Union County Savings Bank in Elizabeth, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


Union County Savings Bank - Overview

  • General
  • FDIC Certificate #: 12013
    Status: Active
    Federal Reserve ID: 373601
    Date Established: October 01, 1883
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 7656
    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: All Other Specialization > 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 320 North Broad Street, Elizabeth, NJ 7207
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $1,477.4 mil
    Equity capital: $186.4 mil
    Deposits held in domestic offices: $1,280.4 mil
    Return on assets (ROA): 0.74% ($10.9 mil)
    Quarterly return on assets: 0.02% ($0.3 mil)
    Return on Equity (ROE): 5.52% ($10.3 mil)
    Quarterly return on equity: 0.12% ($0.2 mil)
    Net income: $10.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.07% ($15,808.7 mil)
    Quarterly Pretax return on assets: 1.29% ($19,059.0 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
  • 42Total employees (full-time equivalent)
  • $1,477,444Total assets
  • $358,296Cash and due from depository institutions
  • $334,826Interest-bearing balances
  • $967,169Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $119,433Net loans & leases
  • $629Loan loss allowance
  • $0Trading account assets
  • $2,138Bank premises and fixed assets
  • $445Other real estate owned
  • $0Goodwill and other intangibles
  • $1,477,444Life insurance assets
  • $29,963All other assets
  • $1,291,057Total liabilities and capital
  • $1,280,446Total liabilities
  • $1,259,050Total deposits
  • $1,280,446Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $10,611Subordinated debt
  • $186,387All other liabilities
  • $186,387Total equity capital
  • $186,387Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $176,035Surplus
  • $10,352Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $18,386Income earned, not collected on loans
  • $17,943Earning assets
  • $9,632Long-term assets (5+ years)
  • $1,421,428Average Assets, year-to-date
  • $1,040,876Average Assets, quarterly
  • $1,408,584Volatile liabilities
  • $1,456,467Insider loans
  • $407,986FHLB advances
  • $1,432,131Loans and leases held for sale
  • $1,136Unused loan commitments
  • $1,136Tier 1 (core) risk-based capital
  • $185,371Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,961Restructured Loans and leases
  • $6Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $38,169Total interest income
  • $18,626Total interest expense
  • $19,543Net interest income
  • $37Provision for loan and lease losses
  • $98Total noninterest income
  • $0Fiduciary activities
  • $45Service charges on deposit accounts
  • $0Trading account gains & fees
  • $53Additional noninterest income
  • $8,047Total noninterest expense
  • $4,396Salaries and employee benefits
  • $463Premises and equipment expense
  • $3,188Additional noninterest expense
  • $11,557Pre-tax net operating income
  • $3,450Securities gains (losses)
  • $4,637Applicable income taxes
  • $10,370Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,370Net income attributable to bank
  • $0Net charge-offs
  • $10,370Cash dividends
  • $37Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.83%Yield on earning assets
  • 1.38%Cost of funding earning assets
  • 1.45%Net interest margin
  • 0.01%Noninterest income to earning assets
  • 0.60%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.74%Return on assets (ROA)
  • 1.07%Pretax return on assets
  • 5.52%Return on equity (ROE)
  • 5.52%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 313.35%Efficiency ratio
  • 40,970Assets per employee
  • 35.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.52%Loss allowance to noncurrent loans
  • 3.42%Noncurrent assets plus other real estate owned to assets
  • 1.27%Noncurrent loans to loans
  • 15.31%Net loans and leases to deposits
  • 9.33%Net loans and leases to core deposits
  • 9.57%Equity capital to assets
  • 12.62%Core capital (leverage) ratio
  • 12.94%Tier 1 risk-based capital ratio
  • 45.44%Total risk-based capital ratio
  • Memoranda
  • $46Average assets
  • $1,408,584Average earning assets
  • $187,746Average equity
  • $1,349,250Average loans

List of branches

  • 4 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07656Union County Savings Bank320 North Broad Street, Elizabeth, NJ 7207October 01, 1883Full Service Brick and Mortar
    1226213Broad Street Branch61 Broad Street, Elizabeth, NJ 7201April 07, 1958Full Service Brick and Mortar
    2226214Union BranchChestnut Street And Indian Run Pkwy., Union, NJ 7083September 13, 1975Full Service Brick and Mortar
    3226215Cranford Branch201 North Avenue West, Cranford, NJ 7016April 25, 1981Full Service Brick and Mortar

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