Union County Savings Bank in Elizabeth, New Jersey (NJ)



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Union County Savings Bank routing number info

Table of contents:
Union County Savings Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)42
Total assets$1,477,444
Cash and due from depository institutions$358,296
Interest-bearing balances$334,826
Securities$967,169
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$119,433
Loan loss allowance $629
Trading account assets$0
Bank premises and fixed assets$2,138
Other real estate owned$445
Goodwill and other intangibles$0
All other assets$29,963
Life insurance assets$1,477,444
Total liabilities and capital$1,291,057
Total liabilities$1,280,446
Total deposits$1,259,050
Interest-bearing deposits$1,280,446
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $10,611
All other liabilities $186,387
Total equity capital$186,387
Total bank equity capital$186,387
Perpetual preferred stock$0
Common stock$0
Surplus$176,035
Undivided profits $10,352
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $18,386
Earning assets $17,943
Long-term assets (5+ years) $9,632
Average Assets, year-to-date $1,421,428
Average Assets, quarterly $1,040,876
Volatile liabilities $1,408,584
Insider loans $1,456,467
FHLB advances $407,986
Loans and leases held for sale $1,432,131
Unused loan commitments $1,136
Tier 1 (core) risk-based capital $1,136
Tier 2 risk-based capital $185,371
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $11,961
Derivatives$6
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $38,169
Total interest expense $18,626
Net interest income $19,543
Provision for loan and lease losses $37
Total noninterest income $98
Fiduciary activities $0
Service charges on deposit accounts $45
Trading account gains & fees $0
Additional noninterest income $53
Total noninterest expense $8,047
Salaries and employee benefits $4,396
Premises and equipment expense $463
Additional noninterest expense $3,188
Pre-tax net operating income $11,557
Securities gains (losses) $3,450
Applicable income taxes $4,637
Income before extraordinary items $10,370
Extraordinary gains - net $0
Net income attributable to bank $10,370
Net charge-offs $0
Cash dividends $10,370
Sale, conversion, retirement of capital stock, net $37
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets2.83%
Cost of funding earning assets 1.38%
Net interest margin 1.45%
Noninterest income to earning assets 0.01%
Noninterest expense to earning assets 0.60%
Net operating income to assets 0.57%
Return on assets (ROA) 0.74%
Pretax return on assets 1.07%
Return on equity (ROE) 5.52%
Retained earnings to average equity (YTD only) 5.52%
Net charge-offs to loans 0.03%
Credit loss provision to net charge-offs 100.00%
Efficiency ratio313.35%
Assets per employee$40,970
Cash dividends to net income (YTD only)35.18%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.52%
Noncurrent assets plus other real estate owned to assets 3.42%
Noncurrent loans to loans 1.27%
Net loans and leases to deposits15.31%
Net loans and leases to core deposits 9.33%
Equity capital to assets 9.57%
Core capital (leverage) ratio 12.62%
Tier 1 risk-based capital ratio 12.94%
Total risk-based capital ratio 45.44%
Memoranda
Average assets$46
Average earning assets$1,408,584
Average equity $187,746
Average loans $1,349,250
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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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