FDIC Certificate #: 57563 Status: Inactive Closing history: Corrections Acquiring institution:North Jersey Community Bank (#57919) Federal Reserve ID: 3302451 Date Established: October 28, 2004 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 365617 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: October 28, 2004 Last Structure Change Effective Date: May 01, 2009 Last Structure Change Process Date: May 04, 2009 Last Data Update: May 04, 2009 Data Source Date: April 05, 2012
Location
Address: 171 East Ridgewood Avenue, Ridgewood, NJ 7450 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)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $40.7 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
158Total employees (full-time equivalent)
$44,296Total assets
$1,340Cash and due from depository institutions
$213Interest-bearing balances
$3,359Securities
$6,771Federal funds sold & reverse repurchase agreements
$30,188Net loans & leases
$815Loan loss allowance
$0Trading account assets
$989Bank premises and fixed assets
$950Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$699All other assets
$44,296Total liabilities and capital
$44,155Total liabilities
$43,713Total deposits
$42,622Interest-bearing deposits
$43,713Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$442All other liabilities
$141Total equity capital
$141Total bank equity capital
$141Perpetual preferred stock
$0Common stock
$4,378Surplus
$4,378Undivided profits
Memoranda
$-8,615Noncurrent loans and leases
$6,668Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5,611Earning assets
$0Long-term assets (5+ years)
$114Average Assets, year-to-date
$40,531Average Assets, quarterly
$7,474Volatile liabilities
$46,657Insider loans
$44,532FHLB advances
$16,082Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,261Total risk weighted assets
$6,668Total unused commitments
$0Restructured Loans and leases
$118Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$2,090Total interest income
$1,694Total interest expense
$396Net interest income
$467Provision for loan and lease losses
$8,610Total noninterest income
$0Fiduciary activities
$10Service charges on deposit accounts
$0Trading account gains & fees
$8,600Additional noninterest income
$11,227Total noninterest expense
$5,413Salaries and employee benefits
$1,159Premises and equipment expense
$4,655Additional noninterest expense
-$2,688Pre-tax net operating income
$82Securities gains (losses)
$0Applicable income taxes
-$2,606Income before extraordinary items
$0Extraordinary gains - net
-$2,606Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,723Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.82%Yield on earning assets
3.91%Cost of funding earning assets
0.91%Net interest margin
19.87%Noninterest income to earning assets
25.91%Noninterest expense to earning assets
-5.76%Net operating income to assets
-5.59%Return on assets (ROA)
-5.59%Pretax return on assets
-160.63%Return on equity (ROE)
-160.63%Retained earnings to average equity (YTD only)
5.18%Net charge-offs to loans
27.10%Credit loss provision to net charge-offs
-1.29%Efficiency ratio
124,661Assets per employee
0.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.63%Loss allowance to noncurrent loans
14.53%Noncurrent assets plus other real estate owned to assets
14.81%Noncurrent loans to loans
18.10%Net loans and leases to deposits
69.06%Net loans and leases to core deposits
109.25%Equity capital to assets
0.32%Core capital (leverage) ratio
0.27%Tier 1 risk-based capital ratio
0.38%Total risk-based capital ratio
Memoranda
$1Average assets
$46,657Average earning assets
$1,622Average equity
$43,330Average loans
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