NVE Bank in Englewood, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • NVE Bank in Englewood, New Jersey (NJ)
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NVE Bank - Overview

  • General
  • FDIC Certificate #: 29875
    Status: Active
    Federal Reserve ID: 1012671
    Bank Holding Company (Regulatory Top Holder): Nve Bancorp, Mhc (RSSDID: 2460569, Location: Englewood, NJ)
    Date Established: January 01, 1887
    WWW: http://www.nvebank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: No)
    OTS Docket #: 4242
    FDIC's unique #: 42709
    Numeric code: 41
    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 10, 1938
    Last Structure Change Effective Date: January 24, 2011
    Last Structure Change Process Date: October 27, 2011
    Last Data Update: October 27, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 70-76 Engle Street, Englewood, NJ 7631
    County: Bergen
    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): Bergen-Passaic, NJ (#875)
    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)
  • Financial Summary
  • Total assets: $684.2 mil
    Equity capital: $79.4 mil
    Deposits held in domestic offices: $548.6 mil
    Return on assets (ROA): 0.19% ($1.3 mil)
    Quarterly return on assets: 0.13% ($0.9 mil)
    Return on Equity (ROE): 1.66% ($1.3 mil)
    Quarterly return on equity: 1.15% ($0.9 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.27% ($1,847.4 mil)
    Quarterly Pretax return on assets: 0.22% ($1,505.3 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
  • 101Total employees (full-time equivalent)
  • $684,222Total assets
  • $43,468Cash and due from depository institutions
  • $40,827Interest-bearing balances
  • $199,278Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $391,459Net loans & leases
  • $2,498Loan loss allowance
  • $0Trading account assets
  • $10,782Bank premises and fixed assets
  • $396Other real estate owned
  • $0Goodwill and other intangibles
  • $684,222Life insurance assets
  • $38,839All other assets
  • $604,787Total liabilities and capital
  • $548,643Total liabilities
  • $471,327Total deposits
  • $548,643Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 38238.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,650Trading liabilities
  • $0Other borrowed funds
  • $11,256Subordinated debt
  • $79,435All other liabilities
  • $79,435Total equity capital
  • $79,435Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $0Surplus
  • $79,285Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,343Income earned, not collected on loans
  • $0Earning assets
  • $2,402Long-term assets (5+ years)
  • $631,564Average Assets, year-to-date
  • $504,656Average Assets, quarterly
  • $678,456Volatile liabilities
  • $682,004Insider loans
  • $385,326FHLB advances
  • $685,020Loans and leases held for sale
  • $23,071Unused loan commitments
  • $21,389Tier 1 (core) risk-based capital
  • $76,272Tier 2 risk-based capital
  • $1,682Total risk weighted assets
  • $0Total unused commitments
  • $78,967Restructured Loans and leases
  • $1,047Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $25,107Total interest income
  • $7,709Total interest expense
  • $17,398Net interest income
  • $639Provision for loan and lease losses
  • $2,008Total noninterest income
  • $0Fiduciary activities
  • $754Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,254Additional noninterest income
  • $17,575Total noninterest expense
  • $9,763Salaries and employee benefits
  • $1,825Premises and equipment expense
  • $5,987Additional noninterest expense
  • $1,192Pre-tax net operating income
  • $648Securities gains (losses)
  • $525Applicable income taxes
  • $1,315Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,315Net income attributable to bank
  • $0Net charge-offs
  • $1,315Cash dividends
  • $2,697Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.01%Yield on earning assets
  • 1.23%Cost of funding earning assets
  • 2.78%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 2.81%Noninterest expense to earning assets
  • 0.13%Net operating income to assets
  • 0.19%Return on assets (ROA)
  • 0.27%Pretax return on assets
  • 1.66%Return on equity (ROE)
  • 1.66%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 23.69%Credit loss provision to net charge-offs
  • 0.68%Efficiency ratio
  • 90,565Assets per employee
  • 6.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.63%Loss allowance to noncurrent loans
  • 16.28%Noncurrent assets plus other real estate owned to assets
  • 2.30%Noncurrent loans to loans
  • 3.89%Net loans and leases to deposits
  • 71.35%Net loans and leases to core deposits
  • 72.45%Equity capital to assets
  • 11.61%Core capital (leverage) ratio
  • 11.13%Tier 1 risk-based capital ratio
  • 19.79%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $678,456Average earning assets
  • $79,236Average equity
  • $626,544Average loans

List of branches

  • 13 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042709Nve Bank70-76 Engle Street, Englewood, NJ 7631January 01, 1887Full Service Brick and Mortar
    1277544Tenafly Branch80 County Road, Tenafly, NJ 7670January 01, 1887Full Service Brick and Mortar
    2277545Cresskill Branch189 County Road, Cresskill, NJ 7626January 01, 1887Full Service Brick and Mortar
    3277546Leonia Branch310 Broad Avenue, Leonia, NJ 7605January 01, 1887Full Service Brick and Mortar
    4277547Teaneck Branch1505 Teaneck Road, Teaneck, NJ 7666January 01, 1887Full Service Brick and Mortar
    5277548Highwood Branch42 W. Hudson Avenue, Englewood, NJ 7631January 01, 1887Full Service Brick and Mortar
    100277549Grand Avenue Branch535 Grand Avenue, Englewood, NJ 7631January 01, 1887Full Service Brick and Mortar
    10143560Hillsdale Branch159 Broadway, Hillsdale, NJ 7642January 01, 1893Full Service Brick and Mortar
    102277550Executive Branch76 Engle Street, Englewood, NJ 7631March 01, 1992Limited Service Loan Production
    103277551New Milford Branch400 River Road, New Milford, NJ 7646July 09, 1997Full Service Brick and Mortar
    104277552Closter Branch175 Homans Avenue, Closter, NJ 7624May 19, 1999Full Service Brick and Mortar
    105358375Bergenfield Branch135 N. Washington Avenue, Bergenfield, NJ 7621October 12, 1999Full Service Brick and Mortar
    106427710Palisade Avenue Branch740 Palisade Avenue, Teaneck, NJ 7666April 05, 2004Full Service Brick and Mortar

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