Investors Bank in Short Hills, New Jersey (NJ), NY



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Investors Bank
GeneralFDIC Certificate #: 28892
Status: Active
Federal Reserve ID: 35570
Bank Holding Company (Regulatory Top Holder): Investors Bancorp, Mhc (RSSDID: 2477754, Location: Short Hills, NJ)
Date Established: January 01, 1926
WWW: http://www.myinvestorsbank.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 86 (Domestic: 81, Interstate: Yes)
OTS Docket #: 2573
FDIC's unique #: 41726
Numeric code: 41
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: Commercial Lending Specialization
Date of Deposit Insurance: October 19, 1942
Last Structure Change Effective Date: January 07, 2012
Last Structure Change Process Date: Febuary 27, 2012
Last Data Update: Febuary 27, 2012
Data Source Date: April 05, 2012
LocationAddress: 101 Jfk Parkway, Short Hills, NJ 7078
County: Essex
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 ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal assets: $10,674.9 mil
Equity capital: $882.6 mil
Deposits held in domestic offices: $7,419.7 mil
Return on assets (ROA): 0.78% ($83.3 mil)
Quarterly return on assets: 0.79% ($84.3 mil)
Return on Equity (ROE): 9.22% ($81.4 mil)
Quarterly return on equity: 9.58% ($84.6 mil)
Net income: $78.6 mil
Quarterly Net income: $21.0 mil
Pretax return on assets: 1.23% ($131,301.2 mil)
Quarterly Pretax return on assets: 1.27% ($135,571.1 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)
Total employees (full-time equivalent)959
Total assets$10,674,891
Cash and due from depository institutions$71,254
Interest-bearing balances$11,947
Securities$1,269,422
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$8,811,327
Loan loss allowance $117,242
Trading account assets$0
Bank premises and fixed assets$60,555
Other real estate owned$3,081
Goodwill and other intangibles$39,224
All other assets$420,028
Life insurance assets$10,674,891
Total liabilities and capital$9,792,337
Total liabilities$7,419,671
Total deposits$6,896,289
Interest-bearing deposits$7,419,671
Deposits held in domestic offices$94
% insured (estimated)250000.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,041,142
Other borrowed funds $0
Subordinated debt $81,524
All other liabilities $882,554
Total equity capital$882,554
Total bank equity capital$882,554
Perpetual preferred stock$0
Common stock$500
Surplus$350,598
Undivided profits $531,456
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $18,847
Income earned, not collected on loans $142,208
Earning assets $3,155
Long-term assets (5+ years) $39,826
Average Assets, year-to-date $10,092,696
Average Assets, quarterly $6,307,951
Volatile liabilities $10,146,241
Insider loans $10,585,951
FHLB advances $7,340,992
Loans and leases held for sale $10,416,270
Unused loan commitments $112,990
Tier 1 (core) risk-based capital $109,261
Tier 2 risk-based capital $855,538
Total risk weighted assets $0
Total unused commitments $3,729
Restructured Loans and leases $733,496
Derivatives$2,408
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $475,153
Total interest expense $145,687
Net interest income $329,466
Provision for loan and lease losses $75,500
Total noninterest income $25,701
Fiduciary activities $0
Service charges on deposit accounts $5,733
Trading account gains & fees $0
Additional noninterest income $19,968
Total noninterest expense $154,546
Salaries and employee benefits $85,842
Premises and equipment expense $25,494
Additional noninterest expense $43,210
Pre-tax net operating income $125,121
Securities gains (losses) -$349
Applicable income taxes $46,132
Income before extraordinary items $78,640
Extraordinary gains - net $0
Net income attributable to bank $78,640
Net charge-offs $0
