Palisade Savings Bank, F.S.B. in Ridgefield Park, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 18, 1995

  • Palisade Savings Bank, F.S.B. in Ridgefield Park, New Jersey (NJ)
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Palisade Savings Bank, F.S.B. - Overview

  • General
  • FDIC Certificate #: 30013
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Summit Bank (#550)
    Federal Reserve ID: 730875
    Date Established: January 01, 1891
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4545
    FDIC's unique #: 42847
    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: October 28, 1938
    Last Structure Change Effective Date: Febuary 18, 1995
    Last Structure Change Process Date: March 07, 1995
    Last Data Update: March 07, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 245 Main Street, Ridgefield Park, NJ 7660
    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: $306.4 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)
  • $81Total assets
  • $306,389Cash and due from depository institutions
  • $4,487Interest-bearing balances
  • $577Securities
  • $57,877Federal funds sold & reverse repurchase agreements
  • $43,700Net loans & leases
  • $162,357Loan loss allowance
  • $1,887Trading account assets
  • $0Bank premises and fixed assets
  • $4,519Other real estate owned
  • $1,019Goodwill and other intangibles
  • $8,536Life insurance assets
  • $23,894All other assets
  • $0Total liabilities and capital
  • $306,389Total liabilities
  • $263,841Total deposits
  • $254,861Interest-bearing deposits
  • $254,861Deposits held in domestic offices
  • 254861.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,620Subordinated debt
  • $0All other liabilities
  • $4,360Total equity capital
  • $4,360Total bank equity capital
  • $42,548Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $42,156Undivided profits
  • Memoranda
  • $392Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,280Income earned, not collected on loans
  • $1,157Earning assets
  • $264,511Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $308,222Average Assets, quarterly
  • $315,739Volatile liabilities
  • $14,489Insider loans
  • $0FHLB advances
  • $4,620Loans and leases held for sale
  • $0Unused loan commitments
  • $5,210Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $18,789Total risk weighted assets
  • $117,244Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $20,632Total interest expense
  • $8,793Net interest income
  • $11,839Provision for loan and lease losses
  • $0Total noninterest income
  • $1,698Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,698Total noninterest expense
  • $9,484Salaries and employee benefits
  • $3,271Premises and equipment expense
  • $1,654Additional noninterest expense
  • $4,559Pre-tax net operating income
  • $4,053Securities gains (losses)
  • $16Applicable income taxes
  • $1,853Income before extraordinary items
  • $2,216Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,216Net charge-offs
  • $160Cash dividends
  • $320Sale, conversion, retirement of capital stock, net
  • $30,156Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.34%Cost of funding earning assets
  • 3.13%Net interest margin
  • 4.21%Noninterest income to earning assets
  • 0.60%Noninterest expense to earning assets
  • 3.38%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 0.72%Pretax return on assets
  • 1.32%Return on equity (ROE)
  • 7.40%Retained earnings to average equity (YTD only)
  • 6.33%Net charge-offs to loans
  • 0.10%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 65,081Assets per employee
  • 3.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.44%Loss allowance to loans
  • 1.15%Loss allowance to noncurrent loans
  • 44.09%Noncurrent assets plus other real estate owned to assets
  • 1.62%Noncurrent loans to loans
  • 2.61%Net loans and leases to deposits
  • 63.70%Net loans and leases to core deposits
  • 66.27%Equity capital to assets
  • 13.89%Core capital (leverage) ratio
  • 6.66%Tier 1 risk-based capital ratio
  • 16.03%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $308,222Average earning assets
  • $29,956Average equity
  • $281,006Average loans

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