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

This bank is inactive as of September 23, 1995

  • New Jersey Savings Bank in Somerville, New Jersey (NJ)
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New Jersey Savings Bank - Overview

  • General
  • FDIC Certificate #: 12020
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Summit Bank (#550)
    Federal Reserve ID: 878003
    Date Established: August 22, 1871
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 12 (Interstate: No)
    FDIC's unique #: 7661
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 23, 1995
    Last Structure Change Process Date: October 27, 1995
    Last Data Update: October 27, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 10 West High Street, Somerville, NJ 8876
    County: Somerset
    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): Middlesex-Somerset-Hunterdon, NJ (#5015)
    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: Edison-New Brunswick, NJ (#20764)
  • Financial Summary
  • Total assets: $505.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $147Total assets
  • $480,073Cash and due from depository institutions
  • $12,663Interest-bearing balances
  • $0Securities
  • $159,844Federal funds sold & reverse repurchase agreements
  • $7,323Net loans & leases
  • $288,145Loan loss allowance
  • $4,652Trading account assets
  • $0Bank premises and fixed assets
  • $3,933Other real estate owned
  • $1,159Goodwill and other intangibles
  • $6,483Life insurance assets
  • $523All other assets
  • $0Total liabilities and capital
  • $480,073Total liabilities
  • $430,598Total deposits
  • $422,017Interest-bearing deposits
  • $385,133Deposits held in domestic offices
  • 422017.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $7,196Trading liabilities
  • $0Other borrowed funds
  • $46Subordinated debt
  • $0All other liabilities
  • $1,339Total equity capital
  • $1,339Total bank equity capital
  • $49,475Perpetual preferred stock
  • $0Common stock
  • $5,364Surplus
  • $22,940Undivided profits
  • Memoranda
  • $21,171Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,701Income earned, not collected on loans
  • $2,284Earning assets
  • $455,312Long-term assets (5+ years)
  • $135,569Average Assets, year-to-date
  • $472,174Average Assets, quarterly
  • $475,670Volatile liabilities
  • $20,398Insider loans
  • $372FHLB advances
  • $0Loans and leases held for sale
  • $109Unused loan commitments
  • $34,007Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $49,291Total risk weighted assets
  • $241,195Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $31,061Total interest expense
  • $12,571Net interest income
  • $18,490Provision for loan and lease losses
  • $800Total noninterest income
  • $1,387Fiduciary activities
  • $0Service charges on deposit accounts
  • $839Trading account gains & fees
  • $0Additional noninterest income
  • $548Total noninterest expense
  • $11,797Salaries and employee benefits
  • $5,700Premises and equipment expense
  • $1,955Additional noninterest expense
  • $4,142Pre-tax net operating income
  • $7,280Securities gains (losses)
  • $0Applicable income taxes
  • $2,692Income before extraordinary items
  • $4,588Extraordinary gains - net
  • $0Net income attributable to bank
  • $4,588Net charge-offs
  • $712Cash dividends
  • $409Sale, conversion, retirement of capital stock, net
  • $616Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.92%Cost of funding earning assets
  • 2.80%Net interest margin
  • 4.12%Noninterest income to earning assets
  • 0.31%Noninterest expense to earning assets
  • 2.63%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 0.97%Pretax return on assets
  • 1.54%Return on equity (ROE)
  • 9.72%Retained earnings to average equity (YTD only)
  • 8.86%Net charge-offs to loans
  • 0.26%Credit loss provision to net charge-offs
  • 112.36%Efficiency ratio
  • 58,329Assets per employee
  • 3.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 8.91%Loss allowance to loans
  • 1.59%Loss allowance to noncurrent loans
  • 60.41%Noncurrent assets plus other real estate owned to assets
  • 1.85%Noncurrent loans to loans
  • 2.63%Net loans and leases to deposits
  • 68.28%Net loans and leases to core deposits
  • 70.48%Equity capital to assets
  • 10.31%Core capital (leverage) ratio
  • 10.41%Tier 1 risk-based capital ratio
  • 20.44%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $472,174Average earning assets
  • $47,184Average equity
  • $449,146Average loans

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