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

Schuyler Savings Bank - Overview

  • General
  • FDIC Certificate #: 30072
    Status: Active
    Federal Reserve ID: 657178
    Date Established: January 01, 1924
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 4683
    FDIC's unique #: 42906
    Numeric code: 42
    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 03, 1952
    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: 24 Davis Ave, Kearny, NJ 7032
    County: Hudson
    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): Jersey City, NJ (#3640)
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $116.8 mil
    Equity capital: $17.6 mil
    Deposits held in domestic offices: $97.9 mil
    Return on assets (ROA): 0.25% ($0.3 mil)
    Quarterly return on assets: 0.30% ($0.4 mil)
    Return on Equity (ROE): 1.69% ($0.3 mil)
    Quarterly return on equity: 1.98% ($0.4 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.36% ($420.5 mil)
    Quarterly Pretax return on assets: 0.40% ($467.3 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
  • 15Total employees (full-time equivalent)
  • $116,815Total assets
  • $18,525Cash and due from depository institutions
  • $17,628Interest-bearing balances
  • $29,351Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $63,281Net loans & leases
  • $951Loan loss allowance
  • $0Trading account assets
  • $1,423Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $116,816Life insurance assets
  • $4,235All other assets
  • $99,177Total liabilities and capital
  • $97,913Total liabilities
  • $96,719Total deposits
  • $97,913Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,264Subordinated debt
  • $17,639All other liabilities
  • $17,639Total equity capital
  • $17,639Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $17,639Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,076Income earned, not collected on loans
  • $0Earning assets
  • $445Long-term assets (5+ years)
  • $110,260Average Assets, year-to-date
  • $76,545Average Assets, quarterly
  • $118,562Volatile liabilities
  • $117,129Insider loans
  • $46,669FHLB advances
  • $116,929Loans and leases held for sale
  • $2,240Unused loan commitments
  • $2,240Tier 1 (core) risk-based capital
  • $17,357Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,948Restructured Loans and leases
  • $1,408Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,277Total interest income
  • $1,076Total interest expense
  • $3,201Net interest income
  • $155Provision for loan and lease losses
  • $165Total noninterest income
  • $0Fiduciary activities
  • $48Service charges on deposit accounts
  • $0Trading account gains & fees
  • $117Additional noninterest income
  • $2,788Total noninterest expense
  • $1,380Salaries and employee benefits
  • $355Premises and equipment expense
  • $1,053Additional noninterest expense
  • $423Pre-tax net operating income
  • $0Securities gains (losses)
  • $127Applicable income taxes
  • $296Income before extraordinary items
  • $0Extraordinary gains - net
  • $296Net income attributable to bank
  • $0Net charge-offs
  • $296Cash dividends
  • $198Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.80%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 2.85%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 2.48%Noninterest expense to earning assets
  • 0.25%Net operating income to assets
  • 0.25%Return on assets (ROA)
  • 0.36%Pretax return on assets
  • 1.69%Return on equity (ROE)
  • 1.69%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 78.28%Credit loss provision to net charge-offs
  • 2.92%Efficiency ratio
  • 82,828Assets per employee
  • 7.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.48%Loss allowance to noncurrent loans
  • 88.38%Noncurrent assets plus other real estate owned to assets
  • 0.92%Noncurrent loans to loans
  • 1.68%Net loans and leases to deposits
  • 64.63%Net loans and leases to core deposits
  • 67.02%Equity capital to assets
  • 15.10%Core capital (leverage) ratio
  • 14.84%Tier 1 risk-based capital ratio
  • 37.19%Total risk-based capital ratio
  • Memoranda
  • $38Average assets
  • $118,562Average earning assets
  • $17,469Average equity
  • $112,451Average loans

List of branches

  • 1 New Jersey Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042906Schuyler Savings Bank24 Davis Ave, Kearny, NJ 7032January 01, 1924Full Service Brick and Mortar

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