The Provident Bank in Jersey City, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Provident Bank - Overview

  • General
  • FDIC Certificate #: 12010
    Status: Active
    Federal Reserve ID: 204004
    Bank Holding Company (Regulatory Top Holder): Provident Financial Services, Inc. (RSSDID: 3133637, Location: Jersey City, NJ)
    Date Established: Febuary 28, 1839
    WWW: http://www.providentnj.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 83 (Domestic: 83, Interstate: No)
    OTS Docket #: 12865
    FDIC's unique #: 7655
    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: January 01, 1934
    Last Structure Change Effective Date: September 02, 2009
    Last Structure Change Process Date: July 27, 2010
    Last Data Update: July 27, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: Washington And York Streets, Jersey City, NJ 7303
    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: $7,097.5 mil
    Equity capital: $864.8 mil
    Deposits held in domestic offices: $5,186.9 mil
    Return on assets (ROA): 0.81% ($57.5 mil)
    Quarterly return on assets: 0.83% ($58.9 mil)
    Return on Equity (ROE): 6.61% ($57.2 mil)
    Quarterly return on equity: 6.75% ($58.4 mil)
    Net income: $56.3 mil
    Quarterly Net income: $14.6 mil
    Pretax return on assets: 1.09% ($77,362.9 mil)
    Quarterly Pretax return on assets: 1.13% ($80,201.9 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
  • 906Total employees (full-time equivalent)
  • $7,097,514Total assets
  • $68,553Cash and due from depository institutions
  • $14,188Interest-bearing balances
  • $1,725,208Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $4,579,158Net loans & leases
  • $74,351Loan loss allowance
  • $0Trading account assets
  • $66,260Bank premises and fixed assets
  • $12,090Other real estate owned
  • $360,714Goodwill and other intangibles
  • $7,097,514Life insurance assets
  • $285,531All other assets
  • $6,232,504Total liabilities and capital
  • $5,186,928Total liabilities
  • $4,461,339Total deposits
  • $5,186,928Interest-bearing deposits
  • $76Deposits held in domestic offices
  • 371833.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $611,132Trading liabilities
  • $0Other borrowed funds
  • $62,611Subordinated debt
  • $865,010All other liabilities
  • $864,846Total equity capital
  • $864,846Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $990,897Surplus
  • $-126,551Undivided profits
  • Memoranda
  • $164Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $122,549Income earned, not collected on loans
  • $3,785Earning assets
  • $24,653Long-term assets (5+ years)
  • $6,318,554Average Assets, year-to-date
  • $3,499,193Average Assets, quarterly
  • $6,919,046Volatile liabilities
  • $7,047,590Insider loans
  • $4,562,026FHLB advances
  • $6,682,978Loans and leases held for sale
  • $142,010Unused loan commitments
  • $77,657Tier 1 (core) risk-based capital
  • $496,139Tier 2 risk-based capital
  • $679Total risk weighted assets
  • $63,674Total unused commitments
  • $747,021Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $275,716Total interest income
  • $62,344Total interest expense
  • $213,372Net interest income
  • $28,900Provision for loan and lease losses
  • $31,814Total noninterest income
  • $3,899Fiduciary activities
  • $10,174Service charges on deposit accounts
  • $0Trading account gains & fees
  • $17,741Additional noninterest income
  • $141,114Total noninterest expense
  • $74,904Salaries and employee benefits
  • $21,131Premises and equipment expense
  • $45,079Additional noninterest expense
  • $75,172Pre-tax net operating income
  • $406Securities gains (losses)
  • $19,264Applicable income taxes
  • $56,314Income before extraordinary items
  • $0Extraordinary gains - net
  • $56,314Net income attributable to bank
