FDIC Certificate #: 30028 Status: Inactive Federal Reserve ID: 917975 Date Established: December 02, 1938 WWW:http://www.ocwen.com Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 4592 FDIC's unique #: 42862 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: December 02, 1938 Last Structure Change Effective Date: June 30, 2005 Last Structure Change Process Date: August 24, 2005 Last Data Update: August 24, 2005 Data Source Date: April 05, 2012
Location
Address: 2400 Lemoine Avenue, Fort Lee, NJ 7024 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)
History of Changes
Other Liquidations and Closings
Change in Insurance Status
Office Sold
Financial Summary
Total assets: $760.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
977Total employees (full-time equivalent)
$835,378Total assets
$173,139Cash and due from depository institutions
$13,173Interest-bearing balances
$2,535Securities
$0Federal funds sold & reverse repurchase agreements
$12,586Net loans & leases
$4,572Loan loss allowance
$82,463Trading account assets
$27,923Bank premises and fixed assets
$1,359Other real estate owned
$93,267Goodwill and other intangibles
$0Life insurance assets
$442,106All other assets
$835,378Total liabilities and capital
$621,324Total liabilities
$453,627Total deposits
$313,206Interest-bearing deposits
$453,627Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$130,006Other borrowed funds
$0Subordinated debt
$37,691All other liabilities
$214,054Total equity capital
$214,054Total bank equity capital
$214,054Perpetual preferred stock
$5,000Common stock
$119Surplus
$78,987Undivided profits
Memoranda
$129,948Noncurrent loans and leases
$35Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$7,882Earning assets
$0Long-term assets (5+ years)
$30Average Assets, year-to-date
$110,757Average Assets, quarterly
$0Volatile liabilities
$962,207Insider loans
$875,134FHLB advances
$344,929Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$35Total unused commitments
$1,897Restructured Loans and leases
$4,572Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$3,949Total interest income
$19,344Total interest expense
-$15,395Net interest income
-$192Provision for loan and lease losses
$188,518Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$6Trading account gains & fees
$188,512Additional noninterest income
$143,426Total noninterest expense
$59,487Salaries and employee benefits
$14,472Premises and equipment expense
$69,467Additional noninterest expense
$29,889Pre-tax net operating income
$0Securities gains (losses)
-$935Applicable income taxes
$30,824Income before extraordinary items
$0Extraordinary gains - net
$30,824Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,483Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.22%Yield on earning assets
40.26%Cost of funding earning assets
-32.04%Net interest margin
392.36%Noninterest income to earning assets
298.51%Noninterest expense to earning assets
3.20%Net operating income to assets
3.20%Return on assets (ROA)
3.11%Pretax return on assets
15.75%Return on equity (ROE)
15.75%Retained earnings to average equity (YTD only)
7.88%Net charge-offs to loans
-12.95%Credit loss provision to net charge-offs
20.02%Efficiency ratio
82,265Assets per employee
0.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
26.65%Loss allowance to noncurrent loans
58.01%Noncurrent assets plus other real estate owned to assets
1.01%Noncurrent loans to loans
45.94%Net loans and leases to deposits
2.77%Net loans and leases to core deposits
5.27%Equity capital to assets
25.62%Core capital (leverage) ratio
22.07%Tier 1 risk-based capital ratio
31.50%Total risk-based capital ratio
Memoranda
$32Average assets
$962,207Average earning assets
$195,726Average equity
$48,047Average loans
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