FDIC Certificate #: 28632 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Boiling Springs Savings Bank (#30052) Federal Reserve ID: 197571 Date Established: January 01, 1885 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 1995 FDIC's unique #: 41466 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: April 06, 1940 Last Structure Change Effective Date: June 29, 2001 Last Structure Change Process Date: July 17, 2001 Last Data Update: July 17, 2001 Data Source Date: April 05, 2012
Location
Address: 55 North Broad Street, Ridgewood, NJ 7450 County: Bergen 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): Bergen-Passaic, NJ (#875) 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: New York-White Plains-Wayne, NY-NJ (#35644)
Financial Summary
Total assets: $292.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
42Total employees (full-time equivalent)
$285,753Total assets
$15,043Cash and due from depository institutions
$13,132Interest-bearing balances
$74,795Securities
$0Federal funds sold & reverse repurchase agreements
$184,614Net loans & leases
$1,001Loan loss allowance
$0Trading account assets
$8,663Bank premises and fixed assets
$0Other real estate owned
$20Goodwill and other intangibles
$0Life insurance assets
$2,618All other assets
$285,753Total liabilities and capital
$262,658Total liabilities
$232,937Total deposits
$227,102Interest-bearing deposits
$232,937Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$28,906Other borrowed funds
$0Subordinated debt
$815All other liabilities
$23,095Total equity capital
$23,095Total bank equity capital
$23,095Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$23,095Noncurrent loans and leases
$18,927Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$904Average Assets, year-to-date
$272,541Average Assets, quarterly
$201,013Volatile liabilities
$280,171Insider loans
$285,431FHLB advances
$32,462Loans and leases held for sale
$287Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$18,927Total unused commitments
$0Restructured Loans and leases
$1,001Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$18,263Total interest income
$12,885Total interest expense
$5,378Net interest income
$86Provision for loan and lease losses
$207Total noninterest income
$0Fiduciary activities
$110Service charges on deposit accounts
$0Trading account gains & fees
$97Additional noninterest income
$4,713Total noninterest expense
$2,199Salaries and employee benefits
$896Premises and equipment expense
$1,618Additional noninterest expense
$786Pre-tax net operating income
$5Securities gains (losses)
-$40Applicable income taxes
$831Income before extraordinary items
$0Extraordinary gains - net
$831Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$9Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.86%Yield on earning assets
4.84%Cost of funding earning assets
2.02%Net interest margin
0.08%Noninterest income to earning assets
1.77%Noninterest expense to earning assets
0.29%Net operating income to assets
0.30%Return on assets (ROA)
0.28%Pretax return on assets
3.84%Return on equity (ROE)
3.84%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
955.56%Credit loss provision to net charge-offs
96.89%Efficiency ratio
84,387Assets per employee
6.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.54%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
79.25%Net loans and leases to core deposits
89.85%Equity capital to assets
8.08%Core capital (leverage) ratio
8.31%Tier 1 risk-based capital ratio
16.70%Total risk-based capital ratio
Memoranda
$17Average assets
$280,171Average earning assets
$21,665Average equity
$266,273Average loans
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