FDIC Certificate #: 30233 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Kearny Federal Savings Bank (#28765) Federal Reserve ID: 245678 Date Established: November 01, 1943 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 5016 FDIC's unique #: 43067 Numeric code: 33 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: December 06, 1943 Last Structure Change Effective Date: October 18, 2002 Last Structure Change Process Date: November 25, 2002 Last Data Update: November 25, 2002 Data Source Date: April 05, 2012
Location
Address: 130 Mountain Avenue, Springfield, NJ 7081 County: Union 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: $286.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
52Total employees (full-time equivalent)
$236,837Total assets
$8,575Cash and due from depository institutions
$5,666Interest-bearing balances
$67,172Securities
$4,525Federal funds sold & reverse repurchase agreements
$146,929Net loans & leases
$1,234Loan loss allowance
$2,440Trading account assets
$3,949Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,247All other assets
$236,837Total liabilities and capital
$212,036Total liabilities
$199,958Total deposits
$195,060Interest-bearing deposits
$199,958Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$11,000Other borrowed funds
$0Subordinated debt
$1,078All other liabilities
$24,801Total equity capital
$24,801Total bank equity capital
$24,801Perpetual preferred stock
$0Common stock
$21Surplus
$9,829Undivided profits
Memoranda
$14,951Noncurrent loans and leases
$27,181Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$422Earning assets
$0Long-term assets (5+ years)
$703Average Assets, year-to-date
$226,732Average Assets, quarterly
$0Volatile liabilities
$239,062Insider loans
$237,222FHLB advances
$40,600Loans and leases held for sale
$84Unused loan commitments
$11,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$27,181Total unused commitments
$0Restructured Loans and leases
$1,234Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$15,798Total interest income
$8,745Total interest expense
$7,053Net interest income
$53Provision for loan and lease losses
$578Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$141Trading account gains & fees
$437Additional noninterest income
$5,826Total noninterest expense
$3,335Salaries and employee benefits
$1,035Premises and equipment expense
$1,456Additional noninterest expense
$1,752Pre-tax net operating income
$0Securities gains (losses)
$651Applicable income taxes
$1,101Income before extraordinary items
$0Extraordinary gains - net
$1,101Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$13Sale, conversion, retirement of capital stock, net
$600Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.94%Yield on earning assets
3.84%Cost of funding earning assets
3.10%Net interest margin
0.25%Noninterest income to earning assets
2.56%Noninterest expense to earning assets
0.46%Net operating income to assets
0.46%Return on assets (ROA)
0.73%Pretax return on assets
4.54%Return on equity (ROE)
2.06%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
-407.69%Credit loss provision to net charge-offs
0.00%Efficiency ratio
76,346Assets per employee
4.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
54.50%Loss allowance to loans
0.83%Loss allowance to noncurrent loans
292.42%Noncurrent assets plus other real estate owned to assets
0.18%Noncurrent loans to loans
0.28%Net loans and leases to deposits
73.48%Net loans and leases to core deposits
86.25%Equity capital to assets
10.47%Core capital (leverage) ratio
10.47%Tier 1 risk-based capital ratio
19.44%Total risk-based capital ratio
Memoranda
$20Average assets
$239,062Average earning assets
$24,272Average equity
$227,672Average loans
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