Broadway Bank & Trust Company
Paterson, NJ · Owner: Broadway Financial Corp
$401M
total assets, December 31, 1991
$401M
total assets, December 31, 1991
Broadway Bank & Trust Company was a state nonmember bank in Paterson, NJ, owned by Broadway Financial Corp. It failed on Mar 13, 1992, and Hudson United Bank took over its deposits. At its last report it held $400.5 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1991
This bank failed
- Failed on
- Mar 13, 1992
- Assets
- $401M
- Deposits
- $383M
- Estimated cost
- $76.2M
- Deposits went to
- Hudson United Bank, Union City, NJ
Total assets
$401M
-6.0% in a year · -1.3% in a quarter
Deposits
$383M
-2.4% in a year · -1.0% in a quarter
Loans
$297M
-11.3% in a year · -6.8% in a quarter
Profit so far
-$11.7M
Jan 1 to Dec 31, 1991
Capital ratio
0.61%
-0.71 pts in a year
Return on assets
-2.81%
+0.64 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 100 Hamilton Plaza, Paterson, NJ, 07509
- County
- Passaic
- Holding company
- Broadway Financial Corp
- Established
- Jan 1, 1925
- Failed
- Mar 13, 1992
- Employees
- 262
- Id
- b15000
Quarter by quarter
March 31, 1984 to December 31, 1991
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Broadway Bank & Trust Company?
$400.5 million in total assets and $383.3 million in deposits as of December 31, 1991, with assets down 6.0% from a year before. Its loans were $297.4 million.
Is Broadway Bank & Trust Company profitable?
No: it lost $11.7 million from January 1 to December 31, 1991. Its return on assets was -2.81% a year; about 1% is typical.
Who owns Broadway Bank & Trust Company?
Broadway Bank & Trust Company is owned by Broadway Financial Corp, its holding company.
When did Broadway Bank & Trust Company fail?
Mar 13, 1992. Hudson United Bank of Union City, NJ took over its deposits. The estimated cost of the failure was $76.2 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.