The Montclair Savings Bank in Montclair, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1993

  • The Montclair Savings Bank in Montclair, New Jersey (NJ)
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The Montclair Savings Bank - Overview

  • General
  • FDIC Certificate #: 16142
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Collective Bank (#28429)
    Federal Reserve ID: 725004
    Date Established: March 15, 1893
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 8 (Interstate: No)
    OTS Docket #: 8426
    FDIC's unique #: 10357
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 26, 1944
    Last Structure Change Effective Date: April 01, 1993
    Last Structure Change Process Date: April 23, 1993
    Last Data Update: April 23, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 441 Bloomfield Avenue, Montclair, NJ 7042
    County: Essex
    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)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $584.5 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $140Total assets
  • $604,363Cash and due from depository institutions
  • $7,280Interest-bearing balances
  • $0Securities
  • $132,250Federal funds sold & reverse repurchase agreements
  • $9,400Net loans & leases
  • $438,277Loan loss allowance
  • $6,453Trading account assets
  • $0Bank premises and fixed assets
  • $4,490Other real estate owned
  • $7,951Goodwill and other intangibles
  • $4,715Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $604,363Total liabilities
  • $540,404Total deposits
  • $531,567Interest-bearing deposits
  • $505,638Deposits held in domestic offices
  • 531567.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $4,841Trading liabilities
  • $0Other borrowed funds
  • $405Subordinated debt
  • $0All other liabilities
  • $3,591Total equity capital
  • $3,591Total bank equity capital
  • $63,959Perpetual preferred stock
  • $0Common stock
  • $4,945Surplus
  • $38,116Undivided profits
  • Memoranda
  • $20,898Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $22,171Income earned, not collected on loans
  • $2,496Earning assets
  • $579,927Long-term assets (5+ years)
  • $107,217Average Assets, year-to-date
  • $592,264Average Assets, quarterly
  • $597,665Volatile liabilities
  • $24,976Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $30,999Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $63,959Total risk weighted assets
  • $360,233Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $44,856Total interest expense
  • $24,434Net interest income
  • $20,422Provision for loan and lease losses
  • $2,400Total noninterest income
  • $639Fiduciary activities
  • $0Service charges on deposit accounts
  • $433Trading account gains & fees
  • $0Additional noninterest income
  • $206Total noninterest expense
  • $12,244Salaries and employee benefits
  • $5,313Premises and equipment expense
  • $1,432Additional noninterest expense
  • $5,499Pre-tax net operating income
  • $6,417Securities gains (losses)
  • $65Applicable income taxes
  • $2,906Income before extraordinary items
  • $3,576Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,576Net charge-offs
  • $1,092Cash dividends
  • $1,428Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.88%Cost of funding earning assets
  • 4.29%Net interest margin
  • 3.59%Noninterest income to earning assets
  • 0.11%Noninterest expense to earning assets
  • 2.15%Net operating income to assets
  • 0.60%Return on assets (ROA)
  • 0.60%Pretax return on assets
  • 1.09%Return on equity (ROE)
  • 5.71%Retained earnings to average equity (YTD only)
  • 3.43%Net charge-offs to loans
  • 0.24%Credit loss provision to net charge-offs
  • 219.78%Efficiency ratio
  • 58,136Assets per employee
  • 4.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.93%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 29.11%Noncurrent assets plus other real estate owned to assets
  • 4.98%Noncurrent loans to loans
  • 4.99%Net loans and leases to deposits
  • 82.45%Net loans and leases to core deposits
  • 85.63%Equity capital to assets
  • 10.58%Core capital (leverage) ratio
  • 10.73%Tier 1 risk-based capital ratio
  • 17.75%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $592,264Average earning assets
  • $62,673Average equity
  • $569,197Average loans
1
Melba L Brown
⚠
Oct 27, 2022 @ 3:15 pm
My father had a savings account passbook at the MSB for my brother with the last entry on 16MAR 78. The balance was $6.14. Both are deceased. Is there any cash/value available to me as their closest survivor? The account number on the passbook is: 9-37066.

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