Charter Federal Savings Bank in Randolph Township, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 31, 1994

  • Charter Federal Savings Bank in Randolph Township, New Jersey (NJ)
  • Show street view No street view available for this location

Charter Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 30653
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Sovereign Bank, National Association (#29950)
    Federal Reserve ID: 419974
    Date Established: January 01, 1923
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 5691
    FDIC's unique #: 43487
    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: May 03, 1954
    Last Structure Change Effective Date: October 31, 1994
    Last Structure Change Process Date: December 05, 1994
    Last Data Update: December 05, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 430 Route 10, Randolph Township, NJ 7801
    County: Morris
    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)
  • Financial Summary
  • Total assets: $402.4 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)
  • $89Total assets
  • $381,567Cash and due from depository institutions
  • $17,652Interest-bearing balances
  • $12,855Securities
  • $186,162Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $168,393Loan loss allowance
  • $1,306Trading account assets
  • $0Bank premises and fixed assets
  • $2,681Other real estate owned
  • $451Goodwill and other intangibles
  • $6,228Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $381,567Total liabilities
  • $347,005Total deposits
  • $345,998Interest-bearing deposits
  • $340,178Deposits held in domestic offices
  • 345998.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,007Total equity capital
  • $1,007Total bank equity capital
  • $34,562Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $12,352Undivided profits
  • Memoranda
  • $22,210Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,423Income earned, not collected on loans
  • $900Earning assets
  • $367,410Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $371,799Average Assets, quarterly
  • $379,209Volatile liabilities
  • $20,840Insider loans
  • $3,522FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $18,797Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $34,562Total risk weighted assets
  • $137,507Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $25,224Total interest expense
  • $11,613Net interest income
  • $13,611Provision for loan and lease losses
  • $457Total noninterest income
  • $769Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $769Total noninterest expense
  • $6,694Salaries and employee benefits
  • $3,355Premises and equipment expense
  • $1,140Additional noninterest expense
  • $2,199Pre-tax net operating income
  • $7,229Securities gains (losses)
  • $132Applicable income taxes
  • $2,490Income before extraordinary items
  • $4,871Extraordinary gains - net
  • $0Net income attributable to bank
  • $4,871Net charge-offs
  • $287Cash dividends
  • $2,371Sale, 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
  • 7.04%Cost of funding earning assets
  • 3.24%Net interest margin
  • 3.80%Noninterest income to earning assets
  • 0.21%Noninterest expense to earning assets
  • 1.87%Net operating income to assets
  • 1.29%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 1.98%Return on equity (ROE)
  • 14.57%Retained earnings to average equity (YTD only)
  • 7.48%Net charge-offs to loans
  • 0.17%Credit loss provision to net charge-offs
  • 159.23%Efficiency ratio
  • 46,551Assets per employee
  • 4.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.68%Loss allowance to loans
  • 0.77%Loss allowance to noncurrent loans
  • 91.78%Noncurrent assets plus other real estate owned to assets
  • 0.49%Noncurrent loans to loans
  • 0.84%Net loans and leases to deposits
  • 48.67%Net loans and leases to core deposits
  • 51.79%Equity capital to assets
  • 9.06%Core capital (leverage) ratio
  • 9.06%Tier 1 risk-based capital ratio
  • 25.13%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $371,799Average earning assets
  • $33,424Average equity
  • $358,280Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Charter Federal Savings 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