  • $0Net charge-offs
  • $56,314Cash dividends
  • $23,271Sale, conversion, retirement of capital stock, net
  • $26,900Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.50%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 3.48%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 2.30%Noninterest expense to earning assets
  • 0.81%Net operating income to assets
  • 0.81%Return on assets (ROA)
  • 1.09%Pretax return on assets
  • 6.61%Return on equity (ROE)
  • 3.45%Retained earnings to average equity (YTD only)
  • 0.52%Net charge-offs to loans
  • 124.19%Credit loss provision to net charge-offs
  • 4.47%Efficiency ratio
  • 56,449Assets per employee
  • 7.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.77%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 60.67%Noncurrent assets plus other real estate owned to assets
  • 1.90%Noncurrent loans to loans
  • 2.63%Net loans and leases to deposits
  • 88.28%Net loans and leases to core deposits
  • 90.14%Equity capital to assets
  • 12.19%Core capital (leverage) ratio
  • 7.42%Tier 1 risk-based capital ratio
  • 10.88%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $6,919,046Average earning assets
  • $852,023Average equity
  • $6,132,824Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,129,067Managed Assets
  • 1Number of Accounts
  • $975,961Personal trust and agency accounts
  • $229,479Employee benefit-defined contribution accounts
  • $1,995Employee benefit-defined benefit accounts
  • $41,311Other retirement accounts
  • $116,858Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $581,909Other fiduciary accounts
  • $4,409Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1390Number of Accounts
  • $0Personal trust and agency accounts
  • $116,858Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $153,106Other retirement accounts
  • $144,436Corporate trust and agency accounts
  • $1,116Other fiduciary accounts
  • $530Fiduciary accounts held in foreign offices

List of branches

  • 83 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07655The Provident BankWashington And York Streets, Jersey City, NJ 7303Febuary 28, 1839Full Service Brick and Mortar
    1226167Heights Branch3670 Kennedy Boulevard, Jersey City, NJ 7307June 27, 1964Full Service Brick and Mortar
    2226168Bergen Avenue Branch533 Bergen Avenue, Jersey City, NJ 7304Febuary 28, 1839Full Service Brick and Mortar
    3226169Greenville Branch1553 Kennedy Boulevard, Jersey City, NJ 7305June 29, 1963Full Service Brick and Mortar
    4226170Lafayette Branch350 Communipaw Avenue, Jersey City, NJ 7304July 01, 1946Full Service Brick and Mortar
    5226171Journal Square Branch895 Bergen Avenue, Jersey City, NJ 7306December 30, 1965Full Service Brick and Mortar
    622617255th Street Branch5410 Bergenline Avenue, West New York, NJ 7093October 31, 1970Full Service Brick and Mortar
    722617360th Street Branch6002 Broadway, West New York, NJ 7093December 21, 1970Limited Service Facility
    8226174Dumont Branch21 Washington Avenue, Dumont, NJ 7628August 19, 1972Full Service Brick and Mortar
    9226175Leonia Branch320-322 Broad Avenue, Leonia, NJ 7605December 02, 1972Full Service Brick and Mortar
    10226176Bayonne 20th St Branch464 - 472 Avenue C, Bayonne, NJ 7002September 07, 1974Full Service Brick and Mortar
    1122617738th Street Branch3720 Bergenline Avenue, Union City, NJ 7087August 16, 1975Full Service Brick and Mortar
    1322617962 Nd Street Branch6141 Bergenline Avenue, West New York, NJ 7093October 16, 1976Full Service Brick and Mortar
    14226180Teaneck Branch464 Cedar Lane, Teaneck, NJ 7666November 13, 1976Full Service Brick and Mortar
    15226181Belleville Branch208-218 Washington Avenue, Belleville, NJ 7109December 18, 1976Full Service Brick and Mortar
