FDIC Certificate #: 35527 Status: Active Federal Reserve ID: 3001437 Date Established: December 15, 2000 WWW:http://www.fortleebank.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 16832 FDIC's unique #: 81322 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: All Other Specialization < 1 Billion Date of Deposit Insurance: December 15, 2000 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: 817 Abbott Blvd, Fort Lee, NJ 7024 County: Bergen 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: $52.1 mil Equity capital: $1.2 mil Deposits held in domestic offices: $50.7 mil Return on assets (ROA): -4.77% (-$2.5 mil) Quarterly return on assets: -14.61% (-$7.6 mil) Return on Equity (ROE): -86.51% (-$0.9 mil) Quarterly return on equity: -360.68% (-$3.6 mil) Net income: -$2.7 mil Quarterly Net income: -$2.0 mil Pretax return on assets: -3.09% (-$1,609.5 mil) Quarterly Pretax return on assets: -3.66% (-$1,906.4 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
11Total employees (full-time equivalent)
$52,087Total assets
$18,677Cash and due from depository institutions
$2,568Interest-bearing balances
$298Securities
$0Federal funds sold & reverse repurchase agreements
$27,843Net loans & leases
$275Loan loss allowance
$0Trading account assets
$3,830Bank premises and fixed assets
$345Other real estate owned
$9Goodwill and other intangibles
$52,087Life insurance assets
$1,085All other assets
$50,895Total liabilities and capital
$50,658Total liabilities
$42,216Total deposits
$50,658Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$237Subordinated debt
$1,192All other liabilities
$1,192Total equity capital
$1,192Total bank equity capital
$1,321Perpetual preferred stock
$42Common stock
$4,162Surplus
$-4,333Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4,025Income earned, not collected on loans
$0Earning assets
$45Long-term assets (5+ years)
$30,709Average Assets, year-to-date
$0Average Assets, quarterly
$55,939Volatile liabilities
$53,513Insider loans
$27,489FHLB advances
$52,079Loans and leases held for sale
$93Unused loan commitments
$0Tier 1 (core) risk-based capital
$1,184Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,867Restructured Loans and leases
$69Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,982Total interest income
$723Total interest expense
$1,259Net interest income
$719Provision for loan and lease losses
$534Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$534Additional noninterest income
$2,802Total noninterest expense
$970Salaries and employee benefits
$742Premises and equipment expense
$1,090Additional noninterest expense
-$1,728Pre-tax net operating income
$0Securities gains (losses)
$938Applicable income taxes
-$2,666Income before extraordinary items
$0Extraordinary gains - net
-$2,666Net income attributable to bank
$0Net charge-offs
-$2,666Cash dividends
$1,096Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.49%Yield on earning assets
2.00%Cost of funding earning assets
3.49%Net interest margin
1.48%Noninterest income to earning assets
7.76%Noninterest expense to earning assets
-4.77%Net operating income to assets
-4.77%Return on assets (ROA)
-3.09%Pretax return on assets
-86.51%Return on equity (ROE)
-86.51%Retained earnings to average equity (YTD only)
3.32%Net charge-offs to loans
65.60%Credit loss provision to net charge-offs
-0.92%Efficiency ratio
156,274Assets per employee
4.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.98%Loss allowance to noncurrent loans
6.83%Noncurrent assets plus other real estate owned to assets
8.39%Noncurrent loans to loans
14.31%Net loans and leases to deposits
54.96%Net loans and leases to core deposits
58.34%Equity capital to assets
2.29%Core capital (leverage) ratio
2.27%Tier 1 risk-based capital ratio
4.31%Total risk-based capital ratio
Memoranda
$5Average assets
$55,939Average earning assets
$3,082Average equity
$36,097Average loans
List of branches
1 New Jersey Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
81322
Fort Lee Federal Savings Bank, Fsb
817 Abbott Blvd, Fort Lee, NJ 7024
December 15, 2000
Full Service Brick and Mortar
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