Allaire Community Bank in Sea Girt, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 22, 2005

  • Allaire Community Bank in Sea Girt, New Jersey (NJ)
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Allaire Community Bank - Overview

  • General
  • FDIC Certificate #: 34388
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Central Jersey Bank, National Association (#34612)
    Federal Reserve ID: 2578491
    Date Established: May 30, 1997
    WWW: http://www.allairebank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    FDIC's unique #: 57151
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 30, 1997
    Last Structure Change Effective Date: August 22, 2005
    Last Structure Change Process Date: September 20, 2005
    Last Data Update: September 20, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 2200 Route 35, Sea Girt, NJ 8750
    County: Monmouth
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Jamesburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Monmouth-Ocean, NJ (#5190)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: Edison-New Brunswick, NJ (#20764)
  • Financial Summary
  • Total assets: $200.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2004)

  • Dollar figures in thousands
  • 70Total employees (full-time equivalent)
  • $200,843Total assets
  • $6,736Cash and due from depository institutions
  • $3,560Interest-bearing balances
  • $65,741Securities
  • $150Federal funds sold & reverse repurchase agreements
  • $119,365Net loans & leases
  • $1,203Loan loss allowance
  • $0Trading account assets
  • $3,186Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $5,665All other assets
  • $200,843Total liabilities and capital
  • $184,997Total liabilities
  • $169,863Total deposits
  • $130,626Interest-bearing deposits
  • $169,863Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $9,400Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,500Other borrowed funds
  • $0Subordinated debt
  • $234All other liabilities
  • $15,846Total equity capital
  • $15,846Total bank equity capital
  • $15,846Perpetual preferred stock
  • $0Common stock
  • $6,654Surplus
  • $6,738Undivided profits
  • Memoranda
  • $2,454Noncurrent loans and leases
  • $33,784Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $851Earning assets
  • $0Long-term assets (5+ years)
  • $1,238Average Assets, year-to-date
  • $188,816Average Assets, quarterly
  • $118,494Volatile liabilities
  • $196,834Insider loans
  • $203,515FHLB advances
  • $26,686Loans and leases held for sale
  • $665Unused loan commitments
  • $5,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $33,784Total unused commitments
  • $0Restructured Loans and leases
  • $1,203Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $10,419Total interest income
  • $1,845Total interest expense
  • $8,574Net interest income
  • $113Provision for loan and lease losses
  • $601Total noninterest income
  • $0Fiduciary activities
  • $337Service charges on deposit accounts
  • $0Trading account gains & fees
  • $264Additional noninterest income
  • $6,183Total noninterest expense
  • $3,108Salaries and employee benefits
  • $1,066Premises and equipment expense
  • $2,009Additional noninterest expense
  • $2,879Pre-tax net operating income
  • $11Securities gains (losses)
  • $1,122Applicable income taxes
  • $1,768Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,768Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.61%Yield on earning assets
  • 0.99%Cost of funding earning assets
  • 4.62%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 3.33%Noninterest expense to earning assets
  • 0.89%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 1.47%Pretax return on assets
  • 11.96%Return on equity (ROE)
  • 11.96%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 67,390Assets per employee
  • 2.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 141.36%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 0.71%Net loans and leases to deposits
  • 70.27%Net loans and leases to core deposits
  • 75.51%Equity capital to assets
  • 7.89%Core capital (leverage) ratio
  • 7.97%Tier 1 risk-based capital ratio
  • 11.36%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $196,834Average earning assets
  • $14,781Average equity
  • $185,692Average loans

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