FDIC Certificate #: 29896 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Investors Bank (#28892) Federal Reserve ID: 15871 Date Established: January 01, 1891 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 4281 FDIC's unique #: 42730 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: June 09, 1937 Last Structure Change Effective Date: June 06, 2008 Last Structure Change Process Date: June 17, 2008 Last Data Update: June 17, 2008 Data Source Date: April 05, 2012
Location
Address: 393 Springfield Avenue, Summit, NJ 7901 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: $112.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
35Total employees (full-time equivalent)
$114,710Total assets
$14,775Cash and due from depository institutions
$13,243Interest-bearing balances
$59,114Securities
$0Federal funds sold & reverse repurchase agreements
$33,830Net loans & leases
$33Loan loss allowance
$0Trading account assets
$1,447Bank premises and fixed assets
$0Other real estate owned
$10Goodwill and other intangibles
$4,269Life insurance assets
$5,534All other assets
$114,710Total liabilities and capital
$99,277Total liabilities
$98,130Total deposits
$96,213Interest-bearing deposits
$98,130Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,147All other liabilities
$15,433Total equity capital
$15,433Total bank equity capital
$15,433Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$15,433Noncurrent loans and leases
$6,913Noncurrent 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)
$440Average Assets, year-to-date
$106,187Average Assets, quarterly
$0Volatile liabilities
$120,395Insider loans
$116,290FHLB advances
$9,291Loans and leases held for sale
$109Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,913Total unused commitments
$0Restructured Loans and leases
$33Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$5,427Total interest income
$1,811Total interest expense
$3,616Net interest income
$1Provision for loan and lease losses
$257Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$257Additional noninterest income
$3,970Total noninterest expense
$2,562Salaries and employee benefits
$794Premises and equipment expense
$614Additional noninterest expense
-$98Pre-tax net operating income
$0Securities gains (losses)
-$14Applicable income taxes
-$84Income before extraordinary items
$0Extraordinary gains - net
-$84Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.85%Yield on earning assets
1.62%Cost of funding earning assets
3.23%Net interest margin
0.23%Noninterest income to earning assets
3.55%Noninterest expense to earning assets
-0.07%Net operating income to assets
-0.07%Return on assets (ROA)
-0.08%Pretax return on assets
-0.52%Return on equity (ROE)
-0.52%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
102,505Assets per employee
3.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.10%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
34.47%Net loans and leases to core deposits
38.08%Equity capital to assets
13.45%Core capital (leverage) ratio
14.27%Tier 1 risk-based capital ratio
37.82%Total risk-based capital ratio
Memoranda
$38Average assets
$120,395Average earning assets
$16,051Average equity
$111,805Average loans
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