    16226182Point Pleasant Beach Branch604-610 Laurel Avenue, Point Pleasant Beach, NJ 8742June 11, 1977Full Service Brick and Mortar
    17226183Bayonne 26th St Branch569 Broadway, Bayonne, NJ 7002June 04, 1977Full Service Brick and Mortar
    19226185Ocean Township1502 Route 35 South, Ocean Township, NJ 7712November 02, 1977Full Service Brick and Mortar
    204264Dunellen Branch333 North Avenue, Dunellen, NJ 8812Febuary 24, 1907Full Service Brick and Mortar
    21209419Green Brook Branch930 North Washington Avenue, Green Brook, NJ 8812November 21, 1970Full Service Brick and Mortar
    22226186East Windsor Branch509 Route 130, East Windsor, NJ 8520April 01, 1978Full Service Brick and Mortar
    3010356Bloomfield Center Branch11 Broad Street, Bloomfield, NJ 7003January 01, 1871Full Service Brick and Mortar
    31237394Brookdale Branch1260 Broad Street, Bloomfield, NJ 7003March 03, 1947Full Service Brick and Mortar
    32237395Ampere Parkway Branch100 Bloomfield Avenue, Bloomfield, NJ 7003July 21, 1961Full Service Brick and Mortar
    34238466Wall Township Branch2015 Route 35 South, Wall Township, NJ 7719April 30, 1979Full Service Brick and Mortar
    35226195Rues Lane Branch308 Rues Lane, East Brunswick, NJ 8816March 02, 1985Full Service Brick and Mortar
    36226196Toms River Branch953 Fischer Boulevard, Toms River, NJ 8753October 29, 1988Full Service Brick and Mortar
    37226197Roseland Branch161 Eagle Rock Avenue, Roseland, NJ 7068December 02, 1989Full Service Brick and Mortar
    38226198Metropark Admin Office100 Wood Avenue South, Iselin, NJ 8830April 19, 1988Limited Service Administrative
    4046268Manasquan Branch205 Main Street, Manasquan, NJ 8736May 04, 1990Full Service Brick and Mortar
    43278746Ocean Grove40 Main Ave, Ocean Grove, NJ 7756January 01, 1923Full Service Brick and Mortar
    44226251Hillsborough Branch425 Route 206, Hillsborough, NJ 8844December 08, 1979Full Service Brick and Mortar
    45226199Brick Branch1930 Route 88, Brick, NJ 8724April 30, 1994Full Service Brick and Mortar
    46226200Berkeley Township Branch1 Plaza Drive, Toms River, NJ 8757October 08, 1994Full Service Brick and Mortar
    47278510South Orange Branch159 South Orange Avenue, South Orange, NJ 7079September 28, 1939Full Service Brick and Mortar
    48226201Hoboken Branch77 River Street, Hoboken, NJ 7030October 23, 1995Full Service Brick and Mortar
    49226202Montgomery Township Branch2162 Rt. 206 South, Belle Mead, NJ 8502Febuary 10, 1996Full Service Brick and Mortar
    50226203Freehold Township Branch4331 Route 9 North And Pond Road, Freehold, NJ 7728June 22, 1996Full Service Brick and Mortar
    51226204New Providence Branch65 South Street, New Providence, NJ 7974November 23, 1996Full Service Brick and Mortar
    53226206Monroe Branch170 Overlook Drive, Monroe, NJ 8831July 26, 1997Full Service Brick and Mortar
    55226208South Freehold Branch3514 Route 9 South, Freehold, NJ 7728April 25, 1998Full Service Brick and Mortar
    5743047Kearny Branch249 Kearny Ave, Kearny, NJ 7032October 01, 1942Full Service Brick and Mortar
    62226210Centennial Square Plaza Branch1297 Centennial Avenue, Piscataway, NJ 8854April 19, 1999Full Service Brick and Mortar
    65361244Bridgewater Branch715 Promenade Boulevard Unit 2, Bridgewater, NJ 8807August 13, 2001Full Service Brick and Mortar
    70258590Howell Branch4074 Route 9, Howell, NJ 7731April 07, 1999Full Service Brick and Mortar
    72423020North Brunswick Branch2750 Route 27 North, North Brunswick, NJ 8902October 08, 2003Full Service Brick and Mortar
    73430992Hazlet Branch765 Poole Avenue, Hazlet, NJ 7730August 07, 2004Full Service Brick and Mortar
    7443089Woodbridge Center Branch1000 Woodbridge Center Drive, Woodbridge, NJ 7095January 01, 1901Full Service Brick and Mortar
    75279386Edison980 Amboy Avenue, Edison, NJ 8837January 01, 1901Full Service Brick and Mortar
