RSI BANK in Rahway, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

RSI BANK - Overview

  • General
  • FDIC Certificate #: 12017
    Status: Active
    Federal Reserve ID: 148809
    Bank Holding Company (Regulatory Top Holder): Rsi Bancorp, Mhc (RSSDID: 2702232, Location: Rahway, NJ)
    Date Established: March 12, 1851
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 14006
    FDIC's unique #: 7660
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1500 Irving Street, Rahway, NJ 7065
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $494.5 mil
    Equity capital: $71.3 mil
    Deposits held in domestic offices: $397.4 mil
    Return on assets (ROA): 0.40% ($2.0 mil)
    Quarterly return on assets: 0.36% ($1.8 mil)
    Return on Equity (ROE): 2.76% ($2.0 mil)
    Quarterly return on equity: 2.52% ($1.8 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.60% ($2,966.8 mil)
    Quarterly Pretax return on assets: 0.53% ($2,620.7 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, 2011)

  • Dollar figures in thousands
  • 77Total employees (full-time equivalent)
  • $494,465Total assets
  • $32,937Cash and due from depository institutions
  • $28,003Interest-bearing balances
  • $201,533Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $223,553Net loans & leases
  • $3,342Loan loss allowance
  • $0Trading account assets
  • $14,265Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $494,465Life insurance assets
  • $22,177All other assets
  • $423,180Total liabilities and capital
  • $397,376Total liabilities
  • $364,464Total deposits
  • $397,376Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,000Trading liabilities
  • $0Other borrowed funds
  • $6,804Subordinated debt
  • $71,285All other liabilities
  • $71,285Total equity capital
  • $71,285Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $0Surplus
  • $70,785Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,864Income earned, not collected on loans
  • $0Earning assets
  • $2,719Long-term assets (5+ years)
  • $453,089Average Assets, year-to-date
  • $281,430Average Assets, quarterly
  • $490,394Volatile liabilities
  • $495,792Insider loans
  • $232,153FHLB advances
  • $494,611Loans and leases held for sale
  • $12,778Unused loan commitments
  • $9,266Tier 1 (core) risk-based capital
  • $73,316Tier 2 risk-based capital
  • $3,512Total risk weighted assets
  • $0Total unused commitments
  • $14,733Restructured Loans and leases
  • $2,103Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,194Total interest income
  • $4,385Total interest expense
  • $13,809Net interest income
  • $2,403Provision for loan and lease losses
  • $1,238Total noninterest income
  • $0Fiduciary activities
  • $138Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,100Additional noninterest income
  • $9,724Total noninterest expense
  • $5,744Salaries and employee benefits
  • $1,285Premises and equipment expense
  • $2,695Additional noninterest expense
  • $2,920Pre-tax net operating income
  • $0Securities gains (losses)
  • $959Applicable income taxes
  • $1,961Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,961Net income attributable to bank
  • $0Net charge-offs
  • $1,961Cash dividends
  • $1,691Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.03%Yield on earning assets
  • 0.97%Cost of funding earning assets
  • 3.06%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 2.16%Noninterest expense to earning assets
  • 0.40%Net operating income to assets
  • 0.40%Return on assets (ROA)
  • 0.60%Pretax return on assets
  • 2.76%Return on equity (ROE)
  • 2.76%Retained earnings to average equity (YTD only)
  • 0.73%Net charge-offs to loans
  • 142.11%Credit loss provision to net charge-offs
  • 3.15%Efficiency ratio
  • 64,624Assets per employee
  • 6.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.47%Loss allowance to noncurrent loans
  • 42.50%Noncurrent assets plus other real estate owned to assets
  • 1.59%Noncurrent loans to loans
  • 3.47%Net loans and leases to deposits
  • 56.26%Net loans and leases to core deposits
  • 57.00%Equity capital to assets
  • 14.42%Core capital (leverage) ratio
  • 14.82%Tier 1 risk-based capital ratio
  • 31.58%Total risk-based capital ratio
  • Memoranda
  • $33Average assets
  • $490,394Average earning assets
  • $70,974Average equity
  • $451,139Average loans

List of branches

  • 4 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07660Rsi Bank1500 Irving Street, Rahway, NJ 7065March 12, 1851Full Service Brick and Mortar
    1429945Rsi Bank2401 St. Georges Avenue, Rahway, NJ 7065April 01, 2004Full Service Brick and Mortar
    2442513Rsi Bank Branch52 Centennial Drive, Long Branch, NJ 7740June 27, 2005Full Service Brick and Mortar
    3471473Colonia Branch427 Lake Avenue, Colonia, NJ 7067August 06, 2007Full Service Brick and Mortar

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