FDIC Certificate #: 28568 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Lakeview Savings Bank (#28338) Federal Reserve ID: 546375 Date Established: January 01, 1906 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 1862 FDIC's unique #: 41402 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: January 04, 1954 Last Structure Change Effective Date: Febuary 28, 1998 Last Structure Change Process Date: March 18, 1998 Last Data Update: March 21, 1998 Data Source Date: April 05, 2012
Location
Address: 700-88 Broadway, Westwood, NJ 7675 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: $110.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
15Total employees (full-time equivalent)
$110,300Total assets
$7,288Cash and due from depository institutions
$6,721Interest-bearing balances
$58,828Securities
$1,000Federal funds sold & reverse repurchase agreements
$40,437Net loans & leases
$245Loan loss allowance
$0Trading account assets
$694Bank premises and fixed assets
$0Other real estate owned
$1,061Goodwill and other intangibles
$0Life insurance assets
$992All other assets
$110,300Total liabilities and capital
$101,250Total liabilities
$90,810Total deposits
$88,586Interest-bearing deposits
$90,810Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,000Other borrowed funds
$0Subordinated debt
$440All other liabilities
$9,050Total equity capital
$9,050Total bank equity capital
$9,050Perpetual preferred stock
$0Common stock
$2Surplus
$1,662Undivided profits
Memoranda
$7,386Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$157Earning assets
$0Long-term assets (5+ years)
$220Average Assets, year-to-date
$106,986Average Assets, quarterly
$54,087Volatile liabilities
$108,044Insider loans
$109,636FHLB advances
$14,404Loans and leases held for sale
$113Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,985Total unused commitments
$0Restructured Loans and leases
$41,020Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$7,499Total interest income
$4,461Total interest expense
$3,038Net interest income
$35Provision for loan and lease losses
$182Total noninterest income
$0Fiduciary activities
$120Service charges on deposit accounts
$0Trading account gains & fees
$62Additional noninterest income
$1,626Total noninterest expense
$770Salaries and employee benefits
$239Premises and equipment expense
$617Additional noninterest expense
$1,559Pre-tax net operating income
-$80Securities gains (losses)
$563Applicable income taxes
$916Income before extraordinary items
$0Extraordinary gains - net
$916Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$4Sale, conversion, retirement of capital stock, net
$161Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.16%Yield on earning assets
4.26%Cost of funding earning assets
2.90%Net interest margin
0.17%Noninterest income to earning assets
1.55%Noninterest expense to earning assets
0.90%Net operating income to assets
0.85%Return on assets (ROA)
1.37%Pretax return on assets
10.76%Return on equity (ROE)
8.87%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
875.00%Credit loss provision to net charge-offs
398.50%Efficiency ratio
47,578Assets per employee
7.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
17.58%Loss allowance to loans
0.60%Loss allowance to noncurrent loans
156.05%Noncurrent assets plus other real estate owned to assets
0.14%Noncurrent loans to loans
0.39%Net loans and leases to deposits
44.53%Net loans and leases to core deposits
46.80%Equity capital to assets
8.20%Core capital (leverage) ratio
7.36%Tier 1 risk-based capital ratio
19.48%Total risk-based capital ratio
Memoranda
$20Average assets
$108,044Average earning assets
$8,510Average equity
$104,745Average loans
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