Kearny Federal Savings Bank in Kearny, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Kearny Federal Savings Bank in Kearny, New Jersey (NJ)
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Kearny Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 28765
    Status: Active
    Federal Reserve ID: 633378
    Date Established: January 01, 1884
    WWW: http://www.kearnyfederalsavings.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 41 (Domestic: 41, Interstate: No)
    OTS Docket #: 2319
    FDIC's unique #: 41599
    Numeric code: 33
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 16, 1940
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 614 Kearny Avenue, Kearny, NJ 7032
    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)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $2,851.0 mil
    Equity capital: $465.7 mil
    Deposits held in domestic offices: $2,123.4 mil
    Return on assets (ROA): 0.32% ($9.1 mil)
    Quarterly return on assets: 0.07% ($2.0 mil)
    Return on Equity (ROE): 1.98% ($9.2 mil)
    Quarterly return on equity: 0.43% ($2.0 mil)
    Net income: $9.1 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.47% ($13,399.8 mil)
    Quarterly Pretax return on assets: 0.10% ($2,851.0 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
  • 418Total employees (full-time equivalent)
  • $2,851,017Total assets
  • $136,434Cash and due from depository institutions
  • $85,052Interest-bearing balances
  • $1,283,514Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,219,751Net loans & leases
  • $8,596Loan loss allowance
  • $0Trading account assets
  • $39,540Bank premises and fixed assets
  • $6,804Other real estate owned
  • $109,317Goodwill and other intangibles
  • $2,851,017Life insurance assets
  • $55,657All other assets
  • $2,385,320Total liabilities and capital
  • $2,123,415Total liabilities
  • $1,984,232Total deposits
  • $2,123,415Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 210000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $37,065Trading liabilities
  • $0Other borrowed funds
  • $14,840Subordinated debt
  • $465,697All other liabilities
  • $465,697Total equity capital
  • $465,697Total bank equity capital
  • $0Perpetual preferred stock
  • $2,182Common stock
  • $166,259Surplus
  • $297,256Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $39,116Income earned, not collected on loans
  • $276Earning assets
  • $8,755Long-term assets (5+ years)
  • $2,588,317Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $2,873,662Volatile liabilities
  • $2,872,299Insider loans
  • $1,307,295FHLB advances
  • $2,708,962Loans and leases held for sale
  • $24,845Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $336,992Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $137,720Restructured Loans and leases
  • $1,250Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $103,411Total interest income
  • $31,058Total interest expense
  • $72,353Net interest income
  • $4,890Provision for loan and lease losses
  • $2,854Total noninterest income
  • $0Fiduciary activities
  • $1,338Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,516Additional noninterest income
  • $57,545Total noninterest expense
  • $34,590Salaries and employee benefits
  • $14,226Premises and equipment expense
  • $8,729Additional noninterest expense
  • $12,772Pre-tax net operating income
  • $744Securities gains (losses)
  • $4,460Applicable income taxes
  • $9,056Income before extraordinary items
  • $0Extraordinary gains - net
  • $9,056Net income attributable to bank
  • $0Net charge-offs
  • $9,056Cash dividends
  • $763Sale, conversion, retirement of capital stock, net
  • $2,300Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.96%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 2.77%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 2.20%Noninterest expense to earning assets
  • 0.30%Net operating income to assets
  • 0.32%Return on assets (ROA)
  • 0.47%Pretax return on assets
  • 1.98%Return on equity (ROE)
  • 1.48%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 640.89%Credit loss provision to net charge-offs
  • 23.15%Efficiency ratio
  • 76,280Assets per employee
  • 6.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 25.40%Loss allowance to loans
  • 0.70%Loss allowance to noncurrent loans
  • 21.98%Noncurrent assets plus other real estate owned to assets
  • 1.60%Noncurrent loans to loans
  • 3.18%Net loans and leases to deposits
  • 57.44%Net loans and leases to core deposits
  • 60.05%Equity capital to assets
  • 16.33%Core capital (leverage) ratio
  • 12.44%Tier 1 risk-based capital ratio
  • 25.78%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $2,873,662Average earning assets
  • $457,373Average equity
  • $2,613,025Average loans

