Provident financial services, inc. (PFS)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
ASSETS
Cash and due from banks

237

131

178

141

141

86

103

91

82

139

97

101

106

92

117

116

107

100

127

102

89

102

87

131

80

100

92

79

63

101

105

75

68

68

122

185

103

51

106

269

120

Short-term investments

133

55

82

66

56

56

45

50

51

51

51

52

51

51

42

1

0

1

1

2

1

1

1

1

1

1

2

1

1

1

1

2

1

1

1

1

1

0

0

2

2

Total cash and cash equivalents

370

186

260

207

197

142

149

141

133

190

148

153

158

144

159

117

108

102

128

104

90

103

88

132

81

101

95

80

64

103

107

77

69

69

124

187

104

52

107

271

123

Available for sale debt securities, at fair value

989

976

1,052

1,102

1,083

1,063

1,042

1,052

1,039

1,037

1,028

1,038

1,048

1,040

1,032

1,013

984

964

994

1,031

1,047

1,074

1,110

1,156

1,130

1,157

1,146

1,174

1,215

1,264

1,337

1,309

1,399

1,376

1,305

1,250

1,261

1,378

1,375

1,261

1,333

Held to maturity debt securities, net (fair value of $459,224 at March 31, 2020 (unaudited) and $467,966 at December 31, 2019)

445

453

461

474

472

479

474

473

466

477

481

492

489

488

476

478

472

473

471

471

473

469

460

454

357

357

358

351

342

359

352

363

351

348

351

348

341

346

334

332

335

Total Portfolio

445

453

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity securities, at fair value

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal Home Loan Bank stock

61

57

68

74

68

68

71

76

74

81

70

78

76

75

71

76

72

78

78

77

67

69

68

70

59

58

49

47

40

37

37

40

38

38

38

38

36

38

34

35

34

Loans

7,372

7,332

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less allowance for credit losses

75

55

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans, net of allowance for credit losses

7,296

7,277

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loans

7,296

7,277

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans

-

-

7,266

7,293

7,223

7,250

7,228

7,253

7,291

7,325

7,028

7,031

6,998

7,003

6,890

6,780

6,638

6,537

6,430

6,308

6,124

6,085

5,966

5,910

5,257

5,194

5,083

4,998

4,910

4,904

4,818

4,735

4,658

4,653

4,568

4,453

4,457

4,409

4,344

4,327

4,384

Less allowance for loan losses

-

-

57

62

55

55

53

58

62

60

60

62

62

61

61

60

62

61

60

59

61

61

63

63

63

64

66

67

70

70

70

72

73

74

73

72

72

68

68

61

60

Net loans

-

-

7,209

7,230

7,168

7,195

7,174

7,194

7,228

7,265

6,967

6,968

6,935

6,941

6,829

6,720

6,575

6,476

6,370

6,248

6,063

6,023

5,902

5,846

5,194

5,130

5,017

4,931

4,840

4,834

4,748

4,662

4,584

4,579

4,494

4,381

4,384

4,341

4,275

4,265

4,323

Foreclosed assets, net

4

2

1

1

1

1

5

6

7

6

5

6

7

7

10

10

11

10

10

8

5

5

6

6

6

5

7

13

12

12

13

13

14

12

6

6

2

2

5

4

6

Banking premises and equipment held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

