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

This bank is inactive as of June 29, 2001

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

  • General
  • FDIC Certificate #: 28632
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Boiling Springs Savings Bank (#30052)
    Federal Reserve ID: 197571
    Date Established: January 01, 1885
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 1995
    FDIC's unique #: 41466
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 06, 1940
    Last Structure Change Effective Date: June 29, 2001
    Last Structure Change Process Date: July 17, 2001
    Last Data Update: July 17, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 55 North Broad Street, Ridgewood, NJ 7450
    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)
  • Financial Summary
  • Total assets: $292.6 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, 2000)

  • Dollar figures in thousands
  • 42Total employees (full-time equivalent)
  • $285,753Total assets
  • $15,043Cash and due from depository institutions
  • $13,132Interest-bearing balances
  • $74,795Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $184,614Net loans & leases
  • $1,001Loan loss allowance
  • $0Trading account assets
  • $8,663Bank premises and fixed assets
  • $0Other real estate owned
  • $20Goodwill and other intangibles
  • $0Life insurance assets
  • $2,618All other assets
  • $285,753Total liabilities and capital
  • $262,658Total liabilities
  • $232,937Total deposits
  • $227,102Interest-bearing deposits
  • $232,937Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $28,906Other borrowed funds
  • $0Subordinated debt
  • $815All other liabilities
  • $23,095Total equity capital
  • $23,095Total bank equity capital
  • $23,095Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $23,095Noncurrent loans and leases
  • $18,927Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $904Average Assets, year-to-date
  • $272,541Average Assets, quarterly
  • $201,013Volatile liabilities
  • $280,171Insider loans
  • $285,431FHLB advances
  • $32,462Loans and leases held for sale
  • $287Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $18,927Total unused commitments
  • $0Restructured Loans and leases
  • $1,001Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $18,263Total interest income
  • $12,885Total interest expense
  • $5,378Net interest income
  • $86Provision for loan and lease losses
  • $207Total noninterest income
  • $0Fiduciary activities
  • $110Service charges on deposit accounts
  • $0Trading account gains & fees
  • $97Additional noninterest income
  • $4,713Total noninterest expense
  • $2,199Salaries and employee benefits
  • $896Premises and equipment expense
  • $1,618Additional noninterest expense
  • $786Pre-tax net operating income
  • $5Securities gains (losses)
  • -$40Applicable income taxes
  • $831Income before extraordinary items
  • $0Extraordinary gains - net
  • $831Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $9Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.86%Yield on earning assets
  • 4.84%Cost of funding earning assets
  • 2.02%Net interest margin
  • 0.08%Noninterest income to earning assets
  • 1.77%Noninterest expense to earning assets
  • 0.29%Net operating income to assets
  • 0.30%Return on assets (ROA)
  • 0.28%Pretax return on assets
  • 3.84%Return on equity (ROE)
  • 3.84%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 955.56%Credit loss provision to net charge-offs
  • 96.89%Efficiency ratio
  • 84,387Assets per employee
  • 6.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.54%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 79.25%Net loans and leases to core deposits
  • 89.85%Equity capital to assets
  • 8.08%Core capital (leverage) ratio
  • 8.31%Tier 1 risk-based capital ratio
  • 16.70%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $280,171Average earning assets
  • $21,665Average equity
  • $266,273Average loans

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