List of branches

  • 41 New Jersey Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    041599Kearny Federal Savings Bank614 Kearny Avenue, Kearny, NJ 7032January 01, 1884Full Service Brick and Mortar
    1270422North Arlington Branch80 Ridge Road, North Arlington, NJ 7031January 01, 1884Full Service Brick and Mortar
    2270423Lyndhurst Branch307 Stuyvesant Avenue, Lyndhurst, NJ 7071January 01, 1884Full Service Brick and Mortar
    3270424Rutherford Branch252 Park Ave, Rutherford, NJ 7070January 01, 1884Full Service Brick and Mortar
    4270425Harrison Branch534 Harrison Avenue, Harrison, NJ 7029June 30, 1996Full Service Brick and Mortar
    543064Wood-Ridge Branch250 Valley Blvd, Wood-Ridge, NJ 7075January 01, 1927Full Service Brick and Mortar
    6279240East-Rutherford Branch20 Willow Street, East Rutherford, NJ 7073January 01, 1927Full Service Brick and Mortar
    7279241Haskell Wanaque Branch1353 Ringwood Avenue, Haskell, NJ 7420September 07, 1996Full Service Brick and Mortar
    8279242Montville Branch339 Main Road (Route 202), Montville, NJ 7045March 22, 1997Full Service Brick and Mortar
    1143067Springfield Branch130 Mountain Avenue, Springfield, NJ 7081November 01, 1943Full Service Brick and Mortar
    12279265Toms River Branch827 Fischer Blvd, Toms River, NJ 8753November 01, 1943Full Service Brick and Mortar
    14279267Spotswood Branch520 Main Street, Spotswood, NJ 8884November 01, 1943Full Service Brick and Mortar
    16279270Bayville Berkeley Plaza Branch425 Route 9, Bayville, NJ 8721April 24, 1999Full Service Brick and Mortar
    17279271Milltown Branch270 Ryders Lane, Milltown, NJ 8850November 08, 1999Full Service Brick and Mortar
    1842907Caldwell Branch417 Bloomfield Avenue, Caldwell, NJ 7006January 01, 1915Full Service Brick and Mortar
    19278482Pine Brook Branch267 Changebridge Road, Pine Brook, NJ 7058January 01, 1915Full Service Brick and Mortar
    21283044West Orange Tory Corner Branch216 Main Street, West Orange, NJ 7052September 01, 1957Full Service Brick and Mortar
    2243815West Orange Pleasantdale Branch487 Pleasant Valley Way, West Orange, NJ 7052September 01, 1957Full Service Brick and Mortar
    23278484Northvale Branch119 Paris Avenue, Northvale, NJ 7647October 17, 1997Full Service Brick and Mortar
    24278485Old Tappan Branch207 Old Tappan Road, Old Tappan, NJ 7675October 17, 1997Full Service Brick and Mortar
    25278486River Vale Branch653 Westwood Avenue, River Vale, NJ 7675October 17, 1997Full Service Brick and Mortar
    26491898Brick Branch2 Brick Boulevard, Brick, NJ 8723March 31, 2008Full Service Brick and Mortar
    27491899Lakewood Branch718b Buckingham Drive, Lakewood, NJ 8701May 31, 2008Full Service Brick and Mortar
    2860835Oakhurst Ocean Township Branch1903 Highway 35, Oakhurst, NJ 7755July 28, 1998Full Service Brick and Mortar
    29361783Spring Lake Heights Branch700 Allaire Road, Spring Lake, NJ 7762July 08, 1999Full Service Brick and Mortar
    30364444Little Silver Branch700 Branch Avenue, Little Silver, NJ 7739December 15, 2001Full Service Brick and Mortar
    31365723Ocean Grove Branch61 Main Avenue, Ocean Grove, NJ 7756October 12, 2002Full Service Brick and Mortar
    32438737Long Branch Ursula Plaza Branch444 Ocean Blvd, North, Long Branch, NJ 7740December 17, 2004Full Service Brick and Mortar
    3357151Sea Girt Branch2200 Route 35, Sea Girt, NJ 8750May 30, 1997Full Service Brick and Mortar
    34290603Manasquan Branch155 Main Street, Manasquan, NJ 8736April 08, 1998Full Service Brick and Mortar
    35359572Point Pleasant Branch2201 Bridge Avenue, Point Pleasant, NJ 8742January 17, 2001Full Service Brick and Mortar
    36359573Neptune City Branch300 West Sylvania Avenue, Neptune, NJ 7753November 04, 2000Full Service Brick and Mortar
    37361875Bradley Beach Branch501 Main Street, Bradley Beach, NJ 7720July 25, 2001Full Service Brick and Mortar
    38419647Belmar Branch611 Main Street, Belmar, NJ 7719November 01, 2002Full Service Brick and Mortar
    39431553Manasquan Wall Shoprite Branch2445 State Highway 34 N, Manasquan, NJ 8736July 15, 2004Full Service Retail
    40469290Main Office Messenger Service1903 Highway 35, Oakhurst, NJ 7755September 25, 2007Limited Service Messenger
    41492503Long Branch Branch627 Second Avenue, Long Branch, NJ 7740August 23, 2008Full Service Brick and Mortar
    42520223Lanoka Harbor Lacey Branch630 North Main Street, Lanoka Harbor, NJ 8734October 29, 2005Full Service Brick and Mortar
    43520226Pompton Plains Pequannock Branch917 Route 23, Pompton Plains, NJ 7444October 08, 2009Full Service Brick and Mortar
    44520241Wyckoff Branch661 Wyckoff Avenue, Wyckoff, NJ 7481May 04, 2002Full Service Brick and Mortar
    45520242Matawan Old Bridge Branch510 State Highway 34, Matawan, NJ 7747October 18, 2002Full Service Brick and Mortar

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