Liberty Bank in Avenel, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 2002

  • Liberty Bank in Avenel, New Jersey (NJ)
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Liberty Bank - Overview

  • General
  • FDIC Certificate #: 28522
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Northfield Bank (#28710)
    Federal Reserve ID: 311470
    Date Established: January 01, 1927
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1773
    FDIC's unique #: 41356
    Numeric code: 34
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 25, 1938
    Last Structure Change Effective Date: December 31, 2002
    Last Structure Change Process Date: January 16, 2003
    Last Data Update: January 16, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 1410 St Georges Avenue, Avenel, NJ 7001
    County: Middlesex
    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): Middlesex-Somerset-Hunterdon, NJ (#5015)
    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: Edison-New Brunswick, NJ (#20764)
  • Financial Summary
  • Total assets: $364.3 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, 2001)

  • Dollar figures in thousands
  • 69Total employees (full-time equivalent)
  • $322,414Total assets
  • $7,536Cash and due from depository institutions
  • $5,739Interest-bearing balances
  • $106,485Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $197,658Net loans & leases
  • $851Loan loss allowance
  • $0Trading account assets
  • $5,879Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,856All other assets
  • $322,414Total liabilities and capital
  • $293,326Total liabilities
  • $260,454Total deposits
  • $250,181Interest-bearing deposits
  • $260,454Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $31,528Other borrowed funds
  • $0Subordinated debt
  • $1,344All other liabilities
  • $29,088Total equity capital
  • $29,088Total bank equity capital
  • $29,088Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $8,808Undivided profits
  • Memoranda
  • $20,280Noncurrent loans and leases
  • $25,501Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $584Earning assets
  • $0Long-term assets (5+ years)
  • $978Average Assets, year-to-date
  • $309,882Average Assets, quarterly
  • $0Volatile liabilities
  • $317,425Insider loans
  • $329,920FHLB advances
  • $58,160Loans and leases held for sale
  • $0Unused loan commitments
  • $28,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $25,501Total unused commitments
  • $0Restructured Loans and leases
  • $851Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $20,740Total interest income
  • $12,891Total interest expense
  • $7,849Net interest income
  • $40Provision for loan and lease losses
  • $1,008Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,008Additional noninterest income
  • $7,248Total noninterest expense
  • $3,719Salaries and employee benefits
  • $1,943Premises and equipment expense
  • $1,586Additional noninterest expense
  • $1,569Pre-tax net operating income
  • $123Securities gains (losses)
  • $590Applicable income taxes
  • $1,102Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,102Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $75Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.81%Yield on earning assets
  • 4.23%Cost of funding earning assets
  • 2.58%Net interest margin
  • 0.33%Noninterest income to earning assets
  • 2.38%Noninterest expense to earning assets
  • 0.32%Net operating income to assets
  • 0.35%Return on assets (ROA)
  • 0.53%Pretax return on assets
  • 3.91%Return on equity (ROE)
  • 3.91%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 53.33%Credit loss provision to net charge-offs
  • 21.45%Efficiency ratio
  • 81,834Assets per employee
  • 4.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.43%Loss allowance to noncurrent loans
  • 145.72%Noncurrent assets plus other real estate owned to assets
  • 0.18%Noncurrent loans to loans
  • 0.29%Net loans and leases to deposits
  • 75.89%Net loans and leases to core deposits
  • 84.53%Equity capital to assets
  • 9.02%Core capital (leverage) ratio
  • 8.88%Tier 1 risk-based capital ratio
  • 19.26%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $317,425Average earning assets
  • $28,176Average equity
  • $304,620Average loans

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