Mayflower Savings Bank SLA in Livingston, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 29, 1993

  • Mayflower Savings Bank SLA in Livingston, New Jersey (NJ)
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Mayflower Savings Bank SLA - Overview

  • General
  • FDIC Certificate #: 30436
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Valley National Bank (#9396)
    Federal Reserve ID: 173276
    Date Established: January 01, 1921
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 5334
    FDIC's unique #: 43270
    Numeric code: 35
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 08, 1949
    Last Structure Change Effective Date: January 29, 1993
    Last Structure Change Process Date: Febuary 18, 1993
    Last Data Update: Febuary 18, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 72 S Livingston Ave, Livingston, NJ 7039
    County: Essex
    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): Newark, NJ (#5640)
    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: Newark-Union, NJ-PA (#35084)
  • Financial Summary
  • Total assets: $141.1 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $15Total assets
  • $141,107Cash and due from depository institutions
  • $2,515Interest-bearing balances
  • $2,087Securities
  • $59,961Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $75,777Loan loss allowance
  • $324Trading account assets
  • $0Bank premises and fixed assets
  • $168Other real estate owned
  • $0Goodwill and other intangibles
  • $2,686Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $141,107Total liabilities
  • $128,250Total deposits
  • $113,664Interest-bearing deposits
  • $113,597Deposits held in domestic offices
  • 113664.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $13,000Subordinated debt
  • $0All other liabilities
  • $1,586Total equity capital
  • $1,586Total bank equity capital
  • $12,857Perpetual preferred stock
  • $0Common stock
  • $12Surplus
  • $7,561Undivided profits
  • Memoranda
  • $5,284Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $768Income earned, not collected on loans
  • $532Earning assets
  • $137,825Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $137,778Average Assets, quarterly
  • $139,368Volatile liabilities
  • $18,148Insider loans
  • $0FHLB advances
  • $12,000Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $12,857Total risk weighted assets
  • $48,194Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $10,934Total interest expense
  • $6,108Net interest income
  • $4,826Provision for loan and lease losses
  • $0Total noninterest income
  • $1,166Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,166Total noninterest expense
  • $1,498Salaries and employee benefits
  • $822Premises and equipment expense
  • $242Additional noninterest expense
  • $434Pre-tax net operating income
  • $4,494Securities gains (losses)
  • $953Applicable income taxes
  • $1,756Income before extraordinary items
  • $3,691Extraordinary gains - net
  • -$180Net income attributable to bank
  • $3,511Net charge-offs
  • $0Cash dividends
  • $2,175Sale, 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
  • 8.18%Cost of funding earning assets
  • 4.57%Net interest margin
  • 3.61%Noninterest income to earning assets
  • 0.87%Noninterest expense to earning assets
  • 1.12%Net operating income to assets
  • 2.21%Return on assets (ROA)
  • 2.55%Pretax return on assets
  • 3.82%Return on equity (ROE)
  • 28.70%Retained earnings to average equity (YTD only)
  • 10.92%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 25,000Assets per employee
  • 9.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 61.95%Loss allowance to loans
  • 0.43%Loss allowance to noncurrent loans
  • 42.19%Noncurrent assets plus other real estate owned to assets
  • 0.54%Noncurrent loans to loans
  • 1.01%Net loans and leases to deposits
  • 66.67%Net loans and leases to core deposits
  • 69.83%Equity capital to assets
  • 9.11%Core capital (leverage) ratio
  • 9.11%Tier 1 risk-based capital ratio
  • 26.68%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $137,778Average earning assets
  • $12,235Average equity
  • $133,704Average loans

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