Monarch Bank, FSB in Kearny, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 23, 1998

  • Monarch Bank, FSB in Kearny, New Jersey (NJ)
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Monarch Bank, FSB - Overview

  • General
  • FDIC Certificate #: 30213
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: The Provident Bank (#12010)
    Federal Reserve ID: 756473
    Date Established: October 01, 1942
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4964
    FDIC's unique #: 43047
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: November 19, 1942
    Last Structure Change Effective Date: December 23, 1998
    Last Structure Change Process Date: March 08, 1999
    Last Data Update: March 08, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 249 Kearny Ave, Kearny, NJ 7032
    County: Hudson
    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): Jersey City, NJ (#3640)
    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)
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $154.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 57Total employees (full-time equivalent)
  • $149,202Total assets
  • $1,972Cash and due from depository institutions
  • $1,046Interest-bearing balances
  • $38,809Securities
  • $900Federal funds sold & reverse repurchase agreements
  • $101,855Net loans & leases
  • $1,041Loan loss allowance
  • $0Trading account assets
  • $1,758Bank premises and fixed assets
  • $226Other real estate owned
  • $642Goodwill and other intangibles
  • $0Life insurance assets
  • $3,040All other assets
  • $149,202Total liabilities and capital
  • $136,772Total liabilities
  • $136,287Total deposits
  • $132,969Interest-bearing deposits
  • $136,287Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $485All other liabilities
  • $12,430Total equity capital
  • $12,430Total bank equity capital
  • $12,430Perpetual preferred stock
  • $3,150Common stock
  • $2Surplus
  • $5,190Undivided profits
  • Memoranda
  • $4,088Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $811Earning assets
  • $0Long-term assets (5+ years)
  • $667Average Assets, year-to-date
  • $142,610Average Assets, quarterly
  • $0Volatile liabilities
  • $153,864Insider loans
  • $148,328FHLB advances
  • $10,807Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $19,214Total unused commitments
  • $0Restructured Loans and leases
  • $95,635Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $11,742Total interest income
  • $6,532Total interest expense
  • $5,210Net interest income
  • -$54Provision for loan and lease losses
  • $706Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $706Additional noninterest income
  • $4,969Total noninterest expense
  • $2,025Salaries and employee benefits
  • $1,154Premises and equipment expense
  • $1,790Additional noninterest expense
  • $1,001Pre-tax net operating income
  • $70Securities gains (losses)
  • $406Applicable income taxes
  • $665Income before extraordinary items
  • $0Extraordinary gains - net
  • $665Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $8Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.95%Yield on earning assets
  • 4.42%Cost of funding earning assets
  • 3.53%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 3.36%Noninterest expense to earning assets
  • 0.40%Net operating income to assets
  • 0.43%Return on assets (ROA)
  • 0.70%Pretax return on assets
  • 5.61%Return on equity (ROE)
  • 5.61%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • -675.00%Credit loss provision to net charge-offs
  • 118.38%Efficiency ratio
  • 82,437Assets per employee
  • 2.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 128.36%Noncurrent assets plus other real estate owned to assets
  • 0.70%Noncurrent loans to loans
  • 0.79%Net loans and leases to deposits
  • 74.74%Net loans and leases to core deposits
  • 81.17%Equity capital to assets
  • 8.33%Core capital (leverage) ratio
  • 7.90%Tier 1 risk-based capital ratio
  • 12.27%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $153,864Average earning assets
  • $11,858Average equity
  • $147,680Average loans

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