Oritani Bank in Township Of Washington, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Oritani Bank in Township Of Washington, New Jersey (NJ)
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Oritani Bank - Overview

  • General
  • FDIC Certificate #: 28866
    Status: Active
    Federal Reserve ID: 2376
    Date Established: January 01, 1911
    WWW: http://www.oritani.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 25 (Domestic: 25, Interstate: No)
    OTS Docket #: 2519
    FDIC's unique #: 41700
    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: Commercial Lending Specialization
    Date of Deposit Insurance: September 27, 1939
    Last Structure Change Effective Date: September 08, 2008
    Last Structure Change Process Date: September 08, 2008
    Last Data Update: September 08, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 370 Pascack Road, Township Of Washington, NJ 7676
    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
  • Name Change
  • Financial Summary
  • Total assets: $2,567.1 mil
    Equity capital: $411.3 mil
    Deposits held in domestic offices: $1,374.4 mil
    Return on assets (ROA): 1.07% ($27.5 mil)
    Quarterly return on assets: 1.12% ($28.8 mil)
    Return on Equity (ROE): 6.63% ($27.2 mil)
    Quarterly return on equity: 6.87% ($28.2 mil)
    Net income: $27.3 mil
    Quarterly Net income: $7.2 mil
    Pretax return on assets: 1.69% ($43,384.3 mil)
    Quarterly Pretax return on assets: 1.78% ($45,694.8 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
  • 180Total employees (full-time equivalent)
  • $2,567,121Total assets
  • $8,793Cash and due from depository institutions
  • $1,811Interest-bearing balances
  • $623,349Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,792,417Net loans & leases
  • $28,819Loan loss allowance
  • $0Trading account assets
  • $15,538Bank premises and fixed assets
  • $6,079Other real estate owned
  • $0Goodwill and other intangibles
  • $2,567,121Life insurance assets
  • $120,945All other assets
  • $2,155,761Total liabilities and capital
  • $1,374,429Total liabilities
  • $1,317,421Total deposits
  • $1,374,429Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 31516.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $720,291Trading liabilities
  • $0Other borrowed funds
  • $29,525Subordinated debt
  • $411,360All other liabilities
  • $411,295Total equity capital
  • $411,295Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $19,997Surplus
  • $390,798Undivided profits
  • Memoranda
  • $65Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $18,244Income earned, not collected on loans
  • $0Earning assets
  • $9,343Long-term assets (5+ years)
  • $2,417,577Average Assets, year-to-date
  • $1,643,818Average Assets, quarterly
  • $2,552,108Volatile liabilities
  • $2,575,676Insider loans
  • $1,965,170FHLB advances
  • $2,551,585Loans and leases held for sale
  • $45,493Unused loan commitments
  • $34,507Tier 1 (core) risk-based capital
  • $405,976Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $10,986Total unused commitments
  • $95,907Restructured Loans and leases
  • $39,383Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $117,490Total interest income
  • $37,206Total interest expense
  • $80,284Net interest income
  • $10,300Provision for loan and lease losses
  • $5,142Total noninterest income
  • $0Fiduciary activities
  • $776Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,366Additional noninterest income
  • $32,284Total noninterest expense
  • $20,570Salaries and employee benefits
  • $2,683Premises and equipment expense
  • $9,031Additional noninterest expense
  • $42,842Pre-tax net operating income
  • $229Securities gains (losses)
  • $15,744Applicable income taxes
  • $27,327Income before extraordinary items
  • $0Extraordinary gains - net
  • $27,327Net income attributable to bank
  • $0Net charge-offs
  • $27,327Cash dividends
  • $5,662Sale, conversion, retirement of capital stock, net
  • $26,869Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 1.55%Cost of funding earning assets
  • 3.34%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 1.34%Noninterest expense to earning assets
  • 1.07%Net operating income to assets
  • 1.07%Return on assets (ROA)
  • 1.69%Pretax return on assets
  • 6.63%Return on equity (ROE)
  • 0.11%Retained earnings to average equity (YTD only)
  • 0.33%Net charge-offs to loans
  • 181.91%Credit loss provision to net charge-offs
  • 9.39%Efficiency ratio
  • 37,792Assets per employee
  • 14.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 98.32%Loss allowance to loans
  • 1.58%Loss allowance to noncurrent loans
  • 157.96%Noncurrent assets plus other real estate owned to assets
  • 0.95%Noncurrent loans to loans
  • 1.00%Net loans and leases to deposits
  • 130.41%Net loans and leases to core deposits
  • 137.12%Equity capital to assets
  • 16.02%Core capital (leverage) ratio
  • 15.91%Tier 1 risk-based capital ratio
  • 20.66%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $2,552,108Average earning assets
  • $411,945Average equity
  • $2,406,606Average loans

