Landis Savings Bank S.L.A. in Vineland, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 14, 1994

  • Landis Savings Bank S.L.A. in Vineland, New Jersey (NJ)
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Landis Savings Bank S.L.A. - Overview

  • General
  • FDIC Certificate #: 30029
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Covenant Bank (#27339)
    Federal Reserve ID: 832779
    Date Established: January 01, 1924
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4593
    FDIC's unique #: 42863
    Numeric code: 35
    Regulator: OTS
    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 12, 1959
    Last Structure Change Effective Date: September 14, 1994
    Last Structure Change Process Date: November 18, 1994
    Last Data Update: November 18, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 552 Landis Ave, Vineland, NJ 8360
    County: Cumberland
    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): Vineland-Millville-Bridgeton, NJ (#8760)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Vineland-Millville-Bridgeton, NJ (#47220)
    CBSA Metro Statistical Area: Vineland-Millville-Bridgeton, NJ (#47220)
  • Financial Summary
  • Total assets: $55.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $18Total assets
  • $59,595Cash and due from depository institutions
  • $714Interest-bearing balances
  • $27Securities
  • $12,107Federal funds sold & reverse repurchase agreements
  • $8,100Net loans & leases
  • $36,288Loan loss allowance
  • $1,124Trading account assets
  • $0Bank premises and fixed assets
  • $422Other real estate owned
  • $516Goodwill and other intangibles
  • $1,448Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $59,595Total liabilities
  • $55,334Total deposits
  • $54,968Interest-bearing deposits
  • $54,045Deposits held in domestic offices
  • 54968.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $366Total equity capital
  • $366Total bank equity capital
  • $4,261Perpetual preferred stock
  • $0Common stock
  • $291Surplus
  • $1,815Undivided profits
  • Memoranda
  • $2,155Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,431Income earned, not collected on loans
  • $318Earning assets
  • $56,522Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $63,533Average Assets, quarterly
  • $60,860Volatile liabilities
  • $5,079Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,831Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,261Total risk weighted assets
  • $26,387Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,704Total interest expense
  • $2,527Net interest income
  • $2,177Provision for loan and lease losses
  • $356Total noninterest income
  • $148Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $148Total noninterest expense
  • $1,443Salaries and employee benefits
  • $593Premises and equipment expense
  • $261Additional noninterest expense
  • $589Pre-tax net operating income
  • $526Securities gains (losses)
  • $121Applicable income taxes
  • $235Income before extraordinary items
  • $412Extraordinary gains - net
  • $0Net income attributable to bank
  • $412Net charge-offs
  • $179Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.94%Cost of funding earning assets
  • 4.26%Net interest margin
  • 3.67%Noninterest income to earning assets
  • 0.25%Noninterest expense to earning assets
  • 2.43%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.65%Pretax return on assets
  • 1.02%Return on equity (ROE)
  • 10.65%Retained earnings to average equity (YTD only)
  • 10.65%Net charge-offs to loans
  • 0.39%Credit loss provision to net charge-offs
  • 198.88%Efficiency ratio
  • 62,065Assets per employee
  • 3.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.00%Loss allowance to noncurrent loans
  • 78.55%Noncurrent assets plus other real estate owned to assets
  • 3.27%Noncurrent loans to loans
  • 3.82%Net loans and leases to deposits
  • 66.02%Net loans and leases to core deposits
  • 72.74%Equity capital to assets
  • 7.15%Core capital (leverage) ratio
  • 7.15%Tier 1 risk-based capital ratio
  • 16.15%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $63,533Average earning assets
  • $3,869Average equity
  • $59,268Average loans

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