FDIC Certificate #: 34851 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:New York Community Bank (#16022) Federal Reserve ID: 540784 Date Established: January 01, 1952 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 14617 FDIC's unique #: 61810 Numeric code: 34 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: May 01, 1998 Last Structure Change Effective Date: October 01, 2007 Last Structure Change Process Date: October 11, 2007 Last Data Update: October 11, 2007 Data Source Date: April 05, 2012
Location
Address: 310 North Avenue East, Cranford, NJ 7016 County: Union 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): Newark, NJ (#5640) 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: Newark-Union, NJ-PA (#35084)
Financial Summary
Total assets: $912.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
155Total employees (full-time equivalent)
$981,181Total assets
$10,079Cash and due from depository institutions
$4,406Interest-bearing balances
$142,323Securities
$0Federal funds sold & reverse repurchase agreements
$764,914Net loans & leases
$5,989Loan loss allowance
$0Trading account assets
$20,104Bank premises and fixed assets
$0Other real estate owned
$631Goodwill and other intangibles
$21,816Life insurance assets
$43,130All other assets
$981,181Total liabilities and capital
$892,525Total liabilities
$649,557Total deposits
$582,862Interest-bearing deposits
$649,557Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$240,275Other borrowed funds
$0Subordinated debt
$2,693All other liabilities
$88,656Total equity capital
$88,656Total bank equity capital
$88,656Perpetual preferred stock
$0Common stock
$1Surplus
$59,419Undivided profits
Memoranda
$29,236Noncurrent loans and leases
$62,571Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$422Earning assets
$0Long-term assets (5+ years)
$3,832Average Assets, year-to-date
$911,643Average Assets, quarterly
$0Volatile liabilities
$982,195Insider loans
$985,398FHLB advances
$418,661Loans and leases held for sale
$4,270Unused loan commitments
$235,675Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$62,571Total unused commitments
$6Restructured Loans and leases
$5,989Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$55,183Total interest income
$31,729Total interest expense
$23,454Net interest income
$970Provision for loan and lease losses
$2,944Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$2,944Additional noninterest income
$18,950Total noninterest expense
$11,677Salaries and employee benefits
$3,176Premises and equipment expense
$4,097Additional noninterest expense
$6,478Pre-tax net operating income
$0Securities gains (losses)
$2,236Applicable income taxes
$4,242Income before extraordinary items
$0Extraordinary gains - net
$4,242Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$743Sale, conversion, retirement of capital stock, net
$4,009Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.00%Yield on earning assets
3.45%Cost of funding earning assets
2.55%Net interest margin
0.32%Noninterest income to earning assets
2.06%Noninterest expense to earning assets
0.43%Net operating income to assets
0.43%Return on assets (ROA)
0.66%Pretax return on assets
4.88%Return on equity (ROE)
0.27%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
130.55%Credit loss provision to net charge-offs
10.02%Efficiency ratio
71,361Assets per employee
6.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
94.51%Loss allowance to loans
0.78%Loss allowance to noncurrent loans
1419.19%Noncurrent assets plus other real estate owned to assets
0.04%Noncurrent loans to loans
0.05%Net loans and leases to deposits
117.76%Net loans and leases to core deposits
162.34%Equity capital to assets
9.04%Core capital (leverage) ratio
9.05%Tier 1 risk-based capital ratio
11.64%Total risk-based capital ratio
Memoranda
$12Average assets
$982,195Average earning assets
$86,947Average equity
$919,291Average loans
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