First Jersey Savings and Loan Association
Wyckoff, NJ
$288M
total assets, December 31, 1990
$288M
total assets, December 31, 1990
First Jersey Savings and Loan Association was a savings and loan in Wyckoff, NJ. It failed on Feb 8, 1991, and Valley NB took over its deposits. At its last report it held $287.7 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1990
This bank failed
- Failed on
- Feb 8, 1991
- Assets
- $288M
- Deposits
- $257M
- Estimated cost
- $37.8M
- Deposits went to
- Valley NB, Wayne, NJ
Total assets
$288M
-9.5% in a year · -1.9% in a quarter
Deposits
$257M
-6.2% in a year · -4.0% in a quarter
Loans
$218M
-9.9% in a year · -2.5% in a quarter
Profit so far
-$6.4M
Jan 1 to Dec 31, 1990 · -289.1% in a year
Capital ratio
-1.48%
-1.48 pts in a year
Return on assets
-2.12%
-3.10 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 392 Main St, Wyckoff, NJ, 07481
- County
- Bergen
- Established
- Jan 1, 1905
- Failed
- Feb 8, 1991
- Employees
- 70
- Id
- b28150
Quarter by quarter
March 31, 1984 to December 31, 1990
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 First Jersey Savings and Loan Association?
$287.7 million in total assets and $257.4 million in deposits as of December 31, 1990, with assets down 9.5% from a year before. Its loans were $217.9 million.
Is First Jersey Savings and Loan Association profitable?
No: it lost $6.42 million from January 1 to December 31, 1990. Its return on assets was -2.12% a year; about 1% is typical.
When did First Jersey Savings and Loan Association fail?
Feb 8, 1991. Valley NB of Wayne, NJ took over its deposits. The estimated cost of the failure was $37.8 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.