Sturdy Savings Bank in Stone Harbor, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Sturdy Savings Bank in Stone Harbor, New Jersey (NJ)
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Sturdy Savings Bank - Overview

  • General
  • FDIC Certificate #: 28788
    Status: Active
    Federal Reserve ID: 391977
    Date Established: January 01, 1922
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 2365
    FDIC's unique #: 41622
    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: Commercial Lending Specialization
    Date of Deposit Insurance: April 22, 1943
    Last Structure Change Effective Date: April 02, 2009
    Last Structure Change Process Date: April 06, 2009
    Last Data Update: April 06, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 9417 Third Ave, Stone Harbor, NJ 8247
    County: Cape May
    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): Atlantic-Cape May, NJ (#560)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Core Based Statistical Area (CBSA): Ocean City, NJ (#36140)
    CBSA Metro Statistical Area: Ocean City, NJ (#36140)
  • Financial Summary
  • Total assets: $542.0 mil
    Equity capital: $65.6 mil
    Deposits held in domestic offices: $452.2 mil
    Return on assets (ROA): 0.29% ($1.6 mil)
    Quarterly return on assets: -0.14% (-$0.8 mil)
    Return on Equity (ROE): 2.35% ($1.6 mil)
    Quarterly return on equity: -1.15% (-$0.8 mil)
    Net income: $1.5 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: 0.33% ($1,788.7 mil)
    Quarterly Pretax return on assets: -0.39% (-$2,113.9 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
  • 116Total employees (full-time equivalent)
  • $542,024Total assets
  • $37,157Cash and due from depository institutions
  • $27,965Interest-bearing balances
  • $146,854Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $307,161Net loans & leases
  • $2,753Loan loss allowance
  • $0Trading account assets
  • $17,399Bank premises and fixed assets
  • $1,052Other real estate owned
  • $0Goodwill and other intangibles
  • $542,024Life insurance assets
  • $32,401All other assets
  • $476,424Total liabilities and capital
  • $452,196Total liabilities
  • $408,278Total deposits
  • $452,196Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 10000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $9,228Subordinated debt
  • $65,600All other liabilities
  • $65,600Total equity capital
  • $65,600Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $65,600Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $241Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,441Income earned, not collected on loans
  • $0Earning assets
  • $2,011Long-term assets (5+ years)
  • $481,980Average Assets, year-to-date
  • $147,029Average Assets, quarterly
  • $527,550Volatile liabilities
  • $546,635Insider loans
  • $328,910FHLB advances
  • $548,393Loans and leases held for sale
  • $22,304Unused loan commitments
  • $17,390Tier 1 (core) risk-based capital
  • $60,596Tier 2 risk-based capital
  • $2,305Total risk weighted assets
  • $2,609Total unused commitments
  • $65,646Restructured Loans and leases
  • $4,509Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,792Total interest income
  • $2,942Total interest expense
  • $16,850Net interest income
  • $958Provision for loan and lease losses
  • $2,053Total noninterest income
  • $0Fiduciary activities
  • $873Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,180Additional noninterest income
  • $16,204Total noninterest expense
  • $9,851Salaries and employee benefits
  • $1,695Premises and equipment expense
  • $4,658Additional noninterest expense
  • $1,741Pre-tax net operating income
  • $0Securities gains (losses)
  • $216Applicable income taxes
  • $1,525Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,525Net income attributable to bank
  • $0Net charge-offs
  • $1,525Cash dividends
  • $1,220Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.22%Yield on earning assets
  • 0.63%Cost of funding earning assets
  • 3.60%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 3.46%Noninterest expense to earning assets
  • 0.29%Net operating income to assets
  • 0.29%Return on assets (ROA)
  • 0.33%Pretax return on assets
  • 2.35%Return on equity (ROE)
  • 2.35%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • 78.52%Credit loss provision to net charge-offs
  • 2.21%Efficiency ratio
  • 85,722Assets per employee
  • 4.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.89%Loss allowance to noncurrent loans
  • 37.00%Noncurrent assets plus other real estate owned to assets
  • 1.57%Noncurrent loans to loans
  • 2.40%Net loans and leases to deposits
  • 67.93%Net loans and leases to core deposits
  • 71.00%Equity capital to assets
  • 12.10%Core capital (leverage) ratio
  • 11.05%Tier 1 risk-based capital ratio
  • 18.42%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $527,550Average earning assets
  • $64,861Average equity
  • $468,517Average loans

List of branches

  • 8 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041622Sturdy Savings Bank9417 Third Ave, Stone Harbor, NJ 8247January 01, 1922Full Service Brick and Mortar
    1270567Avalon Branch2628 Dune Drive, Avalon, NJ 8202January 01, 1922Full Service Brick and Mortar
    2270568Dennisville Branch1224 Route 47, Dennisville, NJ 8214January 01, 1922Full Service Brick and Mortar
    100270569North Cape May BranchBayshore & Ferry Rd, North Cape May, NJ 8204January 01, 1922Full Service Brick and Mortar
    101270570Cape May Court House Branch17 S Main St, Cape May Court House, NJ 8210January 01, 1922Full Service Brick and Mortar
    102270571Cape May Branch701 Washington Street, Cape May, NJ 8204January 10, 1994Full Service Brick and Mortar
    103462653Ocean City Branch101 East 34th Street, Ocean City, NJ 8226April 16, 2007Full Service Brick and Mortar
    104490270Asbury Avenue Branch661 Asbury Avenue, Ocean City, NJ 8226April 27, 2009Full Service Brick and Mortar

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