Community Guardian Bank
Elmwood Park, NJ
$55.3M
total assets, June 30, 1991
$55.3M
total assets, June 30, 1991
Community Guardian Bank was a state nonmember bank in Elmwood Park, NJ. It failed on Jul 19, 1991, and Interchange State Bank took over its deposits. At its last report it held $55.3 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1991
This bank failed
- Failed on
- Jul 19, 1991
- Assets
- $55.3M
- Deposits
- $55.0M
- Estimated cost
- $16.0M
- Deposits went to
- Interchange State Bank, Saddle Brook, NJ
Total assets
$55.3M
-13.3% in a year · -4.7% in a quarter
Deposits
$55.0M
-11.0% in a year · -2.2% in a quarter
Loans
$42.4M
-2.5% in a year · -6.4% in a quarter
Profit so far
-$762K
Jan 1 to Jun 30, 1991
Capital ratio
-2.26%
-3.14 pts in a year
Return on assets
-2.65%
-0.34 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 507 Boulevard, Elmwood Park, NJ, 07407
- County
- Bergen
- Established
- Aug 6, 1985
- Failed
- Jul 19, 1991
- Employees
- 34
- Id
- b26331
Quarter by quarter
September 30, 1985 to June 30, 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 Community Guardian Bank?
$55.3 million in total assets and $55.0 million in deposits as of June 30, 1991, with assets down 13.3% from a year before. Its loans were $42.4 million.
Is Community Guardian Bank profitable?
No: it lost $762,000 from January 1 to June 30, 1991. Its return on assets was -2.65% a year; about 1% is typical.
When did Community Guardian Bank fail?
Jul 19, 1991. Interchange State Bank of Saddle Brook, NJ took over its deposits. The estimated cost of the failure was $16.0 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.