First Savings had assets of $577.0 million at March 31, 1997
compared to $651.9 million at March 31, 1996. Department of the Treasury as a
means of borrowing money to meet government expenditures not covered by tax
revenues. in the Bank's available for sale portfolio. Loans receivable, net as
of March 31, 1997 increased to $235.6 million from $224.0 million at March 31,
1996. Securities available for sale (at market value) decreased to $290.6
million from $382.7 for the same period. Total deposits decreased slightly to
$444.1 million at March 31, 1997 from $445.4 million at March 31, 1996. Total
Stockholders' Equity Stockholders' Equity
The portion of the balance
sheet that includes capital received from investors in exchange for stock
(paidin capital), donated capital, and retained earnings. This is equal to total
assets minus liabilities, preferred stock and intangible assets. was $48.3
million at March 31, 1997 versus $49.5 million at March 31, 1996. Nilan further
commented that the decrease in Stockholders' Equity was largely the result of
the aforementioned adjustments Customized Nike NFL Jersey however, the $2.8 million realized loss on the
sale of a portion of the investment portfolio had previously been adjusted
through stockholders' equity.
First Savings is a New Jersey charted savings and loan association savings and loan association, type of financial institution that was originally created to accept savings Customized Nike NFL Jersey from private investors and to provide home mortgage services for the public.
According to
tradition, the city derives its name from the city of Bayonne in France. . The
Bank conducts business through its main office and three branch offices located
in Bayonne, Customized Nike NFL Jersey. On Dec. 27, 1996 First Savings announced plans for a
second step conversion from a mutual holding company to a stock holding company,
which is expected to be completed in the quarter ended Sept. 30, 1997. The
Bank's deposits are insured by the Federal Deposit Insurance Corp
.