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

This bank is inactive as of June 16, 1993

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

  • General
  • FDIC Certificate #: 30734
    Status: Inactive
    Closing history: Change in Entity Type
    Acquiring institution: Covenant Bank (#27339)
    Federal Reserve ID: 71372
    Date Established: January 01, 1925
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 5826
    FDIC's unique #: 43568
    Numeric code: 35
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 17, 1955
    Last Structure Change Effective Date: June 16, 1993
    Last Structure Change Process Date: June 24, 1993
    Last Data Update: June 24, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 296 White Horse Pike, Atco, NJ 8004
    County: Camden
    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): Philadelphia, PA-NJ (#6160)
    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): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Camden, NJ (#15804)
  • History of Changes
  • Merger - Without Assistance
    Change in Entity Type
  • Financial Summary
  • Total assets: $52.0 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $19Total assets
  • $52,222Cash and due from depository institutions
  • $2,713Interest-bearing balances
  • $483Securities
  • $13,439Federal funds sold & reverse repurchase agreements
  • $200Net loans & leases
  • $33,166Loan loss allowance
  • $1,336Trading account assets
  • $0Bank premises and fixed assets
  • $703Other real estate owned
  • $565Goodwill and other intangibles
  • $1,436Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $52,222Total liabilities
  • $51,096Total deposits
  • $50,823Interest-bearing deposits
  • $50,082Deposits held in domestic offices
  • 50823.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $273Total equity capital
  • $273Total bank equity capital
  • $1,126Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $1,126Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,514Income earned, not collected on loans
  • $76Earning assets
  • $47,288Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $55,291Average Assets, quarterly
  • $52,628Volatile liabilities
  • $1,617Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $57Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,126Total risk weighted assets
  • $25,096Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,679Total interest expense
  • $2,670Net interest income
  • $2,009Provision for loan and lease losses
  • $1,849Total noninterest income
  • $241Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $241Total noninterest expense
  • $1,575Salaries and employee benefits
  • $728Premises and equipment expense
  • $287Additional noninterest expense
  • $560Pre-tax net operating income
  • -$1,174Securities gains (losses)
  • $0Applicable income taxes
  • $0Income before extraordinary items
  • -$1,174Extraordinary gains - net
  • $0Net income attributable to bank
  • -$1,174Net charge-offs
  • $770Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.11%Cost of funding earning assets
  • 5.20%Net interest margin
  • 3.91%Noninterest income to earning assets
  • 0.47%Noninterest expense to earning assets
  • 3.07%Net operating income to assets
  • -2.12%Return on assets (ROA)
  • -2.12%Pretax return on assets
  • -2.12%Return on equity (ROE)
  • -81.04%Retained earnings to average equity (YTD only)
  • -81.04%Net charge-offs to loans
  • 2.01%Credit loss provision to net charge-offs
  • 240.13%Efficiency ratio
  • 70,000Assets per employee
  • 2.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.87%Loss allowance to noncurrent loans
  • 53.14%Noncurrent assets plus other real estate owned to assets
  • 5.90%Noncurrent loans to loans
  • 7.29%Net loans and leases to deposits
  • 65.26%Net loans and leases to core deposits
  • 67.40%Equity capital to assets
  • 2.16%Core capital (leverage) ratio
  • 2.16%Tier 1 risk-based capital ratio
  • 4.49%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $55,291Average earning assets
  • $1,449Average equity
  • $51,359Average loans

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