FDIC Certificate #: 35143 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Cape Bank (#28395) Federal Reserve ID: 2835626 Date Established: July 28, 1999 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) FDIC's unique #: 75135 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: July 28, 1999 Last Structure Change Effective Date: Febuary 01, 2008 Last Structure Change Process Date: March 25, 2008 Last Data Update: March 25, 2008 Data Source Date: April 05, 2012
Location
Address: 201 Shore Road, Linwood, NJ 8221 County: Atlantic 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): Atlantic-Cape May, NJ (#560) Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77) Core Based Statistical Area (CBSA): Atlantic City-Hammonton, NJ (#12100) CBSA Metro Statistical Area: Atlantic City-Hammonton, NJ (#12100)
Financial Summary
Total assets: $450.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2007)
Dollar figures in thousands
89Total employees (full-time equivalent)
$450,157Total assets
$8,592Cash and due from depository institutions
$3,818Interest-bearing balances
$95,997Securities
$0Federal funds sold & reverse repurchase agreements
$312,407Net loans & leases
$3,791Loan loss allowance
$0Trading account assets
$15,577Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$9,986Life insurance assets
$17,584All other assets
$450,157Total liabilities and capital
$410,821Total liabilities
$314,732Total deposits
$279,209Interest-bearing deposits
$314,732Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$95,165Other borrowed funds
$0Subordinated debt
$924All other liabilities
$39,336Total equity capital
$39,336Total bank equity capital
$39,336Perpetual preferred stock
$0Common stock
$15,999Surplus
$18,403Undivided profits
Memoranda
$4,934Noncurrent loans and leases
$81,284Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$6,358Earning assets
$0Long-term assets (5+ years)
$2,252Average Assets, year-to-date
$412,222Average Assets, quarterly
$80,919Volatile liabilities
$451,343Insider loans
$447,533FHLB advances
$141,288Loans and leases held for sale
$16,246Unused loan commitments
$85,165Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$81,284Total unused commitments
$0Restructured Loans and leases
$3,791Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$29,001Total interest income
$15,899Total interest expense
$13,102Net interest income
$521Provision for loan and lease losses
$1,247Total noninterest income
$0Fiduciary activities
$458Service charges on deposit accounts
$0Trading account gains & fees
$789Additional noninterest income
$10,011Total noninterest expense
$5,750Salaries and employee benefits
$1,679Premises and equipment expense
$2,582Additional noninterest expense
$3,817Pre-tax net operating income
-$1,667Securities gains (losses)
-$11Applicable income taxes
$2,161Income before extraordinary items
$0Extraordinary gains - net
$2,161Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.02%Yield on earning assets
3.85%Cost of funding earning assets
3.17%Net interest margin
0.30%Noninterest income to earning assets
2.42%Noninterest expense to earning assets
0.85%Net operating income to assets
0.48%Return on assets (ROA)
0.48%Pretax return on assets
5.50%Return on equity (ROE)
5.50%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
17366.67%Credit loss provision to net charge-offs
1446.00%Efficiency ratio
69,768Assets per employee
5.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.20%Loss allowance to noncurrent loans
59.63%Noncurrent assets plus other real estate owned to assets
1.41%Noncurrent loans to loans
2.01%Net loans and leases to deposits
99.26%Net loans and leases to core deposits
148.34%Equity capital to assets
8.74%Core capital (leverage) ratio
9.43%Tier 1 risk-based capital ratio
10.51%Total risk-based capital ratio
Memoranda
$11Average assets
$451,343Average earning assets
$39,271Average equity
$412,915Average loans
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