Wayne Savings Bank, F.S.B. in Wayne, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 16, 1998

  • Wayne Savings Bank, F.S.B. in Wayne, New Jersey (NJ)
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Wayne Savings Bank, F.S.B. - Overview

  • General
  • FDIC Certificate #: 28728
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Valley National Bank (#9396)
    Federal Reserve ID: 567277
    Date Established: January 01, 1921
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2243
    FDIC's unique #: 41562
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: June 02, 1947
    Last Structure Change Effective Date: October 16, 1998
    Last Structure Change Process Date: November 05, 1998
    Last Data Update: November 05, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 1255 Hamburg Turnpike, Wayne, NJ 7470
    County: Passaic
    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): Bergen-Passaic, NJ (#875)
    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: $270.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 63Total employees (full-time equivalent)
  • $269,495Total assets
  • $6,838Cash and due from depository institutions
  • $5,267Interest-bearing balances
  • $75,514Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $179,213Net loans & leases
  • $2,024Loan loss allowance
  • $0Trading account assets
  • $3,213Bank premises and fixed assets
  • $186Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,531All other assets
  • $269,495Total liabilities and capital
  • $241,405Total liabilities
  • $199,981Total deposits
  • $188,279Interest-bearing deposits
  • $199,981Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $36,837Other borrowed funds
  • $0Subordinated debt
  • $4,587All other liabilities
  • $28,090Total equity capital
  • $28,090Total bank equity capital
  • $28,090Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $10,772Undivided profits
  • Memoranda
  • $17,317Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,328Earning assets
  • $0Long-term assets (5+ years)
  • $799Average Assets, year-to-date
  • $259,994Average Assets, quarterly
  • $0Volatile liabilities
  • $257,503Insider loans
  • $268,152FHLB advances
  • $56,523Loans and leases held for sale
  • $728Unused loan commitments
  • $32,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $29,014Total unused commitments
  • $0Restructured Loans and leases
  • $122,784Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $18,625Total interest income
  • $10,380Total interest expense
  • $8,245Net interest income
  • $400Provision for loan and lease losses
  • $1,016Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,016Additional noninterest income
  • $5,672Total noninterest expense
  • $3,051Salaries and employee benefits
  • $1,082Premises and equipment expense
  • $1,539Additional noninterest expense
  • $3,189Pre-tax net operating income
  • -$2Securities gains (losses)
  • $1,213Applicable income taxes
  • $1,974Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,974Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $49Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.49%Yield on earning assets
  • 4.18%Cost of funding earning assets
  • 3.32%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 2.28%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.77%Return on assets (ROA)
  • 1.24%Pretax return on assets
  • 7.34%Return on equity (ROE)
  • 7.34%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 816.33%Credit loss provision to net charge-offs
  • 73.24%Efficiency ratio
  • 61,246Assets per employee
  • 4.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 86.94%Noncurrent assets plus other real estate owned to assets
  • 0.89%Noncurrent loans to loans
  • 1.28%Net loans and leases to deposits
  • 89.62%Net loans and leases to core deposits
  • 99.40%Equity capital to assets
  • 10.42%Core capital (leverage) ratio
  • 10.33%Tier 1 risk-based capital ratio
  • 22.65%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $257,503Average earning assets
  • $26,884Average equity
  • $248,578Average loans

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