Millville Savings and Loan Association in Millville, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


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

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total 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
  • 13Total employees (full-time equivalent)
  • $145,274Total assets
  • $20,341Cash and due from depository institutions
  • $19,306Interest-bearing balances
  • $84,297Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $37,190Net loans & leases
  • $1,317Loan loss allowance
  • $0Trading account assets
  • $1,750Bank premises and fixed assets
  • $75Other real estate owned
  • $0Goodwill and other intangibles
  • $145,273Life insurance assets
  • $1,621All other assets
  • $128,705Total liabilities and capital
  • $127,902Total liabilities
  • $122,676Total deposits
  • $127,902Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $803Subordinated debt
  • $16,568All other liabilities
  • $16,568Total equity capital
  • $16,568Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $16,568Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,169Income earned, not collected on loans
  • $0Earning assets
  • $546Long-term assets (5+ years)
  • $140,793Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $140,970Volatile liabilities
  • $144,536Insider loans
  • $41,549FHLB advances
  • $144,251Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,545Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,503Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,962Total interest income
  • $1,840Total interest expense
  • $3,122Net interest income
  • $740Provision for loan and lease losses
  • $365Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $365Additional noninterest income
  • $2,485Total noninterest expense
  • $1,007Salaries and employee benefits
  • $516Premises and equipment expense
  • $962Additional noninterest expense
  • $262Pre-tax net operating income
  • $22Securities gains (losses)
  • -$60Applicable income taxes
  • $344Income before extraordinary items
  • $0Extraordinary gains - net
  • $344Net income attributable to bank
  • $0Net charge-offs
  • $344Cash dividends
  • $428Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.65%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 2.29%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 1.83%Noninterest expense to earning assets
  • 0.23%Net operating income to assets
  • 0.24%Return on assets (ROA)
  • 0.20%Pretax return on assets
  • 2.18%Return on equity (ROE)
  • 2.18%Retained earnings to average equity (YTD only)
  • 1.04%Net charge-offs to loans
  • 172.90%Credit loss provision to net charge-offs
  • 2.34%Efficiency ratio
  • 71,265Assets per employee
  • 11.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.42%Loss allowance to noncurrent loans
  • 112.66%Noncurrent assets plus other real estate owned to assets
  • 0.86%Noncurrent loans to loans
  • 3.04%Net loans and leases to deposits
  • 29.08%Net loans and leases to core deposits
  • 31.00%Equity capital to assets
  • 11.40%Core capital (leverage) ratio
  • 10.78%Tier 1 risk-based capital ratio
  • 37.41%Total risk-based capital ratio
  • Memoranda
  • $39Average assets
  • $140,970Average earning assets
  • $15,750Average equity
  • $136,040Average loans

List of branches

  • 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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