Cash dividends $78,640
Sale, conversion, retirement of capital stock, net $49,189
Net operating income $30,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.94%
Cost of funding earning assets 1.52%
Net interest margin 3.43%
Noninterest income to earning assets 0.27%
Noninterest expense to earning assets 1.61%
Net operating income to assets 0.78%
Return on assets (ROA) 0.78%
Pretax return on assets 1.23%
Return on equity (ROE) 9.22%
Retained earnings to average equity (YTD only) 5.70%
Net charge-offs to loans 0.58%
Credit loss provision to net charge-offs 153.49%
Efficiency ratio4.08%
Assets per employee$43,090
Cash dividends to net income (YTD only)11.13%
Condition Ratios (%)
Loss allowance to loans 38.15%
Loss allowance to noncurrent loans 1.31%
Noncurrent assets plus other real estate owned to assets 82.44%
Noncurrent loans to loans 1.36%
Net loans and leases to deposits1.59%
Net loans and leases to core deposits 118.76%
Equity capital to assets 122.94%
Core capital (leverage) ratio 8.27%
Tier 1 risk-based capital ratio 8.21%
Total risk-based capital ratio 11.65%
Memoranda
Average assets$13
Average earning assets$10,146,241
Average equity $853,169
Average loans $9,611,355
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78 New Jersey Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
041726Investors Bank101 Jfk Parkway, Short Hills, NJ 7078January 01, 1926Full Service Brick and Mortar
127143127 Prospect Street Branch27 Prospect Street, East Orange, NJ 7017January 01, 1926Full Service Brick and Mortar
32714331128 Liberty Avenue Branch1128 Liberty Avenue, Hillside, NJ 7205January 01, 1926Full Service Brick and Mortar
4271434977 Stuyvesant Avenue Branch977 Stuyvesant Avenue, Union, NJ 7083January 01, 1926Full Service Brick and Mortar
5271435Watchung Avenue Branch120-130 Watchung Avenue, Plainfield, NJ 7061January 01, 1926Full Service Brick and Mortar
7271437Highway 71 At Warren Avenue Branch910 Ushwy 71, Spring Lake, NJ 7762January 01, 1926Full Service Brick and Mortar
8271438Highway 36 And Valley Drive BranchHighway 36 And Valley Drive, Navesink, NJ 7752January 01, 1926Full Service Brick and Mortar
9271439Highway 9 And Adelphia Road BranchHighway 9 And Adelphia Road, Freehold, NJ 7728January 01, 1926Full Service Brick and Mortar
100419821331 Springfield Avenue Branch1331 Springfield Avenue, Irvington, NJ 7111January 01, 1925Full Service Brick and Mortar
1012714401065 Stuyvesant Avenue Branch1065 Stuyvesant Avenue, Irvington, NJ 7111January 01, 1926Full Service Brick and Mortar
102271441173 Mountain Avenue Branch173 Mountain Avenue, Springfield, NJ 7081January 01, 1926Full Service Brick and Mortar
10343938East Jersey Branch88 Norwood Avenue, Deal, NJ 7723January 01, 1869Full Service Brick and Mortar
104283509Highway 34 Branch360 Sthwy 34 South, Colts Neck, NJ 7722January 01, 1869Full Service Brick and Mortar
105283510169 Broadway Branch169 Broadway, Long Branch, NJ 7740January 01, 1869Full Service Brick and Mortar
107278529Springfield Branch193 Morris Avenue, Springfield, NJ 7081September 28, 1939Full Service Brick and Mortar
108278534Union Branch2441-A Route 22 West, Union, NJ 7083September 28, 1939Full Service Brick and Mortar
109278567Westfield Avenue Branch56 Westfield Avenue, Clark, NJ 7066September 28, 1939Full Service Brick and Mortar
110278520Livingston Plaza Branch493 South Livingston Avenue, Livingston, NJ 7039September 28, 1939Full Service Brick and Mortar
111278532Susan B. Anthony Branch371 East Northfield Road, Livingston, NJ 7039September 28, 1939Full Service Brick and Mortar
112271442Clark Branch77 Central Avenue, Clark, NJ 7066March 20, 1995Full Service Brick and Mortar
113271443Toms River Branch874 Fischer Boulevard, Bay Plaza Shopping Center, Toms River, NJ 8753September 20, 1995Full Service Brick and Mortar