    76279387Woodbridge325 Amboy Avenue, Woodbridge, NJ 7095January 01, 1901Full Service Brick and Mortar
    77279388Hopelawn101 New Brunswick Avenue, Hopelawn, NJ 8861January 01, 1901Full Service Retail
    78279389Iselin1220 Green Street, Iselin, NJ 8830January 01, 1901Full Service Brick and Mortar
    79279390Old Bridge3889 Route 516, Old Bridge, NJ 8857January 01, 1901Full Service Brick and Mortar
    80279392North Edison2100 Oak Tree Road, Edison, NJ 8820January 01, 1901Full Service Brick and Mortar
    81279393Fords Branch33 Lafayette Road, Fords, NJ 8863January 01, 1901Full Service Brick and Mortar
    82267270South Hazlet Branch3044 Route 35, Hazlet, NJ 7730January 01, 1910Full Service Brick and Mortar
    83267322Middletown1580 Route 35, Middletown, NJ 7748January 01, 1910Full Service Brick and Mortar
    84263172Piscataway100 Stelton Road, Piscataway, NJ 8854January 01, 1929Full Service Brick and Mortar
    85263175Fanwood206 South Avenue, Fanwood, NJ 7023January 01, 1929Full Service Brick and Mortar
    86278524Metuchen599 Middlesex Avenue, Metuchen, NJ 8840September 28, 1939Full Service Brick and Mortar
    8744411Milltown97 North Main Street, Milltown, NJ 8850January 01, 1910Full Service Brick and Mortar
    8844183South River6 Jackson Street, South River, NJ 8882January 01, 1916Full Service Brick and Mortar
    89284475South Amboy600 Washington Avenue, South Amboy, NJ 8879January 01, 1916Full Service Brick and Mortar
    90284476Monroe-Applegarth Branch225 Prospect Plains Road, Monroe Township, NJ 8831January 01, 1916Full Service Brick and Mortar
    91284477East Brunswick213 Summerhill Road, East Brunswick, NJ 8816November 08, 1997Full Service Brick and Mortar
    92357315Perth Amboy339 State Street, Perth Amboy, NJ 8861April 03, 1997Full Service Brick and Mortar
    93357317Highland Park301-303 Raritan Avenue, Highland Park, NJ 8904June 15, 1998Full Service Brick and Mortar
    94357318Spotswood371 Spotswood Englishtown Road, Monroe Township, NJ 8831May 01, 1999Full Service Brick and Mortar
    9643938030 Hudson Street30 Hudson Street, Jersey City, NJ 7302November 16, 2004Full Service Brick and Mortar
    9713717Convent Station Branch250 Madison Avenue, Morristown, NJ 7960June 25, 1969Full Service Brick and Mortar
    98250057Morris Plains Branch381 Speedwell Avenue, Morris Plains, NJ 7950March 20, 1972Full Service Brick and Mortar
    99250059Ridgedale Branch166 Ridgedale Avenue, Morristown, NJ 7960June 18, 1982Full Service Brick and Mortar
    100250060North Park Place Branch24 North Park Place, Morristown, NJ 7960May 10, 1984Full Service Brick and Mortar
    101250061Denville Branch41 Broadway, Denville, NJ 7834March 04, 1987Full Service Brick and Mortar
    102250062Madison Branch98 Main Street, Madison, NJ 7940May 07, 1990Full Service Brick and Mortar
    103250063Dover Branch340 Route 46 East, Dover, NJ 7801June 30, 1997Full Service Brick and Mortar
    104250064Randolph1185 Sussex Turnpike, Randolph, NJ 7869May 25, 1999Full Service Brick and Mortar
    105431760Mendham Branch95 East Main Street, Mendham, NJ 7945August 20, 2004Full Service Brick and Mortar
    106469905Parsippany Branch401 Smith Road, Parsippany, NJ 7054November 23, 2007Full Service Brick and Mortar
    107493625Clifton Branch562 Lexington Avenue, Clifton, NJ 7011July 23, 2009Full Service Brick and Mortar
    109512301Newark Branch115-119 Ferry Street, Newark, NJ 7105September 19, 2009Full Service Brick and Mortar
    110512302Matawan Branch445 Route 34, Matawan, NJ 7747September 26, 2009Full Service Brick and Mortar
    111520827Metropark Branch100 Wood Avenue South, Iselin, NJ 8830June 01, 2011Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Provident Bank.
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.
Table of Contents