Commerce Bank/Central, National Association in Raritan Township, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2001

  • Commerce Bank/Central, National Association in Raritan Township, New Jersey (NJ)
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Commerce Bank/Central, National Association - Overview

  • General
  • FDIC Certificate #: 32856
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Commerce Bank, National Association (#21140)
    Federal Reserve ID: 1442540
    Date Established: March 12, 1990
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 16 (Interstate: No)
    FDIC's unique #: 45768
    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: March 12, 1990
    Last Structure Change Effective Date: April 01, 2001
    Last Structure Change Process Date: April 11, 2001
    Last Data Update: April 11, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 1 Royal Road, Raritan Township, NJ 8822
    County: Hunterdon
    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: Newark-Union, NJ-PA (#35084)
  • Financial Summary
  • Total assets: $487.0 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, 2000)

  • Dollar figures in thousands
  • 187Total employees (full-time equivalent)
  • $443,869Total assets
  • $24,048Cash and due from depository institutions
  • $0Interest-bearing balances
  • $79,737Securities
  • $56,880Federal funds sold & reverse repurchase agreements
  • $242,864Net loans & leases
  • $3,251Loan loss allowance
  • $0Trading account assets
  • $29,923Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $10,417All other assets
  • $443,869Total liabilities and capital
  • $412,667Total liabilities
  • $401,772Total deposits
  • $354,938Interest-bearing deposits
  • $401,772Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $73Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $8,482Other borrowed funds
  • $0Subordinated debt
  • $2,340All other liabilities
  • $31,202Total equity capital
  • $31,202Total bank equity capital
  • $31,202Perpetual preferred stock
  • $0Common stock
  • $4,185Surplus
  • $26,524Undivided profits
  • Memoranda
  • $493Noncurrent loans and leases
  • $64,863Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,381Earning assets
  • $0Long-term assets (5+ years)
  • $1,009Average Assets, year-to-date
  • $379,481Average Assets, quarterly
  • $103,155Volatile liabilities
  • $370,151Insider loans
  • $420,711FHLB advances
  • $75,573Loans and leases held for sale
  • $271Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,229Total risk weighted assets
  • $64,863Total unused commitments
  • $0Restructured Loans and leases
  • $3,251Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $25,953Total interest income
  • $11,646Total interest expense
  • $14,307Net interest income
  • $220Provision for loan and lease losses
  • $2,498Total noninterest income
  • $0Fiduciary activities
  • $1,142Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,356Additional noninterest income
  • $13,641Total noninterest expense
  • $5,156Salaries and employee benefits
  • $4,045Premises and equipment expense
  • $4,440Additional noninterest expense
  • $2,944Pre-tax net operating income
  • $0Securities gains (losses)
  • $959Applicable income taxes
  • $1,985Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,985Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $285Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.11%Yield on earning assets
  • 3.64%Cost of funding earning assets
  • 4.47%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 4.26%Noninterest expense to earning assets
  • 0.54%Net operating income to assets
  • 0.54%Return on assets (ROA)
  • 0.80%Pretax return on assets
  • 6.83%Return on equity (ROE)
  • 6.83%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 77.19%Credit loss provision to net charge-offs
  • 11.10%Efficiency ratio
  • 81,172Assets per employee
  • 2.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 136.54%Noncurrent assets plus other real estate owned to assets
  • 0.54%Noncurrent loans to loans
  • 0.97%Net loans and leases to deposits
  • 60.45%Net loans and leases to core deposits
  • 72.55%Equity capital to assets
  • 7.03%Core capital (leverage) ratio
  • 7.43%Tier 1 risk-based capital ratio
  • 9.59%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $370,151Average earning assets
  • $29,054Average equity
  • $320,004Average loans

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