FDIC 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
Location
Address: 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 Summary
Total 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
43Total employees (full-time equivalent)
$347,570Total assets
$6,334Cash and due from depository institutions
$613Interest-bearing balances
$149,013Securities
$27,000Federal funds sold & reverse repurchase agreements
$149,062Net loans & leases
$1,329Loan loss allowance
$0Trading account assets
$2,683Bank premises and fixed assets
$297Other real estate owned
$2,496Goodwill and other intangibles
$0Life insurance assets
$10,685All other assets
$347,569Total liabilities and capital
$316,295Total liabilities
$244,102Total deposits
$236,954Interest-bearing deposits
$244,102Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$70,550Other borrowed funds
$0Subordinated debt
$1,643All other liabilities
$31,274Total equity capital
$31,274Total bank equity capital
$31,274Perpetual preferred stock
$0Common stock
$1Surplus
$14,883Undivided profits
Memoranda
$16,390Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,059Earning assets
$0Long-term assets (5+ years)
$586Average Assets, year-to-date
$325,688Average Assets, quarterly
$0Volatile liabilities
$343,567Insider loans
$342,657FHLB advances
$94,632Loans and leases held for sale
$613Unused loan commitments
$68,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,746Total unused commitments
$0Restructured Loans and leases
$146,611Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$22,260Total interest income
$15,007Total interest expense
$7,253Net interest income
$180Provision for loan and lease losses
$756Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$756Additional noninterest income
$5,490Total noninterest expense
$3,282Salaries and employee benefits
$915Premises and equipment expense
$1,293Additional noninterest expense
$2,339Pre-tax net operating income
$47Securities gains (losses)
$793Applicable income taxes
$1,593Income before extraordinary items
$0Extraordinary gains - net
$1,593Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.87%Yield on earning assets
4.63%Cost of funding earning assets
2.24%Net interest margin
0.23%Noninterest income to earning assets
1.69%Noninterest expense to earning assets
0.45%Net operating income to assets
0.46%Return on assets (ROA)
0.69%Pretax return on assets
5.25%Return on equity (ROE)
5.25%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
64,040Assets per employee
8.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.88%Loss allowance to noncurrent loans
125.50%Noncurrent assets plus other real estate owned to assets
0.39%Noncurrent loans to loans
0.70%Net loans and leases to deposits
61.07%Net loans and leases to core deposits
67.75%Equity capital to assets
9.00%Core capital (leverage) ratio
8.33%Tier 1 risk-based capital ratio
19.60%Total risk-based capital ratio
Memoranda
$20Average assets
$343,567Average earning assets
$30,369Average equity
$324,090Average loans
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