FDIC Certificate #: 28522 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Northfield Bank (#28710) Federal Reserve ID: 311470 Date Established: January 01, 1927 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 1773 FDIC's unique #: 41356 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: Febuary 25, 1938 Last Structure Change Effective Date: December 31, 2002 Last Structure Change Process Date: January 16, 2003 Last Data Update: January 16, 2003 Data Source Date: April 05, 2012
Location
Address: 1410 St Georges Avenue, Avenel, NJ 7001 County: Middlesex 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): Middlesex-Somerset-Hunterdon, NJ (#5015) 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: Edison-New Brunswick, NJ (#20764)
Financial Summary
Total assets: $364.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
69Total employees (full-time equivalent)
$322,414Total assets
$7,536Cash and due from depository institutions
$5,739Interest-bearing balances
$106,485Securities
$0Federal funds sold & reverse repurchase agreements
$197,658Net loans & leases
$851Loan loss allowance
$0Trading account assets
$5,879Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,856All other assets
$322,414Total liabilities and capital
$293,326Total liabilities
$260,454Total deposits
$250,181Interest-bearing deposits
$260,454Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$31,528Other borrowed funds
$0Subordinated debt
$1,344All other liabilities
$29,088Total equity capital
$29,088Total bank equity capital
$29,088Perpetual preferred stock
$0Common stock
$0Surplus
$8,808Undivided profits
Memoranda
$20,280Noncurrent loans and leases
$25,501Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$584Earning assets
$0Long-term assets (5+ years)
$978Average Assets, year-to-date
$309,882Average Assets, quarterly
$0Volatile liabilities
$317,425Insider loans
$329,920FHLB advances
$58,160Loans and leases held for sale
$0Unused loan commitments
$28,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$25,501Total unused commitments
$0Restructured Loans and leases
$851Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$20,740Total interest income
$12,891Total interest expense
$7,849Net interest income
$40Provision for loan and lease losses
$1,008Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,008Additional noninterest income
$7,248Total noninterest expense
$3,719Salaries and employee benefits
$1,943Premises and equipment expense
$1,586Additional noninterest expense
$1,569Pre-tax net operating income
$123Securities gains (losses)
$590Applicable income taxes
$1,102Income before extraordinary items
$0Extraordinary gains - net
$1,102Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$75Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.81%Yield on earning assets
4.23%Cost of funding earning assets
2.58%Net interest margin
0.33%Noninterest income to earning assets
2.38%Noninterest expense to earning assets
0.32%Net operating income to assets
0.35%Return on assets (ROA)
0.53%Pretax return on assets
3.91%Return on equity (ROE)
3.91%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
53.33%Credit loss provision to net charge-offs
21.45%Efficiency ratio
81,834Assets per employee
4.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.43%Loss allowance to noncurrent loans
145.72%Noncurrent assets plus other real estate owned to assets
0.18%Noncurrent loans to loans
0.29%Net loans and leases to deposits
75.89%Net loans and leases to core deposits
84.53%Equity capital to assets
9.02%Core capital (leverage) ratio
8.88%Tier 1 risk-based capital ratio
19.26%Total risk-based capital ratio
Memoranda
$20Average assets
$317,425Average earning assets
$28,176Average equity
$304,620Average loans
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