Citizens First National Bank of New Jersey in Ridgewood, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 1994

  • Citizens First National Bank of New Jersey in Ridgewood, New Jersey (NJ)
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Citizens First National Bank of New Jersey - Overview

  • General
  • FDIC Certificate #: 6417
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fleet Bank, National Association (#6357)
    Federal Reserve ID: 1010501
    Date Established: January 01, 1899
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 52 (Interstate: No)
    FDIC's unique #: 4302
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 01, 1994
    Last Structure Change Process Date: November 15, 1994
    Last Data Update: November 15, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 54 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)
  • Financial Summary
  • Total assets: $2,462.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $878Total assets
  • $2,558,076Cash and due from depository institutions
  • $111,795Interest-bearing balances
  • $500Securities
  • $551,943Federal funds sold & reverse repurchase agreements
  • $50,000Net loans & leases
  • $1,717,046Loan loss allowance
  • $63,788Trading account assets
  • $0Bank premises and fixed assets
  • $36,472Other real estate owned
  • $45,003Goodwill and other intangibles
  • $45,817Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $2,558,076Total liabilities
  • $2,352,257Total deposits
  • $2,321,726Interest-bearing deposits
  • $1,896,667Deposits held in domestic offices
  • 2321726.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $9,795Trading liabilities
  • $0Other borrowed funds
  • $250Subordinated debt
  • $0All other liabilities
  • $20,486Total equity capital
  • $20,486Total bank equity capital
  • $205,819Perpetual preferred stock
  • $0Common stock
  • $5,756Surplus
  • $97,687Undivided profits
  • Memoranda
  • $102,376Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $68,712Income earned, not collected on loans
  • $10,046Earning assets
  • $2,319,489Long-term assets (5+ years)
  • $295,908Average Assets, year-to-date
  • $2,492,306Average Assets, quarterly
  • $2,526,827Volatile liabilities
  • $102,811Insider loans
  • $29,229FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $310,049Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $205,819Total risk weighted assets
  • $1,739,078Total unused commitments
  • $0Restructured Loans and leases
  • $2,466Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $163,765Total interest expense
  • $61,309Net interest income
  • $102,456Provision for loan and lease losses
  • $17,000Total noninterest income
  • $22,629Fiduciary activities
  • $3,932Service charges on deposit accounts
  • $12,425Trading account gains & fees
  • $70Additional noninterest income
  • $6,202Total noninterest expense
  • $79,440Salaries and employee benefits
  • $36,560Premises and equipment expense
  • $10,379Additional noninterest expense
  • $32,501Pre-tax net operating income
  • $28,645Securities gains (losses)
  • $5,127Applicable income taxes
  • $461Income before extraordinary items
  • $33,311Extraordinary gains - net
  • $7,168Net income attributable to bank
  • $40,479Net charge-offs
  • $29,050Cash dividends
  • $2,162Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.28%Cost of funding earning assets
  • 2.73%Net interest margin
  • 4.56%Noninterest income to earning assets
  • 1.01%Noninterest expense to earning assets
  • 3.53%Net operating income to assets
  • 1.13%Return on assets (ROA)
  • 1.62%Pretax return on assets
  • 1.64%Return on equity (ROE)
  • 21.38%Retained earnings to average equity (YTD only)
  • 20.24%Net charge-offs to loans
  • 1.69%Credit loss provision to net charge-offs
  • 58.52%Efficiency ratio
  • 63,509Assets per employee
  • 2.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 5.34%Loss allowance to loans
  • 3.58%Loss allowance to noncurrent loans
  • 92.83%Noncurrent assets plus other real estate owned to assets
  • 4.45%Noncurrent loans to loans
  • 3.86%Net loans and leases to deposits
  • 73.96%Net loans and leases to core deposits
  • 77.03%Equity capital to assets
  • 8.05%Core capital (leverage) ratio
  • 8.07%Tier 1 risk-based capital ratio
  • 11.83%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $2,492,306Average earning assets
  • $189,347Average equity
  • $2,248,391Average loans

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