Pulaski Savings Bank in Springfield, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 18, 2002

  • Pulaski Savings Bank in Springfield, New Jersey (NJ)
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Pulaski Savings Bank - Overview

  • General
  • FDIC Certificate #: 30233
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Kearny Federal Savings Bank (#28765)
    Federal Reserve ID: 245678
    Date Established: November 01, 1943
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 5016
    FDIC's unique #: 43067
    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 06, 1943
    Last Structure Change Effective Date: October 18, 2002
    Last Structure Change Process Date: November 25, 2002
    Last Data Update: November 25, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 130 Mountain Avenue, Springfield, NJ 7081
    County: Union
    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: $286.7 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, 2001)

  • Dollar figures in thousands
  • 52Total employees (full-time equivalent)
  • $236,837Total assets
  • $8,575Cash and due from depository institutions
  • $5,666Interest-bearing balances
  • $67,172Securities
  • $4,525Federal funds sold & reverse repurchase agreements
  • $146,929Net loans & leases
  • $1,234Loan loss allowance
  • $2,440Trading account assets
  • $3,949Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,247All other assets
  • $236,837Total liabilities and capital
  • $212,036Total liabilities
  • $199,958Total deposits
  • $195,060Interest-bearing deposits
  • $199,958Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $11,000Other borrowed funds
  • $0Subordinated debt
  • $1,078All other liabilities
  • $24,801Total equity capital
  • $24,801Total bank equity capital
  • $24,801Perpetual preferred stock
  • $0Common stock
  • $21Surplus
  • $9,829Undivided profits
  • Memoranda
  • $14,951Noncurrent loans and leases
  • $27,181Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $422Earning assets
  • $0Long-term assets (5+ years)
  • $703Average Assets, year-to-date
  • $226,732Average Assets, quarterly
  • $0Volatile liabilities
  • $239,062Insider loans
  • $237,222FHLB advances
  • $40,600Loans and leases held for sale
  • $84Unused loan commitments
  • $11,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $27,181Total unused commitments
  • $0Restructured Loans and leases
  • $1,234Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $15,798Total interest income
  • $8,745Total interest expense
  • $7,053Net interest income
  • $53Provision for loan and lease losses
  • $578Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $141Trading account gains & fees
  • $437Additional noninterest income
  • $5,826Total noninterest expense
  • $3,335Salaries and employee benefits
  • $1,035Premises and equipment expense
  • $1,456Additional noninterest expense
  • $1,752Pre-tax net operating income
  • $0Securities gains (losses)
  • $651Applicable income taxes
  • $1,101Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,101Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$13Sale, conversion, retirement of capital stock, net
  • $600Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.94%Yield on earning assets
  • 3.84%Cost of funding earning assets
  • 3.10%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 2.56%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.73%Pretax return on assets
  • 4.54%Return on equity (ROE)
  • 2.06%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -407.69%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 76,346Assets per employee
  • 4.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.50%Loss allowance to loans
  • 0.83%Loss allowance to noncurrent loans
  • 292.42%Noncurrent assets plus other real estate owned to assets
  • 0.18%Noncurrent loans to loans
  • 0.28%Net loans and leases to deposits
  • 73.48%Net loans and leases to core deposits
  • 86.25%Equity capital to assets
  • 10.47%Core capital (leverage) ratio
  • 10.47%Tier 1 risk-based capital ratio
  • 19.44%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $239,062Average earning assets
  • $24,272Average equity
  • $227,672Average loans

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