FDIC Certificate #: 20015 Status: Active Federal Reserve ID: 7009 Bank Holding Company (Regulatory Top Holder): Bessemer Group, Incorporated, The (RSSDID: 1246159, Location: Woodbridge, NJ) Date Established: January 01, 1907 WWW:http://www.bessemer.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 13746 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: August 14, 1969 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 100 Woodbridge Center Drive, Woodbridge, NJ 7095 County: Middlesex 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): Middlesex-Somerset-Hunterdon, NJ (#5015) 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)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $721.9 mil Equity capital: $50.6 mil Deposits held in domestic offices: $666.6 mil Return on assets (ROA): 1.64% ($11.8 mil) Quarterly return on assets: 1.29% ($9.3 mil) Return on Equity (ROE): 21.52% ($11.0 mil) Quarterly return on equity: 18.58% ($9.5 mil) Net income: $11.0 mil Quarterly Net income: $2.4 mil Pretax return on assets: 1.79% ($12,922.6 mil) Quarterly Pretax return on assets: 1.41% ($10,179.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
82Total employees (full-time equivalent)
$721,934Total assets
$5,719Cash and due from depository institutions
$5,351Interest-bearing balances
$423,260Securities
$0Federal funds sold & reverse repurchase agreements
$281,595Net loans & leases
$0Loan loss allowance
$5Trading account assets
$692Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$721,934Life insurance assets
$10,663All other assets
$671,326Total liabilities and capital
$666,594Total liabilities
$607,213Total deposits
$666,594Interest-bearing deposits
$48Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$4,732Subordinated debt
$50,608All other liabilities
$50,608Total equity capital
$50,608Total bank equity capital
$0Perpetual preferred stock
$500Common stock
$552Surplus
$49,556Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$3,184Long-term assets (5+ years)
$710,211Average Assets, year-to-date
$0Average Assets, quarterly
$672,692Volatile liabilities
$736,615Insider loans
$298,450FHLB advances
$740,673Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$48,744Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$3,300Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$11,522Total interest income
$366Total interest expense
$11,156Net interest income
$0Provision for loan and lease losses
$52,331Total noninterest income
$52,292Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$39Additional noninterest income
$51,850Total noninterest expense
$14,837Salaries and employee benefits
$990Premises and equipment expense
$36,023Additional noninterest expense
$11,637Pre-tax net operating income
$416Securities gains (losses)
$1,048Applicable income taxes
$11,005Income before extraordinary items
$0Extraordinary gains - net
$11,005Net income attributable to bank
$0Net charge-offs
$11,005Cash dividends
$0Sale, conversion, retirement of capital stock, net
$9,050Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
1.74%Yield on earning assets
0.06%Cost of funding earning assets
1.69%Net interest margin
7.93%Noninterest income to earning assets
7.85%Noninterest expense to earning assets
1.58%Net operating income to assets
1.64%Return on assets (ROA)
1.79%Pretax return on assets
21.52%Return on equity (ROE)
3.82%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
81,670Assets per employee
8.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
82.24%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
42.24%Net loans and leases to core deposits
42.24%Equity capital to assets
7.01%Core capital (leverage) ratio
6.58%Tier 1 risk-based capital ratio
16.33%Total risk-based capital ratio
Memoranda
$16Average assets
$672,692Average earning assets
$51,143Average equity
$660,318Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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