Millville Savings and Loan Association in Millville, New Jersey (NJ)



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Millville Savings and Loan Association
GeneralFDIC Certificate #: 30183
Status: Active
Federal Reserve ID: 814476
Date Established: December 01, 1941
WWW: http://www.millvillesavings.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 4903
FDIC's unique #: 43017
Numeric code: 36
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: March 17, 1942
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
LocationAddress: One Savings Place, Millville, NJ 8332
County: Cumberland
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): Vineland-Millville-Bridgeton, NJ (#8760)
Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
Core Based Statistical Area (CBSA): Vineland-Millville-Bridgeton, NJ (#47220)
CBSA Metro Statistical Area: Vineland-Millville-Bridgeton, NJ (#47220)
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $145.3 mil
Equity capital: $16.6 mil
Deposits held in domestic offices: $127.9 mil
Return on assets (ROA): 0.24% ($0.3 mil)
Quarterly return on assets: 0.15% ($0.2 mil)
Return on Equity (ROE): 2.18% ($0.4 mil)
Quarterly return on equity: 1.32% ($0.2 mil)
Net income: $0.3 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.20% ($290.5 mil)
Quarterly Pretax return on assets: -0.11% (-$159.8 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)
Total employees (full-time equivalent)13
Total assets$145,274
Cash and due from depository institutions$20,341
Interest-bearing balances$19,306
Securities$84,297
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$37,190
Loan loss allowance $1,317
Trading account assets$0
Bank premises and fixed assets$1,750
Other real estate owned$75
Goodwill and other intangibles$0
All other assets$1,621
Life insurance assets$145,273
Total liabilities and capital$128,705
Total liabilities$127,902
Total deposits$122,676
Interest-bearing deposits$127,902
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $803
All other liabilities $16,568
Total equity capital$16,568
Total bank equity capital$16,568
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $16,568
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,169
Earning assets $0
Long-term assets (5+ years) $546
Average Assets, year-to-date $140,793
Average Assets, quarterly $0
Volatile liabilities $140,970
Insider loans $144,536
FHLB advances $41,549
Loans and leases held for sale $144,251
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $15,545
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,503
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,962
Total interest expense $1,840
Net interest income $3,122
Provision for loan and lease losses $740
Total noninterest income $365
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $365
Total noninterest expense $2,485
Salaries and employee benefits $1,007
Premises and equipment expense $516
Additional noninterest expense $962
Pre-tax net operating income $262
Securities gains (losses) $22
Applicable income taxes -$60
Income before extraordinary items $344
Extraordinary gains - net $0
Net income attributable to bank $344
Net charge-offs $0
Cash dividends $344
Sale, conversion, retirement of capital stock, net $428
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.65%
Cost of funding earning assets 1.35%
Net interest margin 2.29%
Noninterest income to earning assets 0.27%
Noninterest expense to earning assets 1.83%
Net operating income to assets 0.23%
Return on assets (ROA) 0.24%
Pretax return on assets 0.20%
Return on equity (ROE) 2.18%
Retained earnings to average equity (YTD only) 2.18%
Net charge-offs to loans 1.04%
Credit loss provision to net charge-offs 172.90%
Efficiency ratio2.34%
Assets per employee$71,265
Cash dividends to net income (YTD only)11.17%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.42%
Noncurrent assets plus other real estate owned to assets 112.66%
Noncurrent loans to loans 0.86%
Net loans and leases to deposits3.04%
Net loans and leases to core deposits 29.08%
Equity capital to assets 31.00%
Core capital (leverage) ratio 11.40%
Tier 1 risk-based capital ratio 10.78%
Total risk-based capital ratio 37.41%
Memoranda
Average assets$39
Average earning assets$140,970
Average equity $15,750
Average loans $136,040
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2 New Jersey Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
043017Millville Savings And Loan AssociatiOne Savings Place, Millville, NJ 8332December 01, 1941Full Service Brick and Mortar
101492418West Main Branch904 W. Main Street, Millville, NJ 8332December 17, 2007Full Service Brick and Mortar
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