FDIC Certificate #: 30232 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Independence Community Bank (#16018) Federal Reserve ID: 237570 Date Established: September 28, 1943 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 5015 FDIC's unique #: 43066 Numeric code: 35 Regulator: OTS 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: September 28, 1943 Last Structure Change Effective Date: January 08, 2000 Last Structure Change Process Date: April 27, 2000 Last Data Update: April 27, 2000 Data Source Date: April 05, 2012
Location
Address: 70 Sip Avenue, Jersey City, NJ 7306 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)
Financial Summary
Total assets: $737.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
180Total employees (full-time equivalent)
$737,138Total assets
$9,946Cash and due from depository institutions
$0Interest-bearing balances
$295,984Securities
$0Federal funds sold & reverse repurchase agreements
$394,587Net loans & leases
$3,472Loan loss allowance
$0Trading account assets
$7,637Bank premises and fixed assets
$326Other real estate owned
$38Goodwill and other intangibles
$0Life insurance assets
$28,620All other assets
$737,138Total liabilities and capital
$688,251Total liabilities
$446,595Total deposits
$397,664Interest-bearing deposits
$446,595Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$234,600Other borrowed funds
$0Subordinated debt
$7,056All other liabilities
$48,887Total equity capital
$48,887Total bank equity capital
$48,887Perpetual preferred stock
$0Common stock
$0Surplus
$53,809Undivided profits
Memoranda
$-4,922Noncurrent loans and leases
$163,704Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,602Earning assets
$0Long-term assets (5+ years)
$2,340Average Assets, year-to-date
$690,571Average Assets, quarterly
$0Volatile liabilities
$737,898Insider loans
$740,358FHLB advances
$311,702Loans and leases held for sale
$7,317Unused loan commitments
$234,600Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$163,704Total unused commitments
$326Restructured Loans and leases
$3,472Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$52,086Total interest income
$26,154Total interest expense
$25,932Net interest income
$996Provision for loan and lease losses
$4,149Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$4,149Additional noninterest income
$23,374Total noninterest expense
$14,832Salaries and employee benefits
$3,607Premises and equipment expense
$4,935Additional noninterest expense
$5,711Pre-tax net operating income
$26Securities gains (losses)
$3,629Applicable income taxes
$2,108Income before extraordinary items
$0Extraordinary gains - net
$2,108Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$265Sale, conversion, retirement of capital stock, net
$4,500Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.45%Yield on earning assets
3.74%Cost of funding earning assets
3.71%Net interest margin
0.59%Noninterest income to earning assets
3.34%Noninterest expense to earning assets
0.28%Net operating income to assets
0.29%Return on assets (ROA)
0.78%Pretax return on assets
3.97%Return on equity (ROE)
-4.51%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
375.85%Credit loss provision to net charge-offs
25.31%Efficiency ratio
77,557Assets per employee
4.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
213.47%Loss allowance to loans
0.87%Loss allowance to noncurrent loans
216.73%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.40%Net loans and leases to deposits
88.35%Net loans and leases to core deposits
106.79%Equity capital to assets
6.63%Core capital (leverage) ratio
7.86%Tier 1 risk-based capital ratio
10.92%Total risk-based capital ratio
Memoranda
$12Average assets
$737,898Average earning assets
$53,064Average equity
$699,079Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Statewide Savings Bank, SLA.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: