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


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

  • General
  • FDIC Certificate #: 28633
    Status: Active
    Federal Reserve ID: 554473
    Date Established: January 01, 1928
    WWW: http://www.cliftonsavings.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 12 (Domestic: 12, Interstate: No)
    OTS Docket #: 1997
    FDIC's unique #: 41467
    Numeric code: 33
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 02, 1940
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1433 Van Houten Avenue, 3rd Floor, Clifton, NJ 7013
    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)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $1,106.0 mil
    Equity capital: $157.8 mil
    Deposits held in domestic offices: $848.2 mil
    Return on assets (ROA): 0.79% ($8.7 mil)
    Quarterly return on assets: 0.76% ($8.4 mil)
    Return on Equity (ROE): 5.48% ($8.7 mil)
    Quarterly return on equity: 5.24% ($8.3 mil)
    Net income: $8.8 mil
    Quarterly Net income: $2.1 mil
    Pretax return on assets: 1.23% ($13,603.6 mil)
    Quarterly Pretax return on assets: 1.16% ($12,829.4 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
  • 100Total employees (full-time equivalent)
  • $1,105,982Total assets
  • $27,375Cash and due from depository institutions
  • $14,662Interest-bearing balances
  • $589,610Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $438,482Net loans & leases
  • $2,010Loan loss allowance
  • $0Trading account assets
  • $8,180Bank premises and fixed assets
  • $828Other real estate owned
  • $0Goodwill and other intangibles
  • $1,105,982Life insurance assets
  • $41,507All other assets
  • $948,189Total liabilities and capital
  • $848,175Total liabilities
  • $830,067Total deposits
  • $848,175Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $96,156Trading liabilities
  • $0Other borrowed funds
  • $3,858Subordinated debt
  • $157,793All other liabilities
  • $157,793Total equity capital
  • $157,793Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $70,756Surplus
  • $87,036Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,174Income earned, not collected on loans
  • $0Earning assets
  • $4,009Long-term assets (5+ years)
  • $1,042,754Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $1,119,676Volatile liabilities
  • $1,113,354Insider loans
  • $406,864FHLB advances
  • $1,103,992Loans and leases held for sale
  • $27,365Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $156,781Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,618Restructured Loans and leases
  • $806Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $42,028Total interest income
  • $17,009Total interest expense
  • $25,019Net interest income
  • -$12Provision for loan and lease losses
  • $975Total noninterest income
  • $0Fiduciary activities
  • $131Service charges on deposit accounts
  • $0Trading account gains & fees
  • $844Additional noninterest income
  • $13,144Total noninterest expense
  • $7,630Salaries and employee benefits
  • $2,649Premises and equipment expense
  • $2,865Additional noninterest expense
  • $12,862Pre-tax net operating income
  • $872Securities gains (losses)
  • $4,932Applicable income taxes
  • $8,802Income before extraordinary items
  • $0Extraordinary gains - net
  • $8,802Net income attributable to bank
  • $0Net charge-offs
  • $8,802Cash dividends
  • -$142Sale, conversion, retirement of capital stock, net
  • $14,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.02%Yield on earning assets
  • 1.63%Cost of funding earning assets
  • 2.39%Net interest margin
  • 0.09%Noninterest income to earning assets
  • 1.26%Noninterest expense to earning assets
  • 0.74%Net operating income to assets
  • 0.79%Return on assets (ROA)
  • 1.23%Pretax return on assets
  • 5.48%Return on equity (ROE)
  • -3.24%Retained earnings to average equity (YTD only)
  • -0.03%Net charge-offs to loans
  • 8.45%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 50,566Assets per employee
  • 11.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 159.05%Loss allowance to loans
  • 0.46%Loss allowance to noncurrent loans
  • 63.33%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 0.72%Net loans and leases to deposits
  • 51.70%Net loans and leases to core deposits
  • 53.34%Equity capital to assets
  • 14.27%Core capital (leverage) ratio
  • 14.20%Tier 1 risk-based capital ratio
  • 38.53%Total risk-based capital ratio
  • Memoranda
  • $39Average assets
  • $1,119,676Average earning assets
  • $160,641Average equity
  • $1,045,600Average loans

List of branches

  • 12 New Jersey Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    041467Clifton Savings Bank1433 Van Houten Avenue, 3rd Floor, Clifton, NJ 7013January 01, 1928Full Service Brick and Mortar
    2269580646 Van Houten Avenue Branch646 Van Houten Avenue, Clifton, NJ 7013January 01, 1928Full Service Brick and Mortar
    3269581387 Valley Road Branch387 Valley Rd, Clifton, NJ 7013January 01, 1928Full Service Brick and Mortar
    4269582319 Lakeview Avenue Branch319 Lakeview Avenue, Clifton, NJ 7011January 01, 1928Full Service Brick and Mortar
    5269583253 Palisade Avenue Branch247 Palisade Avenue, Garfield, NJ 7026January 01, 1928Full Service Brick and Mortar
    100269584359 Lanza Avenue Branch369 Lanza Avenue, Garfield, NJ 7026January 01, 1928Full Service Brick and Mortar
    1012695851055 Clifton Branch1055 Clifton Avenue, Clifton, NJ 7013January 01, 1928Full Service Brick and Mortar
    103464146Hamburg Turnpike Branch1158 Hamburg Turnpike, Wayne, NJ 7470September 16, 2003Full Service Brick and Mortar
    104464148Union Boulevard Branch55 Union Boulevard, Wallington, NJ 7057April 15, 2003Full Service Brick and Mortar
    105518319Fair Lawn Branch33-11 Broadway, Fair Lawn, NJ 7410November 19, 2009Full Service Brick and Mortar
    106518320Lyndhurst Branch401 Valley Brook Avenue, Lyndhurst, NJ 7071May 21, 2010Full Service Brick and Mortar
    107522062Woodland Park Branch1530 Route 46, Woodland Park, NJ 7424October 18, 2010Full Service Brick and Mortar

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