Penn Federal Savings Bank in Newark, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 02, 2007

  • Penn Federal Savings Bank in Newark, New Jersey (NJ)
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Penn Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 30179
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: New York Community Bank (#16022)
    Federal Reserve ID: 870379
    Date Established: November 01, 1941
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4896
    FDIC's unique #: 43013
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 27, 1942
    Last Structure Change Effective Date: April 02, 2007
    Last Structure Change Process Date: June 14, 2007
    Last Data Update: June 14, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 36 Ferry Street, Newark, NJ 7105
    County: Essex
    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): Newark, NJ (#5640)
    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: Newark-Union, NJ-PA (#35084)
  • Financial Summary
  • Total assets: $2,317.6 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, 2006)

  • Dollar figures in thousands
  • 243Total employees (full-time equivalent)
  • $2,333,923Total assets
  • $18,252Cash and due from depository institutions
  • $358Interest-bearing balances
  • $487,570Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,733,223Net loans & leases
  • $5,225Loan loss allowance
  • $0Trading account assets
  • $18,975Bank premises and fixed assets
  • $0Other real estate owned
  • $2,150Goodwill and other intangibles
  • $31,783Life insurance assets
  • $73,753All other assets
  • $2,333,923Total liabilities and capital
  • $2,165,962Total liabilities
  • $1,556,608Total deposits
  • $1,527,170Interest-bearing deposits
  • $1,556,608Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $80,148Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $516,400Other borrowed funds
  • $0Subordinated debt
  • $12,806All other liabilities
  • $167,961Total equity capital
  • $167,961Total bank equity capital
  • $167,961Perpetual preferred stock
  • $0Common stock
  • $48Surplus
  • $67,327Undivided profits
  • Memoranda
  • $100,586Noncurrent loans and leases
  • $111,428Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,877Earning assets
  • $117Long-term assets (5+ years)
  • $11,198Average Assets, year-to-date
  • $2,221,151Average Assets, quarterly
  • $0Volatile liabilities
  • $2,272,919Insider loans
  • $2,333,675FHLB advances
  • $1,105,758Loans and leases held for sale
  • $681Unused loan commitments
  • $505,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $111,428Total unused commitments
  • $86Restructured Loans and leases
  • $5,225Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $123,557Total interest income
  • $85,163Total interest expense
  • $38,394Net interest income
  • $0Provision for loan and lease losses
  • $4,942Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,942Additional noninterest income
  • $23,640Total noninterest expense
  • $12,698Salaries and employee benefits
  • $5,475Premises and equipment expense
  • $5,467Additional noninterest expense
  • $19,696Pre-tax net operating income
  • $80Securities gains (losses)
  • $6,895Applicable income taxes
  • $12,881Income before extraordinary items
  • $0Extraordinary gains - net
  • $12,881Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $688Sale, conversion, retirement of capital stock, net
  • $13,946Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.72%Yield on earning assets
  • 3.94%Cost of funding earning assets
  • 1.78%Net interest margin
  • 0.23%Noninterest income to earning assets
  • 1.09%Noninterest expense to earning assets
  • 0.56%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.87%Pretax return on assets
  • 7.65%Return on equity (ROE)
  • -0.63%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 28.63%Efficiency ratio
  • 54,550Assets per employee
  • 9.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 108.27%Loss allowance to loans
  • 0.30%Loss allowance to noncurrent loans
  • 278.37%Noncurrent assets plus other real estate owned to assets
  • 0.08%Noncurrent loans to loans
  • 0.11%Net loans and leases to deposits
  • 111.35%Net loans and leases to core deposits
  • 165.48%Equity capital to assets
  • 7.20%Core capital (leverage) ratio
  • 7.20%Tier 1 risk-based capital ratio
  • 12.98%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $2,272,919Average earning assets
  • $168,376Average equity
  • $2,161,440Average loans

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