List of branches

  • 25 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041700Oritani Bank370 Pascack Road, Township Of Washington, NJ 7676January 01, 1911Full Service Brick and Mortar
    1271164Anderson Ave Branch742 Anderson Ave, Cliffside Park, NJ 7010January 01, 1911Full Service Brick and Mortar
    22711651 Spring Valley Ave BranchOne Spring Valley Ave, Hackensack, NJ 7601January 01, 1911Full Service Brick and Mortar
    327116630 Sheridan Ave Branch30 Sheridan Ave, Ho Ho Kus, NJ 7423January 01, 1911Full Service Brick and Mortar
    4271167350 Broad Ave Branch350 Broad Ave, Palisades Park, NJ 7650January 01, 1911Full Service Brick and Mortar
    7271170Teaneck Branch560 Cedar Ln, Teaneck, NJ 7666January 01, 1911Full Service Brick and Mortar
    8271171Pascack Rd Branch370 Pascack Rd, Township Of Washington, NJ 7676January 01, 1911Full Service Brick and Mortar
    9271172Broadway Branch160 Broadway, Woodcliff Lake, NJ 7677January 01, 1911Full Service Brick and Mortar
    10271173460 Chamberlain Ave Branch460 Chamberlain Ave, Paterson, NJ 7502January 01, 1911Full Service Brick and Mortar
    112711747225 Broadway Branch7225 Broadway, North Bergen, NJ 7047January 01, 1911Full Service Brick and Mortar
    12271175Kinderkamack Road Branch177 Kinderkamack Rd, Park Ridge, NJ 7656January 01, 1911Full Service Brick and Mortar
    14271177Fairview Avenue Branch311 Fairview Ave, Fairview, NJ 7022January 01, 1911Full Service Brick and Mortar
    15271178545 Shaler Blvd Branch545 Shaler Blvd, Ridgefield, NJ 7657January 01, 1911Full Service Brick and Mortar
    103271184Hackensack Branch321 Main St, Hackensack, NJ 7601March 01, 1990Full Service Brick and Mortar
    104271185New Milford Branch900 River Rd, New Milford, NJ 7646November 01, 1995Full Service Brick and Mortar
    10542979Hamilton Savings Bank Branch4200 Bergenline Ave, Union City, NJ 7087April 23, 1941Full Service Brick and Mortar
    106278813Summit Ave Branch1020 Summit Ave, Union City, NJ 7087April 23, 1941Full Service Brick and Mortar
    107278814Bergenline Avenue Branch2001 Bergenline Ave, Union City, NJ 7087April 23, 1941Full Service Brick and Mortar
    108278815Grand Avenue Branch236 Grand Ave, Park Ridge, NJ 7656May 02, 1998Full Service Brick and Mortar
    109431021Ridgefield Park Branch233 Main St, Ridgefield Park, NJ 7660Febuary 16, 2004Full Service Brick and Mortar
    110481652Emerson Branch27 Kinderkamack Rd, Emerson, NJ 7630October 28, 2008Full Service Brick and Mortar
    111481653Jersey City Branch348 Central Ave, Jersey City, NJ 7307October 28, 2008Full Service Brick and Mortar
    112510960Bergenfield Branch223 South Washington Avenue, Bergenfield, NJ 7621Febuary 12, 2010Full Service Brick and Mortar
    113519114Ramsey Branch161 North Franklin Turnpike, Ramsey, NJ 7446Febuary 15, 2011Full Service Brick and Mortar
    114527544Clifton Branch859 Clifton Avenue, Suite H, Clifton, NJ 7013December 06, 2011Full Service Brick and Mortar

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