Pulse Savings Bank in South River, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 18, 1998

  • Pulse Savings Bank in South River, New Jersey (NJ)
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Pulse Savings Bank - Overview

  • General
  • FDIC Certificate #: 31349
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Savings Bank (#30255)
    Federal Reserve ID: 335971
    Date Established: January 01, 1916
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 6784
    FDIC's unique #: 44183
    Numeric code: 41
    Regulator: FDIC
    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: January 17, 1963
    Last Structure Change Effective Date: December 18, 1998
    Last Structure Change Process Date: Febuary 16, 1999
    Last Data Update: Febuary 16, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 6 Jackson Street, South River, NJ 8882
    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: $532.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 61Total employees (full-time equivalent)
  • $538,047Total assets
  • $4,622Cash and due from depository institutions
  • $0Interest-bearing balances
  • $383,895Securities
  • $5,000Federal funds sold & reverse repurchase agreements
  • $136,351Net loans & leases
  • $2,315Loan loss allowance
  • $0Trading account assets
  • $1,433Bank premises and fixed assets
  • $748Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $5,998All other assets
  • $538,047Total liabilities and capital
  • $496,776Total liabilities
  • $417,353Total deposits
  • $412,293Interest-bearing deposits
  • $417,353Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $73,675Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,029Other borrowed funds
  • $0Subordinated debt
  • $2,719All other liabilities
  • $41,271Total equity capital
  • $41,271Total bank equity capital
  • $41,271Perpetual preferred stock
  • $0Common stock
  • $4,000Surplus
  • $8,333Undivided profits
  • Memoranda
  • $28,938Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,443Earning assets
  • $109Long-term assets (5+ years)
  • $904Average Assets, year-to-date
  • $525,246Average Assets, quarterly
  • $293,444Volatile liabilities
  • $521,169Insider loans
  • $531,647FHLB advances
  • $95,859Loans and leases held for sale
  • $498Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $19,148Total unused commitments
  • $0Restructured Loans and leases
  • $167,597Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $36,579Total interest income
  • $22,914Total interest expense
  • $13,665Net interest income
  • $0Provision for loan and lease losses
  • $441Total noninterest income
  • $0Fiduciary activities
  • $170Service charges on deposit accounts
  • $0Trading account gains & fees
  • $271Additional noninterest income
  • $5,301Total noninterest expense
  • $2,780Salaries and employee benefits
  • $499Premises and equipment expense
  • $2,022Additional noninterest expense
  • $8,805Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,157Applicable income taxes
  • $5,648Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,648Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $114Sale, conversion, retirement of capital stock, net
  • $2,230Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.18%Yield on earning assets
  • 4.50%Cost of funding earning assets
  • 2.68%Net interest margin
  • 0.09%Noninterest income to earning assets
  • 1.04%Noninterest expense to earning assets
  • 1.08%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.69%Pretax return on assets
  • 14.44%Return on equity (ROE)
  • 8.74%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 77.24%Efficiency ratio
  • 37,580Assets per employee
  • 8.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.48%Loss allowance to loans
  • 1.67%Loss allowance to noncurrent loans
  • 94.76%Noncurrent assets plus other real estate owned to assets
  • 0.59%Noncurrent loans to loans
  • 1.76%Net loans and leases to deposits
  • 32.67%Net loans and leases to core deposits
  • 34.24%Equity capital to assets
  • 7.67%Core capital (leverage) ratio
  • 7.59%Tier 1 risk-based capital ratio
  • 24.10%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $521,169Average earning assets
  • $39,125Average equity
  • $509,224Average loans

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