Mountain Ridge State Bank
West Orange, NJ
$51.4M
total assets, June 30, 1990
$51.4M
total assets, June 30, 1990
Mountain Ridge State Bank was a state nonmember bank in West Orange, NJ. It failed on Oct 5, 1990, and Mountain Ridge Bank took over its deposits. At its last report it held $51.4 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1990
This bank failed
- Failed on
- Oct 5, 1990
- Assets
- $51.4M
- Deposits
- $50.2M
- Estimated cost
- $12.8M
- Deposits went to
- Mountain Ridge Bank, West Orange, NJ
Total assets
$51.4M
-27.2% in a year · -6.6% in a quarter
Deposits
$50.2M
-22.5% in a year · -6.5% in a quarter
Loans
$41.7M
-14.8% in a year · -2.5% in a quarter
Profit so far
$6K
Jan 1 to Jun 30, 1990 · -98.8% in a year
Capital ratio
1.52%
-3.41 pts in a year
Return on assets
0.02%
-1.42 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 1 Essex Green Shopping Center, West Orange, NJ, 07052
- County
- Essex
- Established
- Jun 10, 1974
- Failed
- Oct 5, 1990
- Employees
- 31
- Id
- b21619
Quarter by quarter
March 31, 1984 to June 30, 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 Mountain Ridge State Bank?
$51.4 million in total assets and $50.2 million in deposits as of June 30, 1990, with assets down 27.2% from a year before. Its loans were $41.7 million.
Is Mountain Ridge State Bank profitable?
Yes: it earned $6,000 from January 1 to June 30, 1990 (down 98.8% from the same months a year before). Its return on assets was 0.02% a year; about 1% is typical.
When did Mountain Ridge State Bank fail?
Oct 5, 1990. Mountain Ridge Bank of West Orange, NJ took over its deposits. The estimated cost of the failure was $12.8 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.