Security Federal Savings Bank in Vineland, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 17, 1994

  • Security Federal Savings Bank in Vineland, New Jersey (NJ)
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Security Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 33748
    Status: Inactive
    Closing history: Conservatorship Institution Resolved
    Acquiring institution: Meridian Bank, New Jersey (#6493)
    Federal Reserve ID: 715171
    Date Established: December 04, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 10507
    FDIC's unique #: 47955
    Numeric code: 34
    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 04, 1992
    Last Structure Change Effective Date: June 17, 1994
    Last Structure Change Process Date: June 27, 1994
    Last Data Update: July 27, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 818 Landis Avenue, Vineland, NJ 8360
    County: Cumberland
    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): Vineland-Millville-Bridgeton, NJ (#8760)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Vineland-Millville-Bridgeton, NJ (#47220)
    CBSA Metro Statistical Area: Vineland-Millville-Bridgeton, NJ (#47220)
  • History of Changes
  • Pass Through Receivership Merger
    Corrections
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $666.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $355Total assets
  • $689,142Cash and due from depository institutions
  • $44,837Interest-bearing balances
  • $20,453Securities
  • $158,149Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $409,113Loan loss allowance
  • $44,519Trading account assets
  • $0Bank premises and fixed assets
  • $12,235Other real estate owned
  • $4,215Goodwill and other intangibles
  • $60,593Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $689,142Total liabilities
  • $754,111Total deposits
  • $509,283Interest-bearing deposits
  • $509,283Deposits held in domestic offices
  • 509283.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $236,000Subordinated debt
  • $0All other liabilities
  • $8,828Total equity capital
  • $8,828Total bank equity capital
  • $-64,969Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-64,969Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $57,742Income earned, not collected on loans
  • $3,054Earning assets
  • $587,715Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $879,411Average Assets, quarterly
  • $746,878Volatile liabilities
  • $255,065Insider loans
  • $0FHLB advances
  • $96,000Loans and leases held for sale
  • $0Unused loan commitments
  • $10,667Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-66,287Total risk weighted assets
  • $375,495Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $55,536Total interest expense
  • $38,365Net interest income
  • $17,171Provision for loan and lease losses
  • $39,673Total noninterest income
  • $5,063Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $5,063Total noninterest expense
  • $36,105Salaries and employee benefits
  • $8,912Premises and equipment expense
  • $5,480Additional noninterest expense
  • $21,713Pre-tax net operating income
  • -$53,544Securities gains (losses)
  • -$1,227Applicable income taxes
  • $0Income before extraordinary items
  • -$54,771Extraordinary gains - net
  • -$247Net income attributable to bank
  • -$55,018Net charge-offs
  • $1,351Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.16%Cost of funding earning assets
  • 4.94%Net interest margin
  • 2.21%Noninterest income to earning assets
  • 0.65%Noninterest expense to earning assets
  • 4.65%Net operating income to assets
  • -6.09%Return on assets (ROA)
  • -6.26%Pretax return on assets
  • -6.26%Return on equity (ROE)
  • 167.77%Retained earnings to average equity (YTD only)
  • 167.77%Net charge-offs to loans
  • 0.25%Credit loss provision to net charge-offs
  • 2936.57%Efficiency ratio
  • 162,386Assets per employee
  • 1.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 9.81%Loss allowance to noncurrent loans
  • 77.10%Noncurrent assets plus other real estate owned to assets
  • 8.92%Noncurrent loans to loans
  • 12.73%Net loans and leases to deposits
  • 80.33%Net loans and leases to core deposits
  • 83.46%Equity capital to assets
  • -9.43%Core capital (leverage) ratio
  • -9.83%Tier 1 risk-based capital ratio
  • -17.65%Total risk-based capital ratio
  • Memoranda
  • -$18Average assets
  • $879,411Average earning assets
  • -$32,793Average equity
  • $775,970Average loans
1
Ann M Reilly
⚠
Any value to Security Savings Bank, SLA stock certificate issued to my mother Mary Vastano on August 12th 1987 ?

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