FDIC Certificate #: 30072 Status: Active Federal Reserve ID: 657178 Date Established: January 01, 1924 WWW:http://www.schuylersavings.com Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 4683 FDIC's unique #: 42906 Numeric code: 42 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: January 03, 1952 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 24 Davis Ave, Kearny, NJ 7032 County: Hudson 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): Jersey City, NJ (#3640) 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)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $116.8 mil Equity capital: $17.6 mil Deposits held in domestic offices: $97.9 mil Return on assets (ROA): 0.25% ($0.3 mil) Quarterly return on assets: 0.30% ($0.4 mil) Return on Equity (ROE): 1.69% ($0.3 mil) Quarterly return on equity: 1.98% ($0.4 mil) Net income: $0.3 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.36% ($420.5 mil) Quarterly Pretax return on assets: 0.40% ($467.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
15Total employees (full-time equivalent)
$116,815Total assets
$18,525Cash and due from depository institutions
$17,628Interest-bearing balances
$29,351Securities
$0Federal funds sold & reverse repurchase agreements
$63,281Net loans & leases
$951Loan loss allowance
$0Trading account assets
$1,423Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$116,816Life insurance assets
$4,235All other assets
$99,177Total liabilities and capital
$97,913Total liabilities
$96,719Total deposits
$97,913Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,264Subordinated debt
$17,639All other liabilities
$17,639Total equity capital
$17,639Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$17,639Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,076Income earned, not collected on loans
$0Earning assets
$445Long-term assets (5+ years)
$110,260Average Assets, year-to-date
$76,545Average Assets, quarterly
$118,562Volatile liabilities
$117,129Insider loans
$46,669FHLB advances
$116,929Loans and leases held for sale
$2,240Unused loan commitments
$2,240Tier 1 (core) risk-based capital
$17,357Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,948Restructured Loans and leases
$1,408Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,277Total interest income
$1,076Total interest expense
$3,201Net interest income
$155Provision for loan and lease losses
$165Total noninterest income
$0Fiduciary activities
$48Service charges on deposit accounts
$0Trading account gains & fees
$117Additional noninterest income
$2,788Total noninterest expense
$1,380Salaries and employee benefits
$355Premises and equipment expense
$1,053Additional noninterest expense
$423Pre-tax net operating income
$0Securities gains (losses)
$127Applicable income taxes
$296Income before extraordinary items
$0Extraordinary gains - net
$296Net income attributable to bank
$0Net charge-offs
$296Cash dividends
$198Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.80%Yield on earning assets
0.96%Cost of funding earning assets
2.85%Net interest margin
0.15%Noninterest income to earning assets
2.48%Noninterest expense to earning assets
0.25%Net operating income to assets
0.25%Return on assets (ROA)
0.36%Pretax return on assets
1.69%Return on equity (ROE)
1.69%Retained earnings to average equity (YTD only)
0.31%Net charge-offs to loans
78.28%Credit loss provision to net charge-offs
2.92%Efficiency ratio
82,828Assets per employee
7.79%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.48%Loss allowance to noncurrent loans
88.38%Noncurrent assets plus other real estate owned to assets
0.92%Noncurrent loans to loans
1.68%Net loans and leases to deposits
64.63%Net loans and leases to core deposits
67.02%Equity capital to assets
15.10%Core capital (leverage) ratio
14.84%Tier 1 risk-based capital ratio
37.19%Total risk-based capital ratio
Memoranda
$38Average assets
$118,562Average earning assets
$17,469Average equity
$112,451Average loans
List of branches
1 New Jersey Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
42906
Schuyler Savings Bank
24 Davis Ave, Kearny, NJ 7032
January 01, 1924
Full Service Brick and Mortar
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