FDIC Certificate #: 30145 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Oritani Bank (#28866) Federal Reserve ID: 747873 Date Established: April 23, 1941 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 4837 FDIC's unique #: 42979 Numeric code: 34 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: April 23, 1941 Last Structure Change Effective Date: August 23, 2002 Last Structure Change Process Date: September 30, 2002 Last Data Update: September 30, 2002 Data Source Date: April 05, 2012
Location
Address: 4200 Bergenline Ave, Union City, NJ 7087 County: Hudson 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): Jersey City, NJ (#3640) 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: $127.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
36Total employees (full-time equivalent)
$124,868Total assets
$3,587Cash and due from depository institutions
$2,622Interest-bearing balances
$44,329Securities
$0Federal funds sold & reverse repurchase agreements
$73,254Net loans & leases
$511Loan loss allowance
$0Trading account assets
$1,839Bank premises and fixed assets
$0Other real estate owned
$25Goodwill and other intangibles
$0Life insurance assets
$1,834All other assets
$124,868Total liabilities and capital
$116,874Total liabilities
$106,517Total deposits
$99,098Interest-bearing deposits
$106,517Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,000Other borrowed funds
$0Subordinated debt
$357All other liabilities
$7,994Total equity capital
$7,994Total bank equity capital
$7,994Perpetual preferred stock
$0Common stock
$1Surplus
$0Undivided profits
Memoranda
$7,993Noncurrent loans and leases
$6,366Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$253Earning assets
$0Long-term assets (5+ years)
$436Average Assets, year-to-date
$120,205Average Assets, quarterly
$0Volatile liabilities
$121,478Insider loans
$124,910FHLB advances
$27,633Loans and leases held for sale
$507Unused loan commitments
$10,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,366Total unused commitments
$0Restructured Loans and leases
$511Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$7,902Total interest income
$4,395Total interest expense
$3,507Net interest income
$90Provision for loan and lease losses
$589Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$589Additional noninterest income
$3,519Total noninterest expense
$1,759Salaries and employee benefits
$724Premises and equipment expense
$1,036Additional noninterest expense
$487Pre-tax net operating income
$0Securities gains (losses)
$167Applicable income taxes
$320Income before extraordinary items
$0Extraordinary gains - net
$320Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$26Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.78%Yield on earning assets
3.77%Cost of funding earning assets
3.01%Net interest margin
0.51%Noninterest income to earning assets
3.02%Noninterest expense to earning assets
0.26%Net operating income to assets
0.26%Return on assets (ROA)
0.40%Pretax return on assets
4.08%Return on equity (ROE)
4.08%Retained earnings to average equity (YTD only)
-0.04%Net charge-offs to loans
-346.15%Credit loss provision to net charge-offs
0.00%Efficiency ratio
85,425Assets per employee
3.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.69%Loss allowance to noncurrent loans
201.98%Noncurrent assets plus other real estate owned to assets
0.20%Noncurrent loans to loans
0.34%Net loans and leases to deposits
68.77%Net loans and leases to core deposits
82.42%Equity capital to assets
6.40%Core capital (leverage) ratio
6.43%Tier 1 risk-based capital ratio
12.37%Total risk-based capital ratio
Memoranda
$13Average assets
$121,478Average earning assets
$7,849Average equity
$116,499Average loans
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