Millington Savings Bank in Millington, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

Millington Savings Bank - Overview

  • General
  • FDIC Certificate #: 30022
    Status: Active
    Federal Reserve ID: 793571
    Date Established: January 01, 1911
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 4566
    FDIC's unique #: 42856
    Numeric code: 42
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: December 23, 1957
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1902 Long Hill Road, Millington, NJ 7946
    County: Morris
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $350.7 mil
    Equity capital: $34.8 mil
    Deposits held in domestic offices: $292.0 mil
    Return on assets (ROA): 0.21% ($0.7 mil)
    Quarterly return on assets: 0.27% ($0.9 mil)
    Return on Equity (ROE): 2.13% ($0.7 mil)
    Quarterly return on equity: 2.78% ($1.0 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.36% ($1,262.5 mil)
    Quarterly Pretax return on assets: 0.49% ($1,718.4 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
  • 53Total employees (full-time equivalent)
  • $350,700Total assets
  • $18,518Cash and due from depository institutions
  • $13,848Interest-bearing balances
  • $64,276Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $245,130Net loans & leases
  • $2,663Loan loss allowance
  • $48Trading account assets
  • $9,596Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $350,700Life insurance assets
  • $13,132All other assets
  • $315,859Total liabilities and capital
  • $291,989Total liabilities
  • $271,355Total deposits
  • $291,989Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $21,410Trading liabilities
  • $0Other borrowed funds
  • $2,460Subordinated debt
  • $34,841All other liabilities
  • $34,841Total equity capital
  • $34,841Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $12,733Surplus
  • $21,908Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,731Income earned, not collected on loans
  • $0Earning assets
  • $1,487Long-term assets (5+ years)
  • $323,302Average Assets, year-to-date
  • $210,379Average Assets, quarterly
  • $351,052Volatile liabilities
  • $352,536Insider loans
  • $219,455FHLB advances
  • $350,352Loans and leases held for sale
  • $6,014Unused loan commitments
  • $6,014Tier 1 (core) risk-based capital
  • $34,286Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $24,166Restructured Loans and leases
  • $2,581Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,559Total interest income
  • $3,879Total interest expense
  • $10,680Net interest income
  • $1,849Provision for loan and lease losses
  • $654Total noninterest income
  • $0Fiduciary activities
  • $124Service charges on deposit accounts
  • -$16Trading account gains & fees
  • $546Additional noninterest income
  • $8,213Total noninterest expense
  • $3,885Salaries and employee benefits
  • $1,665Premises and equipment expense
  • $2,663Additional noninterest expense
  • $1,272Pre-tax net operating income
  • $0Securities gains (losses)
  • $541Applicable income taxes
  • $731Income before extraordinary items
  • $0Extraordinary gains - net
  • $731Net income attributable to bank
  • $0Net charge-offs
  • $731Cash dividends
  • $2,332Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.49%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 3.29%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 2.53%Noninterest expense to earning assets
  • 0.21%Net operating income to assets
  • 0.21%Return on assets (ROA)
  • 0.36%Pretax return on assets
  • 2.13%Return on equity (ROE)
  • 2.13%Retained earnings to average equity (YTD only)
  • 0.91%Net charge-offs to loans
  • 79.29%Credit loss provision to net charge-offs
  • 1.34%Efficiency ratio
  • 72,463Assets per employee
  • 6.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 16.93%Noncurrent assets plus other real estate owned to assets
  • 4.49%Noncurrent loans to loans
  • 6.35%Net loans and leases to deposits
  • 83.95%Net loans and leases to core deposits
  • 87.51%Equity capital to assets
  • 9.93%Core capital (leverage) ratio
  • 9.79%Tier 1 risk-based capital ratio
  • 15.62%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $351,052Average earning assets
  • $34,372Average equity
  • $324,187Average loans

List of branches

  • 5 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042856Millington Savings Bank1902 Long Hill Road, Millington, NJ 7946January 01, 1911Full Service Brick and Mortar
    1278301Riverwalk Branch675 Martinsville Road, Basking Ridge, NJ 7920Febuary 23, 1998Full Service Brick and Mortar
    2418640Dewey Meadow Branch415 King George Road, Basking Ridge, NJ 7920September 09, 2002Full Service Brick and Mortar
    3453935Martinsville Branch1924 Washington Valley Road, Martinsville, NJ 8836July 24, 2006Full Service Brick and Mortar
    4480437122 Morristown Road122 Morristown Road, Bernardsville, NJ 7924August 25, 2008Full Service Brick and Mortar

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