Little Falls Bank in Little Falls, New Jersey (NJ)



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Little Falls Bank
GeneralFDIC Certificate #: 30513
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Hudson United Bank (#12256)
Federal Reserve ID: 182979
Date Established: January 01, 1887
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 13180
FDIC's unique #: 43347
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: May 06, 1952
Last Structure Change Effective Date: May 20, 1999
Last Structure Change Process Date: June 07, 1999
Last Data Update: June 07, 1999
Data Source Date: April 05, 2012
LocationAddress: 86 Main Street, Little Falls, NJ 7424
County: Passaic
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): Bergen-Passaic, NJ (#875)
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)
Financial SummaryTotal assets: $348.2 mil

1992 - 1999 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, 1998)
(Dollar figures in thousands)
Total employees (full-time equivalent)43
Total assets$347,570
Cash and due from depository institutions$6,334
Interest-bearing balances$613
Securities$149,013
Federal funds sold & reverse repurchase agreements$27,000
Net loans & leases$149,062
Loan loss allowance $1,329
Trading account assets$0
Bank premises and fixed assets$2,683
Other real estate owned$297
Goodwill and other intangibles$2,496
All other assets$10,685
Life insurance assets$0
Total liabilities and capital$347,569
Total liabilities$316,295
Total deposits$244,102
Interest-bearing deposits$236,954
Deposits held in domestic offices$244,102
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $70,550
Subordinated debt $0
All other liabilities $1,643
Total equity capital$31,274
Total bank equity capital$31,274
Perpetual preferred stock$31,274
Common stock$0
Surplus$1
Undivided profits $14,883
Memoranda
Noncurrent loans and leases $16,390
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $1,059
Long-term assets (5+ years) $0
Average Assets, year-to-date $586
Average Assets, quarterly $325,688
Volatile liabilities $0
Insider loans $343,567
FHLB advances $342,657
Loans and leases held for sale $94,632
Unused loan commitments $613
Tier 1 (core) risk-based capital $68,500
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $9,746
Restructured Loans and leases $0
Derivatives$146,611
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Income and Expense (December 31, 1998)
(Dollar figures in thousands)
Total interest income $22,260
Total interest expense $15,007
Net interest income $7,253
Provision for loan and lease losses $180
Total noninterest income $756
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $756
Total noninterest expense $5,490
Salaries and employee benefits $3,282
Premises and equipment expense $915
Additional noninterest expense $1,293
Pre-tax net operating income $2,339
Securities gains (losses) $47
Applicable income taxes $793
Income before extraordinary items $1,593
Extraordinary gains - net $0
Net income attributable to bank $1,593
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 1998)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.87%
Cost of funding earning assets 4.63%
Net interest margin 2.24%
Noninterest income to earning assets 0.23%
Noninterest expense to earning assets 1.69%
Net operating income to assets 0.45%
Return on assets (ROA) 0.46%
Pretax return on assets 0.69%
Return on equity (ROE) 5.25%
Retained earnings to average equity (YTD only) 5.25%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$64,040
Cash dividends to net income (YTD only)8.08%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.88%
Noncurrent assets plus other real estate owned to assets 125.50%
Noncurrent loans to loans 0.39%
Net loans and leases to deposits0.70%
Net loans and leases to core deposits 61.07%
Equity capital to assets 67.75%
Core capital (leverage) ratio 9.00%
Tier 1 risk-based capital ratio 8.33%
Total risk-based capital ratio 19.60%
Memoranda
Average assets$20
Average earning assets$343,567
Average equity $30,369
Average loans $324,090
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