9

-

-

-

-

-

Banking premises and equipment, net

54

55

55

55

56

58

59

60

61

63

78

80

82

84

85

86

88

88

90

91

92

92

96

96

68

66

67

67

67

66

67

67

65

66

65

66

74

74

72

73

76

Accrued interest receivable

27

29

29

31

31

31

29

29

28

29

27

27

26

27

25

26

25

25

24

25

24

25

24

25

21

22

21

22

22

24

22

23

22

24

23

24

23

25

23

24

25

Intangible assets

436

437

437

437

417

418

418

419

419

420

420

421

422

422

423

424

425

426

429

432

403

404

404

405

356

356

356

357

357

357

358

359

360

360

361

352

353

354

355

355

358

Bank-owned life insurance

195

195

195

194

192

193

192

192

190

189

188

188

189

188

187

185

184

183

181

180

179

177

176

174

151

150

149

148

148

147

145

144

143

142

140

139

138

136

135

134

132

Other assets

202

136

144

126

111

73

91

84

82

82

76

83

73

79

89

87

78

82

78

78

76

76

79

79

73

80

72

79

75

76

73

72

70

78

75

73

72

74

61

63

87

Total assets

10,084

9,808

9,918

9,938

9,802

9,725

9,709

9,732

9,734

9,845

9,495

9,539

9,509

9,500

9,390

9,226

9,026

8,911

8,858

8,751

8,525

8,523

8,418

8,449

7,500

7,487

7,341

7,274

7,186

7,283

7,264

7,134

7,121

7,097

6,997

6,879

6,793

6,824

6,782

6,823

6,836

LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits:
Demand deposits

5,523

5,384

5,131

5,090

5,046

5,027

4,994

4,953

4,990

4,996

4,880

4,743

4,735

4,803

4,784

4,439

4,353

4,198

4,083

4,030

4,031

3,971

3,928

3,952

3,494

3,473

3,488

3,420

3,435

3,556

3,468

3,251

3,199

3,136

3,012

2,835

2,736

2,706

2,687

2,636

2,522

Savings deposits

990

983

985

1,006

1,051

1,051

1,047

1,070

1,100

1,083

1,083

1,107

1,115

1,099

1,074

1,055

1,005

985

982

988

985

995

983

1,005

928

921

921

945

925

914

897

921

905

891

883

934

901

893

887

893

868

Certificates of deposit of $100,000 or more

406

438

534

464

478

414

351

325

340

316

296

308

326

290

293

344

389

324

328

350

342

342

314

360

255

270

283

295

304

324

342

349

372

383

399

411

410

412

423

427

469

Other time deposits

290

295

309

313

326

335

326

323

325

318

331

341

352

360

375

390

405

415

430

445

463

483

501

518

513

536

562

587

610

632

664

684

717

745

778

811

840

866

906

949

1,038

Total deposits

7,210

7,102

6,961

6,874

6,903

6,830

6,719

6,673

6,756

6,714

6,591

6,500

6,529

6,553

6,527

6,229

6,154

5,923

5,825

5,814

5,823

5,792

5,727

5,838

5,191

5,202

5,255

5,248

5,276

5,428

5,373

5,206

5,194

5,156

5,074

4,992

4,887

4,877

4,904

4,906

4,899

Mortgage escrow deposits

28

26

25

29

27

25

25

30

26

25

25

28

26

24

24

28

25

23

24

25

23

21

21

22

22

20

21

23

22

21

21

24

23

20

20

22

21

19

18

21

18

Borrowed funds

1,213

1,125

1,380

1,512

1,398

1,442

1,529

1,641

1,590

1,742

1,525

1,676

1,640

1,612

1,522

1,665

1,570

1,707

1,760

1,684

1,468

1,509

1,490

1,418

1,220

1,203

1,016

969

854

803

834

884

893

920

912

891

923

969

903

955

999

Other liabilities

219

140

153

129

99

68

102

76

55

64

53

49

45

57

71

73

61

60

64

59

52

55

49

48

45

49

50

46

43

49

46

45

44

47

40

34

35

35

34

29

34

Total liabilities

8,672

8,394

8,520

8,546

8,428

8,366

8,378

8,421

8,429

8,546

8,194

8,255

8,242

8,248

8,145

7,997

7,812

7,715

7,674

7,584

7,367

7,379

7,289

7,327

6,479

6,476

6,344

6,287

6,196

6,302

6,276

6,160

6,155

6,144

6,047

5,941

5,867

5,902

5,861

5,912

5,951

Stockholders’ Equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.01 par value, 200,000,000 shares authorized, 83,209,293 shares issued and 65,770,728 shares outstanding at March 31, 2020 and 65,787,900 outstanding at December 31, 2019

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in capital

1,008

1,007

1,028

1,025

1,023

1,021

1,019

1,017

1,014

1,012

1,010

1,008

1,005

1,005

1,003

1,003

1,001

1,000

999

998

996

995

1,026

1,025

1,023

1,026

1,024

1,024

1,022

1,021

1,020

1,019

1,019

1,019

1,019

1,019

1,018

1,017

1,016

1,016

1,014

Retained earnings

686

695

682

666

657

651

627

606

600

586

586

573

561

550

538

526

517

507

495

485

474

465

452

442

435

427

417

410

399

389

390

382

374

363

353

345

338

332

325

318

307

Accumulated other comprehensive income

14

3

6

3

-5

-12

-24

-19

-16

-7

-0

-1

-2

-3

5

7

4

-2

2

-1

3

0

1

4

-0

-4

-5

-6

6

7

13

9

9

9

17

15

11

14

22

20

7

Treasury stock

274

268

292

277

274

272

259

260

261

259

260

261

261

264

265

268

269

269

270

271

272

271

304

304

389

390

390

391

386

386

383

383

383

384

386

385

385

385

385

385

384

Unallocated common stock held by the Employee Stock Ownership Plan

24

24

27

28

28

29

31

32

33

33

35

36

37

37

39

40

41

41

43

44

44

45

46

47

48

48

49

50

51

52

53

54

54

55

56

57

57

58

59

60

61

Common stock acquired by the Directors’ Deferred Fee Plan

3

3

4

4

4

4

4

4

5

5

5

5

5

5

6

6

6

6

6

6

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

Deferred compensation – Directors’ Deferred Fee Plan

3

3

4

4

4

4

4

4

5

5

5

5

5

5

6

6

6

6

6

6

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

Total stockholders’ equity

1,412

1,413

1,397

1,391

1,373

1,358

1,331

1,311

1,304

1,298

1,300

1,283

1,267

1,251

1,244

1,229

1,214

1,196

1,183

1,167

1,157

1,144

1,129

1,121

1,021

1,010

996

986

990

981

988

974

965

952

949

938

926

921

921

910

884

Total liabilities and stockholders’ equity

10,084

9,808

9,918

9,938

9,802

9,725

9,709

9,732

9,734

9,845

9,495

9,539

9,509

9,500

9,390

9,226

9,026

8,911

8,858

8,751

8,525

8,523

8,418

8,449

7,500

7,487

7,341

7,274

7,186

7,283

7,264

7,134

7,121

7,097

6,997

6,879

6,793

6,824

6,782

6,823

6,836