Polifly Federal Savings and Loan Assocition in Hasbrouck Heights, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 06, 1994

  • Polifly Federal Savings and Loan Assocition in Hasbrouck Heights, New Jersey (NJ)
  • Show street view No street view available for this location

Polifly Federal Savings and Loan Assocition - Overview

  • General
  • FDIC Certificate #: 33745
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: World Savings and Loan Association, A Federal Savings and Loan Associati (#31315)
    Federal Reserve ID: 280370
    Date Established: November 20, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 10458
    FDIC's unique #: 47952
    Numeric code: 38
    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: November 20, 1992
    Last Structure Change Effective Date: May 06, 1994
    Last Structure Change Process Date: May 16, 1994
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 181 Boulevard, Hasbrouck Heights, NJ 7604
    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
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
    Corrections
    Office Sold
  • Financial Summary
  • Total assets: $257.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $97Total assets
  • $273,110Cash and due from depository institutions
  • $3,890Interest-bearing balances
  • $2,556Securities
  • $2,280Federal funds sold & reverse repurchase agreements
  • $14,800Net loans & leases
  • $225,088Loan loss allowance
  • $8,431Trading account assets
  • $0Bank premises and fixed assets
  • $6,868Other real estate owned
  • $5,549Goodwill and other intangibles
  • $14,635Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $273,110Total liabilities
  • $282,913Total deposits
  • $263,301Interest-bearing deposits
  • $263,301Deposits held in domestic offices
  • 263301.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $15,000Subordinated debt
  • $0All other liabilities
  • $4,612Total equity capital
  • $4,612Total bank equity capital
  • $-9,803Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-9,803Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $30,123Income earned, not collected on loans
  • $1,407Earning assets
  • $244,724Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $312,237Average Assets, quarterly
  • $278,707Volatile liabilities
  • $16,649Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $8,541Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-9,803Total risk weighted assets
  • $193,802Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $19,406Total interest expense
  • $12,428Net interest income
  • $6,978Provision for loan and lease losses
  • $2,082Total noninterest income
  • -$3,477Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • -$3,477Total noninterest expense
  • $11,583Salaries and employee benefits
  • $3,551Premises and equipment expense
  • $1,965Additional noninterest expense
  • $6,067Pre-tax net operating income
  • -$10,164Securities gains (losses)
  • $171Applicable income taxes
  • $0Income before extraordinary items
  • -$9,993Extraordinary gains - net
  • $0Net income attributable to bank
  • -$9,993Net charge-offs
  • -$14Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.16%Cost of funding earning assets
  • 4.59%Net interest margin
  • 2.58%Noninterest income to earning assets
  • -1.28%Noninterest expense to earning assets
  • 4.27%Net operating income to assets
  • -3.26%Return on assets (ROA)
  • -3.20%Pretax return on assets
  • -3.20%Return on equity (ROE)
  • 217.96%Retained earnings to average equity (YTD only)
  • 217.96%Net charge-offs to loans
  • -0.01%Credit loss provision to net charge-offs
  • -14871.43%Efficiency ratio
  • 330,848Assets per employee
  • 2.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.61%Loss allowance to noncurrent loans
  • 27.99%Noncurrent assets plus other real estate owned to assets
  • 13.06%Noncurrent loans to loans
  • 12.90%Net loans and leases to deposits
  • 85.49%Net loans and leases to core deposits
  • 86.03%Equity capital to assets
  • -3.59%Core capital (leverage) ratio
  • -3.64%Tier 1 risk-based capital ratio
  • -5.06%Total risk-based capital ratio
  • Memoranda
  • -$5Average assets
  • $312,237Average earning assets
  • -$4,585Average equity
  • $270,959Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Polifly Federal Savings and Loan Assocition.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents