SLA Reports Year End Results of Operations

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