North Jersey Savings and Loan Association
Passaic, NJ
$210M
total assets, September 30, 1990
$210M
total assets, September 30, 1990
North Jersey Savings and Loan Association was a savings and loan in Passaic, NJ. It failed on Feb 17, 1989, and Valley NB took over its deposits. At its last report it held $278.1 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1990
This bank failed
- Failed on
- Feb 17, 1989
- Assets
- $278M
- Deposits
- $304M
- Estimated cost
- $132M
- Deposits went to
- Valley NB, Wayne, NJ
Total assets
$210M
-20.6% in a year · -1.0% in a quarter
Deposits
$249M
-12.5% in a year · -0.7% in a quarter
Loans
$189M
-13.8% in a year · -4.5% in a quarter
Profit so far
-$16.9M
Jan 1 to Sep 30, 1990
Capital ratio
-58.23%
-58.23 pts in a year
Return on assets
-9.89%
-3.41 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 625 Main Ave, Passaic, NJ, 07055
- County
- Passaic
- Established
- Apr 1, 1939
- Failed
- Dec 21, 1990
- Employees
- 84
- Id
- b30050
Quarter by quarter
March 31, 1984 to September 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 North Jersey Savings and Loan Association?
$209.7 million in total assets and $248.9 million in deposits as of September 30, 1990, with assets down 20.6% from a year before. Its loans were $189.1 million.
Is North Jersey Savings and Loan Association profitable?
No: it lost $16.9 million from January 1 to September 30, 1990. Its return on assets was -9.89% a year; about 1% is typical.
When did North Jersey Savings and Loan Association fail?
Feb 17, 1989. Valley NB of Wayne, NJ took over its deposits. The estimated cost of the failure was $131.5 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.