Marine View Federal Savings Bank in Middletown, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 06, 1993

  • Marine View Federal Savings Bank in Middletown, New Jersey (NJ)
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Marine View Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 33523
    Status: Inactive
    Closing history: Conservatorship Institution Resolved
    Acquiring institution: Summit Bank (#8610)
    Federal Reserve ID: 645979
    Date Established: November 01, 1991
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 9499
    FDIC's unique #: 47362
    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: November 01, 1991
    Last Structure Change Effective Date: August 06, 1993
    Last Structure Change Process Date: August 16, 1993
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 1184 Highway 35, Middletown, NJ 7748
    County: Monmouth
    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): Monmouth-Ocean, NJ (#5190)
    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)
  • History of Changes
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $84.7 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $33Total assets
  • $87,558Cash and due from depository institutions
  • $37,919Interest-bearing balances
  • $37,397Securities
  • $109Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $36,353Loan loss allowance
  • $352Trading account assets
  • $0Bank premises and fixed assets
  • $1,348Other real estate owned
  • $6,011Goodwill and other intangibles
  • $5,818Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $87,558Total liabilities
  • $89,908Total deposits
  • $89,508Interest-bearing deposits
  • $88,549Deposits held in domestic offices
  • 89508.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $400Total equity capital
  • $400Total bank equity capital
  • $-2,350Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-2,350Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,097Income earned, not collected on loans
  • $162Earning assets
  • $73,859Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $95,761Average Assets, quarterly
  • $88,560Volatile liabilities
  • $1,118Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $6Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-4,673Total risk weighted assets
  • $37,226Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,315Total interest expense
  • $4,422Net interest income
  • $893Provision for loan and lease losses
  • $67Total noninterest income
  • $197Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $197Total noninterest expense
  • $3,143Salaries and employee benefits
  • $978Premises and equipment expense
  • $512Additional noninterest expense
  • $1,653Pre-tax net operating income
  • -$2,120Securities gains (losses)
  • $1,516Applicable income taxes
  • -$43Income before extraordinary items
  • -$561Extraordinary gains - net
  • $0Net income attributable to bank
  • -$561Net charge-offs
  • $521Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.63%Cost of funding earning assets
  • 5.52%Net interest margin
  • 1.11%Noninterest income to earning assets
  • 0.25%Noninterest expense to earning assets
  • 3.92%Net operating income to assets
  • -2.06%Return on assets (ROA)
  • -0.59%Pretax return on assets
  • -0.63%Return on equity (ROE)
  • 36.37%Retained earnings to average equity (YTD only)
  • 36.37%Net charge-offs to loans
  • 1.08%Credit loss provision to net charge-offs
  • 12.86%Efficiency ratio
  • 288,349Assets per employee
  • 2.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.96%Loss allowance to noncurrent loans
  • 16.79%Noncurrent assets plus other real estate owned to assets
  • 2.47%Noncurrent loans to loans
  • 5.71%Net loans and leases to deposits
  • 40.61%Net loans and leases to core deposits
  • 41.13%Equity capital to assets
  • -2.68%Core capital (leverage) ratio
  • -5.39%Tier 1 risk-based capital ratio
  • -12.55%Total risk-based capital ratio
  • Memoranda
  • -$13Average assets
  • $95,761Average earning assets
  • -$1,542Average equity
  • $80,169Average loans

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