Washington Savings Bank in Hoboken, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1994

  • Washington Savings Bank in Hoboken, New Jersey (NJ)
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Washington Savings Bank - Overview

  • General
  • FDIC Certificate #: 12023
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Hudson United Bank (#12256)
    Federal Reserve ID: 91400
    Date Established: March 20, 1857
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 8 (Interstate: No)
    OTS Docket #: 7741
    FDIC's unique #: 7663
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 01, 1994
    Last Structure Change Process Date: August 09, 1994
    Last Data Update: August 09, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 Washington Street, Hoboken, NJ 7030
    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: $271.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $94Total assets
  • $282,755Cash and due from depository institutions
  • $4,283Interest-bearing balances
  • $1,734Securities
  • $92,264Federal funds sold & reverse repurchase agreements
  • $1,900Net loans & leases
  • $170,185Loan loss allowance
  • $2,828Trading account assets
  • $0Bank premises and fixed assets
  • $2,614Other real estate owned
  • $7,078Goodwill and other intangibles
  • $4,431Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $282,755Total liabilities
  • $250,096Total deposits
  • $248,321Interest-bearing deposits
  • $237,028Deposits held in domestic offices
  • 248321.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $400Subordinated debt
  • $0All other liabilities
  • $1,375Total equity capital
  • $1,375Total bank equity capital
  • $32,659Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $19,084Undivided profits
  • Memoranda
  • $11,575Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,949Income earned, not collected on loans
  • $1,225Earning assets
  • $266,083Long-term assets (5+ years)
  • $58,521Average Assets, year-to-date
  • $285,312Average Assets, quarterly
  • $283,744Volatile liabilities
  • $9,028Insider loans
  • $179FHLB advances
  • $0Loans and leases held for sale
  • $4,852Unused loan commitments
  • $8,448Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $32,473Total risk weighted assets
  • $141,731Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $18,558Total interest expense
  • $8,813Net interest income
  • $9,745Provision for loan and lease losses
  • $420Total noninterest income
  • $1,569Fiduciary activities
  • $0Service charges on deposit accounts
  • $186Trading account gains & fees
  • $0Additional noninterest income
  • $1,383Total noninterest expense
  • $9,410Salaries and employee benefits
  • $3,468Premises and equipment expense
  • $797Additional noninterest expense
  • $5,145Pre-tax net operating income
  • $1,484Securities gains (losses)
  • $22Applicable income taxes
  • -$1,018Income before extraordinary items
  • $2,524Extraordinary gains - net
  • $300Net income attributable to bank
  • $2,824Net charge-offs
  • $368Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.94%Cost of funding earning assets
  • 3.29%Net interest margin
  • 3.64%Noninterest income to earning assets
  • 0.59%Noninterest expense to earning assets
  • 3.52%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 0.99%Pretax return on assets
  • 0.63%Return on equity (ROE)
  • 9.06%Retained earnings to average equity (YTD only)
  • 9.06%Net charge-offs to loans
  • 0.19%Credit loss provision to net charge-offs
  • 114.13%Efficiency ratio
  • 83,171Assets per employee
  • 3.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 21.84%Noncurrent assets plus other real estate owned to assets
  • 7.08%Noncurrent loans to loans
  • 7.48%Net loans and leases to deposits
  • 68.53%Net loans and leases to core deposits
  • 71.00%Equity capital to assets
  • 11.55%Core capital (leverage) ratio
  • 11.47%Tier 1 risk-based capital ratio
  • 22.91%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $285,312Average earning assets
  • $31,154Average equity
  • $267,492Average loans

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