Full Service Brick and Mortar
    104419344Livingston Branch1 West Mount Pleasant Avenue, Livingston, NJ 7039January 29, 2003Full Service Brick and Mortar
    105451967Montclair Branch201 Bellevue Avenue, Montclair, NJ 7043May 17, 2006Full Service Brick and Mortar

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