Family First FSB in Clifton, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 07, 1995

  • Family First FSB in Clifton, New Jersey (NJ)
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Family First FSB - Overview

  • General
  • FDIC Certificate #: 32399
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Greater Community Bank (#26480)
    Federal Reserve ID: 798576
    Date Established: November 12, 1985
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8223
    FDIC's unique #: 45233
    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: November 12, 1985
    Last Structure Change Effective Date: April 07, 1995
    Last Structure Change Process Date: August 30, 1995
    Last Data Update: August 30, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 535 Getty Avenue, Clifton, NJ 7011
    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: $50.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $14Total assets
  • $52,250Cash and due from depository institutions
  • $3,544Interest-bearing balances
  • $577Securities
  • $19,438Federal funds sold & reverse repurchase agreements
  • $300Net loans & leases
  • $26,448Loan loss allowance
  • $1,326Trading account assets
  • $0Bank premises and fixed assets
  • $143Other real estate owned
  • $1,272Goodwill and other intangibles
  • $1,105Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $52,250Total liabilities
  • $50,685Total deposits
  • $50,605Interest-bearing deposits
  • $42,950Deposits held in domestic offices
  • 50605.00%% insured (estimated)
  • $90Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $80Total equity capital
  • $80Total bank equity capital
  • $1,565Perpetual preferred stock
  • $0Common stock
  • $4,912Surplus
  • $824Undivided profits
  • Memoranda
  • $-4,171Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,965Income earned, not collected on loans
  • $208Earning assets
  • $46,763Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $56,224Average Assets, quarterly
  • $52,487Volatile liabilities
  • $8,937Insider loans
  • $788FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $928Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,695Total risk weighted assets
  • $24,844Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,593Total interest expense
  • $1,610Net interest income
  • $1,983Provision for loan and lease losses
  • $89Total noninterest income
  • $216Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $216Total noninterest expense
  • $2,785Salaries and employee benefits
  • $774Premises and equipment expense
  • $345Additional noninterest expense
  • $1,666Pre-tax net operating income
  • -$675Securities gains (losses)
  • $14Applicable income taxes
  • $0Income before extraordinary items
  • -$661Extraordinary gains - net
  • -$57Net income attributable to bank
  • -$718Net charge-offs
  • -$61Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.10%Cost of funding earning assets
  • 3.18%Net interest margin
  • 3.92%Noninterest income to earning assets
  • 0.43%Noninterest expense to earning assets
  • 5.50%Net operating income to assets
  • -1.20%Return on assets (ROA)
  • -1.28%Pretax return on assets
  • -1.28%Return on equity (ROE)
  • -40.37%Retained earnings to average equity (YTD only)
  • -40.37%Net charge-offs to loans
  • -0.22%Credit loss provision to net charge-offs
  • -145.90%Efficiency ratio
  • 126,648Assets per employee
  • 3.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.77%Loss allowance to noncurrent loans
  • 33.44%Noncurrent assets plus other real estate owned to assets
  • 10.02%Noncurrent loans to loans
  • 14.28%Net loans and leases to deposits
  • 52.26%Net loans and leases to core deposits
  • 63.47%Equity capital to assets
  • 3.00%Core capital (leverage) ratio
  • 3.24%Tier 1 risk-based capital ratio
  • 6.82%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $56,224Average earning assets
  • $1,778Average equity
  • $50,603Average loans

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