Bergen Commercial Bank in Paramus, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2006

  • Bergen Commercial Bank in Paramus, New Jersey (NJ)
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Bergen Commercial Bank - Overview

  • General
  • FDIC Certificate #: 27180
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Greater Community Bank (#26480)
    Federal Reserve ID: 1169913
    Date Established: Febuary 22, 1988
    WWW: http://www.bergencommercial.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 12168
    FDIC's unique #: 39020
    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: Febuary 22, 1988
    Last Structure Change Effective Date: January 01, 2006
    Last Structure Change Process Date: Febuary 14, 2006
    Last Data Update: Febuary 14, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: Two Sears Drive, Paramus, NJ 7653
    County: Bergen
    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): Bergen-Passaic, NJ (#875)
    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: New York-White Plains-Wayne, NY-NJ (#35644)
  • Financial Summary
  • Total assets: $292.2 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, 2005)

  • Dollar figures in thousands
  • 51Total employees (full-time equivalent)
  • $292,181Total assets
  • $14,324Cash and due from depository institutions
  • $5,347Interest-bearing balances
  • $33,372Securities
  • $2,900Federal funds sold & reverse repurchase agreements
  • $224,131Net loans & leases
  • $3,047Loan loss allowance
  • $0Trading account assets
  • $3,407Bank premises and fixed assets
  • $0Other real estate owned
  • $1,459Goodwill and other intangibles
  • $0Life insurance assets
  • $12,588All other assets
  • $292,181Total liabilities and capital
  • $265,436Total liabilities
  • $233,964Total deposits
  • $167,166Interest-bearing deposits
  • $233,964Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,790Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $25,000Other borrowed funds
  • $0Subordinated debt
  • $2,682All other liabilities
  • $26,745Total equity capital
  • $26,745Total bank equity capital
  • $26,745Perpetual preferred stock
  • $0Common stock
  • $926Surplus
  • $8,805Undivided profits
  • Memoranda
  • $17,014Noncurrent loans and leases
  • $74,790Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $821Earning assets
  • $0Long-term assets (5+ years)
  • $1,446Average Assets, year-to-date
  • $265,750Average Assets, quarterly
  • $78,525Volatile liabilities
  • $295,333Insider loans
  • $309,271FHLB advances
  • $31,528Loans and leases held for sale
  • $9,015Unused loan commitments
  • $25,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $74,790Total unused commitments
  • $154Restructured Loans and leases
  • $3,011Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $16,728Total interest income
  • $4,809Total interest expense
  • $11,919Net interest income
  • $355Provision for loan and lease losses
  • $1,677Total noninterest income
  • $0Fiduciary activities
  • $1,253Service charges on deposit accounts
  • $0Trading account gains & fees
  • $424Additional noninterest income
  • $6,922Total noninterest expense
  • $3,948Salaries and employee benefits
  • $876Premises and equipment expense
  • $2,098Additional noninterest expense
  • $6,319Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,138Applicable income taxes
  • $4,181Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,181Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $13Sale, conversion, retirement of capital stock, net
  • $1,000Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.21%Yield on earning assets
  • 1.79%Cost of funding earning assets
  • 4.42%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 2.57%Noninterest expense to earning assets
  • 1.42%Net operating income to assets
  • 1.42%Return on assets (ROA)
  • 2.14%Pretax return on assets
  • 16.53%Return on equity (ROE)
  • 12.58%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 2730.77%Credit loss provision to net charge-offs
  • 513.38%Efficiency ratio
  • 50,912Assets per employee
  • 5.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 23.92%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 371.13%Noncurrent assets plus other real estate owned to assets
  • 0.28%Noncurrent loans to loans
  • 0.36%Net loans and leases to deposits
  • 95.80%Net loans and leases to core deposits
  • 108.68%Equity capital to assets
  • 9.15%Core capital (leverage) ratio
  • 8.55%Tier 1 risk-based capital ratio
  • 10.53%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $295,333Average earning assets
  • $25,296Average equity
  • $269,368Average loans

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