Lusitania Savings Bank, FSB in Newark, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Lusitania Savings Bank, FSB in Newark, New Jersey (NJ)
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Lusitania Savings Bank, FSB - Overview

  • General
  • FDIC Certificate #: 34058
    Status: Active
    Federal Reserve ID: 385686
    Date Established: September 01, 1995
    WWW: http://www.lusitaniabank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 12260
    FDIC's unique #: 56137
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: September 01, 1995
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 107 Pulaski Street, Newark, NJ 7105
    County: Essex
    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)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $258.9 mil
    Equity capital: $32.1 mil
    Deposits held in domestic offices: $225.0 mil
    Return on assets (ROA): 1.10% ($2.8 mil)
    Quarterly return on assets: 0.68% ($1.8 mil)
    Return on Equity (ROE): 9.06% ($2.9 mil)
    Quarterly return on equity: 5.49% ($1.8 mil)
    Net income: $2.8 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.84% ($4,764.4 mil)
    Quarterly Pretax return on assets: 1.08% ($2,796.5 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, 2011)

  • Dollar figures in thousands
  • 31Total employees (full-time equivalent)
  • $258,934Total assets
  • $45,009Cash and due from depository institutions
  • $41,161Interest-bearing balances
  • $43,860Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $159,891Net loans & leases
  • $3,108Loan loss allowance
  • $0Trading account assets
  • $3,678Bank premises and fixed assets
  • $154Other real estate owned
  • $0Goodwill and other intangibles
  • $258,934Life insurance assets
  • $6,342All other assets
  • $226,794Total liabilities and capital
  • $225,043Total liabilities
  • $210,867Total deposits
  • $225,043Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,751Subordinated debt
  • $32,140All other liabilities
  • $32,140Total equity capital
  • $32,140Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $0Surplus
  • $32,139Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,056Income earned, not collected on loans
  • $0Earning assets
  • $952Long-term assets (5+ years)
  • $244,912Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $254,180Volatile liabilities
  • $257,826Insider loans
  • $123,096FHLB advances
  • $258,858Loans and leases held for sale
  • $3,146Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $32,073Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,218Restructured Loans and leases
  • $347Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,564Total interest income
  • $1,610Total interest expense
  • $8,954Net interest income
  • $650Provision for loan and lease losses
  • $267Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $267Additional noninterest income
  • $3,899Total noninterest expense
  • $2,537Salaries and employee benefits
  • $675Premises and equipment expense
  • $687Additional noninterest expense
  • $4,672Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,877Applicable income taxes
  • $2,795Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,795Net income attributable to bank
  • $0Net charge-offs
  • $2,795Cash dividends
  • $62Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.39%Yield on earning assets
  • 0.67%Cost of funding earning assets
  • 3.72%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 1.62%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 1.84%Pretax return on assets
  • 9.06%Return on equity (ROE)
  • 9.06%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 1048.39%Credit loss provision to net charge-offs
  • 85.84%Efficiency ratio
  • 42,284Assets per employee
  • 8.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.91%Loss allowance to noncurrent loans
  • 101.70%Noncurrent assets plus other real estate owned to assets
  • 1.24%Noncurrent loans to loans
  • 1.87%Net loans and leases to deposits
  • 71.05%Net loans and leases to core deposits
  • 72.07%Equity capital to assets
  • 12.41%Core capital (leverage) ratio
  • 12.39%Tier 1 risk-based capital ratio
  • 26.06%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $254,180Average earning assets
  • $30,857Average equity
  • $240,656Average loans

List of branches

  • 4 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    056137Lusitania Savings Bank, Fsb107 Pulaski Street, Newark, NJ 7105September 01, 1995Full Service Brick and Mortar
    1447859Newark Branch210 Ferry Street, Newark, NJ 7105September 01, 1995Full Service Brick and Mortar
    2447860Harrison Branch302 Frank E. Rodgers Blvd, Harrison, NJ 7029July 25, 1998Full Service Brick and Mortar
    3495550Liberty Avenue Branch1135 Liberty Avenue, Hillside, NJ 7205November 22, 2005Full Service Brick and Mortar

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