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

This bank is inactive as of March 31, 1999

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

  • General
  • FDIC Certificate #: 12016
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Trust Bank (#6308)
    Federal Reserve ID: 1000306
    Date Established: April 18, 1869
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 7 (Interstate: No)
    OTS Docket #: 12712
    FDIC's unique #: 7659
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 1999
    Last Structure Change Process Date: April 14, 1999
    Last Data Update: April 14, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 9 West Somerset Street, Raritan, NJ 8869
    County: Somerset
    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): Middlesex-Somerset-Hunterdon, NJ (#5015)
    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: Edison-New Brunswick, NJ (#20764)
  • Financial Summary
  • Total assets: $431.5 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 87Total employees (full-time equivalent)
  • $431,533Total assets
  • $11,020Cash and due from depository institutions
  • $4,867Interest-bearing balances
  • $52,956Securities
  • $50,100Federal funds sold & reverse repurchase agreements
  • $299,138Net loans & leases
  • $3,592Loan loss allowance
  • $0Trading account assets
  • $5,718Bank premises and fixed assets
  • $475Other real estate owned
  • $315Goodwill and other intangibles
  • $0Life insurance assets
  • $11,811All other assets
  • $431,533Total liabilities and capital
  • $397,780Total liabilities
  • $359,808Total deposits
  • $326,739Interest-bearing deposits
  • $359,808Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $35,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $9Other borrowed funds
  • $0Subordinated debt
  • $2,963All other liabilities
  • $33,753Total equity capital
  • $33,753Total bank equity capital
  • $33,753Perpetual preferred stock
  • $0Common stock
  • $600Surplus
  • $9,940Undivided profits
  • Memoranda
  • $23,213Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,589Earning assets
  • $0Long-term assets (5+ years)
  • $1,493Average Assets, year-to-date
  • $407,061Average Assets, quarterly
  • $102,625Volatile liabilities
  • $425,312Insider loans
  • $432,429FHLB advances
  • $54,723Loans and leases held for sale
  • $6,468Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $42,807Total unused commitments
  • $0Restructured Loans and leases
  • $261,244Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $29,743Total interest income
  • $16,385Total interest expense
  • $13,358Net interest income
  • $300Provision for loan and lease losses
  • $1,243Total noninterest income
  • $0Fiduciary activities
  • $582Service charges on deposit accounts
  • $0Trading account gains & fees
  • $661Additional noninterest income
  • $8,196Total noninterest expense
  • $4,226Salaries and employee benefits
  • $1,835Premises and equipment expense
  • $2,135Additional noninterest expense
  • $6,105Pre-tax net operating income
  • $41Securities gains (losses)
  • $1,845Applicable income taxes
  • $4,301Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,301Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $14Sale, conversion, retirement of capital stock, net
  • $1,510Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.44%Yield on earning assets
  • 4.10%Cost of funding earning assets
  • 3.34%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 2.05%Noninterest expense to earning assets
  • 1.00%Net operating income to assets
  • 1.01%Return on assets (ROA)
  • 1.45%Pretax return on assets
  • 13.39%Return on equity (ROE)
  • 8.69%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 2142.86%Credit loss provision to net charge-offs
  • 457.50%Efficiency ratio
  • 55,339Assets per employee
  • 4.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.11%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 226.05%Noncurrent assets plus other real estate owned to assets
  • 0.48%Noncurrent loans to loans
  • 0.52%Net loans and leases to deposits
  • 83.14%Net loans and leases to core deposits
  • 87.96%Equity capital to assets
  • 7.82%Core capital (leverage) ratio
  • 7.52%Tier 1 risk-based capital ratio
  • 12.39%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $425,312Average earning assets
  • $32,122Average equity
  • $399,524Average loans

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