114271444Chatham Branch169 Main Street, Chatham, NJ 7928January 16, 1996Full Service Brick and Mortar
115271445Madison Branch16 Waverly Place, Madison, NJ 7940November 18, 1996Full Service Brick and Mortar
116271446Succasunna Branch275-33 Route 10 East, Succasunna, NJ 7876March 23, 1998Full Service Brick and Mortar
117271447Edison Branch1655 Oak Tree Road, Edison, NJ 8820March 23, 1998Full Service Brick and Mortar
118271448Scotch Plains437 Park Avenue, Scotch Plains, NJ 7076September 01, 1997Full Service Brick and Mortar
119271449Whiting Branch77 Lacey Road, Whiting, NJ 8759November 02, 1998Full Service Brick and Mortar
120271450Toms River - West Branch864 Route 37 West, Toms River, NJ 8755December 28, 1998Full Service Brick and Mortar
121271451New Providence Branch1260 Springfield Avenue, New Providence, NJ 7974November 16, 1998Full Service Brick and Mortar
122357458Piscataway Branch597 Stelton Road, Piscataway, NJ 8854August 24, 1999Full Service Brick and Mortar
123357459Stirling Branch1153 Valley Road, Stirling, NJ 7980Febuary 07, 2000Full Service Brick and Mortar
124359639Whitehouse Branch3563 Route 22 East, Whitehouse, NJ 8888Febuary 10, 2001Full Service Brick and Mortar
125359640Lakewood Branch425 Route 70, Lakewood, NJ 8701Febuary 10, 2001Full Service Brick and Mortar
126360966Somerset Branch225 Demott Lane, Somerset, NJ 8873June 11, 2001Full Service Brick and Mortar
127362575300 South Avenue Branch300 South Avenue, Garwood, NJ 7027November 26, 2001Full Service Brick and Mortar
128362576Wall Branch2426 Route 34 North, Manasquan, NJ 8736November 26, 2001Full Service Brick and Mortar
129363640Middletown Branch1421 Route 35 North & Harmony Road, Middletown, NJ 7748May 13, 2002Full Service Brick and Mortar
130364455Denville Station Branch276 Route 53, Suite 3, Denville, NJ 7834June 10, 2002Full Service Brick and Mortar
131364456Marlboro Branch450 Union Hill Road, Morganville, NJ 7751August 27, 2001Full Service Brick and Mortar
133366228Brick Branch273 Brick Boulevard, Brick, NJ 8723January 21, 2003Full Service Brick and Mortar
134419470Pluckemin Branch315 Us Highway 202/206, Pluckemin, NJ 7978August 19, 2002Full Service Brick and Mortar
135419471Old Bridge Branch345a Matawan Road, Matawan, NJ 7747May 27, 2003Full Service Brick and Mortar
136422999736 Speedwell Avenue Branch736 Speedwell Avenue, Morris Plains, NJ 7950October 03, 2003Full Service Brick and Mortar
137428791Millburn Branch249 Millburn Avenue, Millburn, NJ 7041June 01, 2004Full Service Brick and Mortar
138439963130 North Country Road130 North Country Road, Jackson, NJ 8527March 14, 2005Full Service Brick and Mortar
141468958Perth Amboy Branch598-608 State Street, Perth Amboy, NJ 8861October 22, 2007Full Service Brick and Mortar
142474330Red Bank Branch20 White Street, Red Bank, NJ 7701May 10, 2008Full Service Brick and Mortar
14342730Summit Federal Savings Bank Branch393 Springfield Avenue, Summit, NJ 7901January 01, 1891Full Service Brick and Mortar
144277713441 Springfield Avenue Branch441 Springfield Avenue, Berkeley Heights, NJ 7922January 01, 1891Full Service Brick and Mortar
145277714Rd#1 St Hwy 57 BranchRd#1 State Highway #57, Washington, NJ 7882January 01, 1891Full Service Brick and Mortar
14640817205 N Washington Ave Branch205 N Washington Ave, Dunellen, NJ 8812January 01, 1909Full Service Brick and Mortar
14727771555 Old Hwy 22 Branch55 Old Highway 22, Clinton, NJ 8809January 01, 1891Full Service Brick and Mortar
148489501Morristown Branch45 Washington Street, Morristown, NJ 7960March 09, 2009Full Service Brick and Mortar
14943451Bloomfield Branch365 Broad Street, Bloomfield, NJ 7003January 01, 1919Full Service Brick and Mortar
150450687Pompton Avenue Branch310 Pompton Avenue, Cedar Grove, NJ 7009June 30, 2001Full Service Brick and Mortar
