Valley Savings Bank in Closter, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 19, 1994

  • Valley Savings Bank in Closter, New Jersey (NJ)
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Valley Savings Bank - Overview

  • General
  • FDIC Certificate #: 27954
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Summit Bank (#550)
    Federal Reserve ID: 536572
    Date Established: January 01, 1888
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 613
    FDIC's unique #: 40788
    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: June 11, 1937
    Last Structure Change Effective Date: November 19, 1994
    Last Structure Change Process Date: December 05, 1994
    Last Data Update: December 05, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 15 Ver Valen St Closter Plaza, Closter, NJ 7624
    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: $374.0 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)
  • $85Total assets
  • $384,266Cash and due from depository institutions
  • $5,401Interest-bearing balances
  • $0Securities
  • $236,876Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $131,489Loan loss allowance
  • $2,051Trading account assets
  • $0Bank premises and fixed assets
  • $3,928Other real estate owned
  • $2,349Goodwill and other intangibles
  • $4,223Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $384,266Total liabilities
  • $339,275Total deposits
  • $296,172Interest-bearing deposits
  • $292,295Deposits held in domestic offices
  • 296172.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $19,697Trading liabilities
  • $0Other borrowed funds
  • $20,330Subordinated debt
  • $0All other liabilities
  • $3,076Total equity capital
  • $3,076Total bank equity capital
  • $44,991Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $22,133Undivided profits
  • Memoranda
  • $22,857Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,616Income earned, not collected on loans
  • $635Earning assets
  • $368,365Long-term assets (5+ years)
  • $26,479Average Assets, year-to-date
  • $368,050Average Assets, quarterly
  • $381,833Volatile liabilities
  • $45,627Insider loans
  • $306FHLB advances
  • $0Loans and leases held for sale
  • $2,911Unused loan commitments
  • $21,540Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $44,991Total risk weighted assets
  • $148,805Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $23,498Total interest expense
  • $10,515Net interest income
  • $12,983Provision for loan and lease losses
  • $110Total noninterest income
  • $1,243Fiduciary activities
  • $0Service charges on deposit accounts
  • $331Trading account gains & fees
  • $0Additional noninterest income
  • $912Total noninterest expense
  • $7,167Salaries and employee benefits
  • $3,488Premises and equipment expense
  • $704Additional noninterest expense
  • $2,975Pre-tax net operating income
  • $6,949Securities gains (losses)
  • $0Applicable income taxes
  • $2,265Income before extraordinary items
  • $4,684Extraordinary gains - net
  • $781Net income attributable to bank
  • $5,465Net charge-offs
  • $158Cash dividends
  • $690Sale, conversion, retirement of capital stock, net
  • $249Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.70%Cost of funding earning assets
  • 3.00%Net interest margin
  • 3.70%Noninterest income to earning assets
  • 0.35%Noninterest expense to earning assets
  • 2.04%Net operating income to assets
  • 1.27%Return on assets (ROA)
  • 1.48%Pretax return on assets
  • 2.10%Return on equity (ROE)
  • 12.95%Retained earnings to average equity (YTD only)
  • 11.32%Net charge-offs to loans
  • 0.11%Credit loss provision to net charge-offs
  • 69.62%Efficiency ratio
  • 50,380Assets per employee
  • 4.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 12.63%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 78.40%Noncurrent assets plus other real estate owned to assets
  • 1.25%Noncurrent loans to loans
  • 1.96%Net loans and leases to deposits
  • 44.40%Net loans and leases to core deposits
  • 45.25%Equity capital to assets
  • 11.71%Core capital (leverage) ratio
  • 11.83%Tier 1 risk-based capital ratio
  • 30.23%Total risk-based capital ratio
  • Memoranda
  • $31Average assets
  • $368,050Average earning assets
  • $42,191Average equity
  • $350,954Average loans

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