Shadow Lawn Savings Bank, SLA in Long Branch, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 05, 1994

  • Shadow Lawn Savings Bank, SLA in Long Branch, New Jersey (NJ)
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Shadow Lawn Savings Bank, SLA - Overview

  • General
  • FDIC Certificate #: 30042
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Sovereign Bank, National Association (#29950)
    Federal Reserve ID: 796170
    Date Established: January 01, 1927
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4613
    FDIC's unique #: 42876
    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: January 23, 1939
    Last Structure Change Effective Date: August 05, 1994
    Last Structure Change Process Date: September 28, 1994
    Last Data Update: September 22, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 600 Broadway, Long Branch, NJ 7740
    County: Monmouth
    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): Monmouth-Ocean, NJ (#5190)
    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)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $786.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $265Total assets
  • $793,551Cash and due from depository institutions
  • $30,675Interest-bearing balances
  • $217Securities
  • $303,241Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $388,528Loan loss allowance
  • $4,296Trading account assets
  • $0Bank premises and fixed assets
  • $18,096Other real estate owned
  • $23,648Goodwill and other intangibles
  • $20,978Life insurance assets
  • $8,385All other assets
  • $0Total liabilities and capital
  • $793,551Total liabilities
  • $739,204Total deposits
  • $736,304Interest-bearing deposits
  • $705,067Deposits held in domestic offices
  • 736304.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $11Subordinated debt
  • $0All other liabilities
  • $2,889Total equity capital
  • $2,889Total bank equity capital
  • $54,347Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $46,999Undivided profits
  • Memoranda
  • $7,347Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $17,113Income earned, not collected on loans
  • $3,017Earning assets
  • $691,986Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $777,864Average Assets, quarterly
  • $788,426Volatile liabilities
  • $29,496Insider loans
  • $359FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $51,365Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $45,416Total risk weighted assets
  • $390,771Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $48,922Total interest expense
  • $23,449Net interest income
  • $25,473Provision for loan and lease losses
  • $3,243Total noninterest income
  • $3,211Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $3,211Total noninterest expense
  • $25,502Salaries and employee benefits
  • $7,151Premises and equipment expense
  • $3,088Additional noninterest expense
  • $15,263Pre-tax net operating income
  • -$61Securities gains (losses)
  • $0Applicable income taxes
  • $237Income before extraordinary items
  • -$298Extraordinary gains - net
  • $2,092Net income attributable to bank
  • $1,794Net charge-offs
  • $6,323Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.13%Cost of funding earning assets
  • 3.42%Net interest margin
  • 3.72%Noninterest income to earning assets
  • 0.47%Noninterest expense to earning assets
  • 3.72%Net operating income to assets
  • -0.04%Return on assets (ROA)
  • 0.23%Pretax return on assets
  • 0.26%Return on equity (ROE)
  • 3.39%Retained earnings to average equity (YTD only)
  • 3.39%Net charge-offs to loans
  • 1.44%Credit loss provision to net charge-offs
  • 51.29%Efficiency ratio
  • 82,265Assets per employee
  • 2.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.09%Loss allowance to noncurrent loans
  • 25.10%Noncurrent assets plus other real estate owned to assets
  • 5.14%Noncurrent loans to loans
  • 4.36%Net loans and leases to deposits
  • 52.77%Net loans and leases to core deposits
  • 54.97%Equity capital to assets
  • 6.85%Core capital (leverage) ratio
  • 5.79%Tier 1 risk-based capital ratio
  • 11.62%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $777,864Average earning assets
  • $52,864Average equity
  • $685,664Average loans

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