Banco Popular, National Association (New Jersey) - Overview
General
FDIC Certificate #: 33976 Status: Inactive Closing history: Corrections Acquiring institution:Banco Popular North America (#34967) Federal Reserve ID: 2267058 Date Established: January 20, 1995 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 9 (Interstate: No) OTS Docket #: 12764 FDIC's unique #: 55350 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes State Chartered: No Date of Deposit Insurance: January 20, 1995 Last Structure Change Effective Date: January 02, 1999 Last Structure Change Process Date: Febuary 26, 1999 Last Data Update: March 29, 1999 Data Source Date: April 05, 2012
Location
Address: 500 Bloomfield Avenue, Newark, NJ 7107 County: Essex 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): Newark, NJ (#5640) 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: Newark-Union, NJ-PA (#35084)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $1,770.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
937Total employees (full-time equivalent)
$1,770,123Total assets
$15,350Cash and due from depository institutions
$5,542Interest-bearing balances
$20,556Securities
$0Federal funds sold & reverse repurchase agreements
$1,672,668Net loans & leases
$22,742Loan loss allowance
$0Trading account assets
$6,607Bank premises and fixed assets
$15,078Other real estate owned
$13,278Goodwill and other intangibles
$0Life insurance assets
$26,586All other assets
$1,770,123Total liabilities and capital
$1,604,284Total liabilities
$310,155Total deposits
$291,225Interest-bearing deposits
$310,155Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,269,606Other borrowed funds
$0Subordinated debt
$24,523All other liabilities
$165,839Total equity capital
$165,839Total bank equity capital
$165,839Perpetual preferred stock
$0Common stock
$1,401Surplus
$97,908Undivided profits
Memoranda
$66,530Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$36,761Earning assets
$0Long-term assets (5+ years)
$12,035Average Assets, year-to-date
$1,698,766Average Assets, quarterly
$1,243,044Volatile liabilities
$1,592,104Insider loans
$1,715,949FHLB advances
$601,141Loans and leases held for sale
$345Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$79,960Total unused commitments
$0Restructured Loans and leases
$1,171,292Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$162,816Total interest income
$92,104Total interest expense
$70,712Net interest income
$15,112Provision for loan and lease losses
$24,097Total noninterest income
$0Fiduciary activities
$1,484Service charges on deposit accounts
$0Trading account gains & fees
$22,613Additional noninterest income
$50,073Total noninterest expense
$21,119Salaries and employee benefits
$6,474Premises and equipment expense
$22,480Additional noninterest expense
$29,624Pre-tax net operating income
$0Securities gains (losses)
$11,813Applicable income taxes
$17,811Income before extraordinary items
$0Extraordinary gains - net
$17,811Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$13,548Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.75%Yield on earning assets
6.08%Cost of funding earning assets
4.67%Net interest margin
1.59%Noninterest income to earning assets
3.31%Noninterest expense to earning assets
1.12%Net operating income to assets
1.12%Return on assets (ROA)
1.86%Pretax return on assets
11.36%Return on equity (ROE)
11.36%Retained earnings to average equity (YTD only)
0.90%Net charge-offs to loans
111.54%Credit loss provision to net charge-offs
3.30%Efficiency ratio
50,252Assets per employee
1.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
61.86%Noncurrent assets plus other real estate owned to assets
2.93%Noncurrent loans to loans
2.17%Net loans and leases to deposits
539.30%Net loans and leases to core deposits
593.84%Equity capital to assets
9.37%Core capital (leverage) ratio
8.68%Tier 1 risk-based capital ratio
13.09%Total risk-based capital ratio
Memoranda
$14Average assets
$1,592,104Average earning assets
$156,838Average equity
$1,514,959Average loans
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