Lakeland Savings Bank in Succasunna, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 30, 1995

  • Lakeland Savings Bank in Succasunna, New Jersey (NJ)
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Lakeland Savings Bank - Overview

  • General
  • FDIC Certificate #: 30690
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Valley National Bank (#9396)
    Federal Reserve ID: 608871
    Date Established: January 01, 1925
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 16 (Interstate: No)
    OTS Docket #: 5754
    FDIC's unique #: 43524
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 17, 1954
    Last Structure Change Effective Date: June 30, 1995
    Last Structure Change Process Date: July 10, 1995
    Last Data Update: July 10, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 250 Route 10, Succasunna, NJ 7876
    County: Morris
    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)
  • Financial Summary
  • Total assets: $676.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $135Total assets
  • $673,288Cash and due from depository institutions
  • $14,287Interest-bearing balances
  • $0Securities
  • $250,682Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $393,185Loan loss allowance
  • $5,405Trading account assets
  • $0Bank premises and fixed assets
  • $5,765Other real estate owned
  • $990Goodwill and other intangibles
  • $6,706Life insurance assets
  • $1,673All other assets
  • $0Total liabilities and capital
  • $673,288Total liabilities
  • $622,554Total deposits
  • $532,886Interest-bearing deposits
  • $506,659Deposits held in domestic offices
  • 532886.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $2,375Trading liabilities
  • $0Other borrowed funds
  • $85,535Subordinated debt
  • $0All other liabilities
  • $1,758Total equity capital
  • $1,758Total bank equity capital
  • $50,734Perpetual preferred stock
  • $0Common stock
  • $2,870Surplus
  • $21,415Undivided profits
  • Memoranda
  • $26,449Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,102Income earned, not collected on loans
  • $3,766Earning assets
  • $643,867Long-term assets (5+ years)
  • $399,379Average Assets, year-to-date
  • $648,737Average Assets, quarterly
  • $667,412Volatile liabilities
  • $78,485Insider loans
  • $845FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $31,143Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $49,141Total risk weighted assets
  • $327,200Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $46,800Total interest expense
  • $21,460Net interest income
  • $25,340Provision for loan and lease losses
  • $2,358Total noninterest income
  • $1,456Fiduciary activities
  • $0Service charges on deposit accounts
  • $925Trading account gains & fees
  • $0Additional noninterest income
  • $531Total noninterest expense
  • $10,168Salaries and employee benefits
  • $3,847Premises and equipment expense
  • $1,250Additional noninterest expense
  • $5,071Pre-tax net operating income
  • $14,270Securities gains (losses)
  • -$81Applicable income taxes
  • $5,011Income before extraordinary items
  • $9,178Extraordinary gains - net
  • $0Net income attributable to bank
  • $9,178Net charge-offs
  • $2,427Cash dividends
  • $5,025Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.54%Cost of funding earning assets
  • 3.46%Net interest margin
  • 4.08%Noninterest income to earning assets
  • 0.23%Noninterest expense to earning assets
  • 1.64%Net operating income to assets
  • 1.42%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 2.19%Return on equity (ROE)
  • 18.88%Retained earnings to average equity (YTD only)
  • 8.54%Net charge-offs to loans
  • 0.65%Credit loss provision to net charge-offs
  • 97.16%Efficiency ratio
  • 36,102Assets per employee
  • 4.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.75%Loss allowance to loans
  • 1.36%Loss allowance to noncurrent loans
  • 105.94%Noncurrent assets plus other real estate owned to assets
  • 0.90%Noncurrent loans to loans
  • 1.28%Net loans and leases to deposits
  • 73.78%Net loans and leases to core deposits
  • 78.67%Equity capital to assets
  • 7.54%Core capital (leverage) ratio
  • 7.50%Tier 1 risk-based capital ratio
  • 15.02%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $648,737Average earning assets
  • $48,623Average equity
  • $620,760Average loans

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