151492435Clifton Branch500 Clifton Avenue, Clifton, NJ 7011July 25, 2007Full Service Brick and Mortar
152493780Three Bridges Bank698 Route 202 North, Flemington, NJ 8822July 23, 2009Full Service Brick and Mortar
153494799Nutley Branch213 Harrison Street, Nutley, NJ 7110June 01, 2009Full Service Brick and Mortar
154494800Verona Branch725 Bloomfield Avenue, Verona, NJ 7044June 01, 2009Full Service Brick and Mortar
155499539Clifton Avenue Branch101 Clifton Avenue, Lakewood, NJ 8701November 15, 2009Full Service Brick and Mortar
156499540Amboy Road Branch946 Amboy Avenue, Edison, NJ 8837September 08, 2009Full Service Brick and Mortar
157510961Cateret Branch20 Cooke Avenue, Carteret, NJ 7008June 15, 2010Full Service Brick and Mortar
159278509Newark-Sanford Heights Branch829 Sanford Ave, Newark, NJ 7106September 28, 1939Full Service Brick and Mortar
161290862Clifton-Botany Village Branch10 Botany Village Square, Clifton, NJ 7011January 07, 1999Full Service Brick and Mortar
162419828Newark-Ferry Street Branch148 Ferry Street, Newark, NJ 7105May 16, 2003Full Service Brick and Mortar
163430290Clifton - Main Avenue Branch1610 Main Avenue, Clifton, NJ 7011Febuary 26, 2004Full Service Brick and Mortar
164513853South Plainfield Branch2449 South Plainfield Avenue, South Plainfield, NJ 7080September 16, 2010Full Service Brick and Mortar
165359451Kearny Supermarket Branch180 Schuyler Avenue, Kearny, NJ 7032Febuary 07, 2001Full Service Retail
166361921Chestnut Street Branch275 Chestnut Street, Newark, NJ 7105October 10, 2000Full Service Brick and Mortar
168361923Ferry Street Branch184 Ferry Street, Newark, NJ 7105June 09, 2001Full Service Brick and Mortar
170419222Ridge Road Branch623 Ridge Road, Lyndhurst, NJ 7071April 28, 2003Full Service Brick and Mortar
171426739Riverside Branch1101 South Fairview Street, Riverside, NJ 8075Febuary 04, 2004Full Service Brick and Mortar
177444575Stuyvesant Avenue Union Nj Branch1243 Stuyvesant Avenue, Union, NJ 7083July 30, 2005Full Service Brick and Mortar
181514549255 Lafayette Street Branch255 Lafayette Street, Newark, NJ 7105October 15, 2010Full Service Brick and Mortar
182519361Freehold Branch21 West Main Street, Freehold, NJ 7728April 19, 2011Full Service Brick and Mortar
183519362South Orange Branch75 South Orange Avenue, South Orange, NJ 7079March 30, 2011Full Service Brick and Mortar
184526144Elizabeth Branch51 South Broad Street, Elizabeth, NJ 7202September 12, 2011Full Service Brick and Mortar
185526236Montclair Branch536 Bloomfield Avenue, Montclair, NJ 7042September 19, 2011Full Service Brick and Mortar
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8 New York Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
174428760Jericho Turnpike Branch190 East Jericho Turnpike, Mineola, NY 11501April 15, 2004Full Service Brick and Mortar
179454266Astoria Branch35-02 Broadway, Astoria, NY 11106November 21, 2005Full Service Brick and Mortar
18045625231st Street, Astoria, Queens, Ny Branch23-02 31st Street, Astoria, NY 11105September 29, 2006Full Service Brick and Mortar
18642106Brooklyn Federal Savings Bank Branch81 Court Street, Brooklyn, NY 11201January 01, 1887Full Service Brick and Mortar
1872741613780 Nostrand Avenue Branch3780 Nostrand Avenue, New York City, NY 11235January 01, 1887Full Service Brick and Mortar
1882741621164 Wantagh Avenue Branch1164 Wantagh Avenue, Wantagh, NY 11793January 01, 1887Full Service Brick and Mortar
189491978Commack Branch1174 Jericho Turnpike, Commack, NY 11725April 30, 2008Full Service Brick and Mortar
190495194Veterans Memorial Highway Branch1752 Veterans Memorial Highway, Islandia, NY 11749November 29, 1999Full Service Brick and Mortar
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