FDIC Certificate #: 31425 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Peapack-Gladstone Bank (#11035) Federal Reserve ID: 73077 Date Established: January 01, 1908 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 6944 FDIC's unique #: 44259 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: June 25, 1964 Last Structure Change Effective Date: January 08, 2000 Last Structure Change Process Date: March 29, 2000 Last Data Update: March 29, 2000 Data Source Date: April 05, 2012
Location
Address: 311 Main Street, Chatham, NJ 7928 County: Morris 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)
Financial Summary
Total assets: $79.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
16Total employees (full-time equivalent)
$79,589Total assets
$2,384Cash and due from depository institutions
$1,752Interest-bearing balances
$29,480Securities
$0Federal funds sold & reverse repurchase agreements
$45,097Net loans & leases
$381Loan loss allowance
$0Trading account assets
$493Bank premises and fixed assets
$0Other real estate owned
$763Goodwill and other intangibles
$0Life insurance assets
$1,372All other assets
$79,589Total liabilities and capital
$72,729Total liabilities
$69,301Total deposits
$69,301Interest-bearing deposits
$69,301Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,000Other borrowed funds
$0Subordinated debt
$428All other liabilities
$6,860Total equity capital
$6,860Total bank equity capital
$6,860Perpetual preferred stock
$0Common stock
$140Surplus
$1,528Undivided profits
Memoranda
$5,192Noncurrent loans and leases
$12,628Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$307Earning assets
$0Long-term assets (5+ years)
$273Average Assets, year-to-date
$76,329Average Assets, quarterly
$0Volatile liabilities
$79,086Insider loans
$78,641FHLB advances
$13,393Loans and leases held for sale
$0Unused loan commitments
$3,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,628Total unused commitments
$0Restructured Loans and leases
$381Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$5,106Total interest income
$2,151Total interest expense
$2,955Net interest income
$155Provision for loan and lease losses
$211Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$211Additional noninterest income
$2,318Total noninterest expense
$1,221Salaries and employee benefits
$431Premises and equipment expense
$666Additional noninterest expense
$693Pre-tax net operating income
$262Securities gains (losses)
$388Applicable income taxes
$567Income before extraordinary items
$0Extraordinary gains - net
$567Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$22Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.71%Yield on earning assets
2.83%Cost of funding earning assets
3.88%Net interest margin
0.28%Noninterest income to earning assets
3.05%Noninterest expense to earning assets
0.50%Net operating income to assets
0.72%Return on assets (ROA)
1.21%Pretax return on assets
8.46%Return on equity (ROE)
8.46%Retained earnings to average equity (YTD only)
-0.06%Net charge-offs to loans
-704.55%Credit loss provision to net charge-offs
0.00%Efficiency ratio
70,025Assets per employee
4.97%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.84%Loss allowance to noncurrent loans
124.10%Noncurrent assets plus other real estate owned to assets
0.39%Noncurrent loans to loans
0.68%Net loans and leases to deposits
65.07%Net loans and leases to core deposits
76.55%Equity capital to assets
8.62%Core capital (leverage) ratio
7.98%Tier 1 risk-based capital ratio
13.96%Total risk-based capital ratio
Memoranda
$15Average assets
$79,086Average earning assets
$6,701Average equity
$76,120Average loans
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