Commerce Bank/North in Ramsey, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 31, 2008

  • Commerce Bank/North in Ramsey, New Jersey (NJ)
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Commerce Bank/North - Overview

  • General
  • FDIC Certificate #: 22178
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: TD Bank, National Association (#18409)
    Federal Reserve ID: 782904
    Date Established: December 15, 1975
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 49 (Interstate: No)
    OTS Docket #: 13139
    FDIC's unique #: 15409
    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: December 15, 1975
    Last Structure Change Effective Date: May 31, 2008
    Last Structure Change Process Date: June 17, 2008
    Last Data Update: June 17, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1100 Lake Street, Ramsey, NJ 7446
    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: $5,616.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 1,248Total employees (full-time equivalent)
  • $4,856,937Total assets
  • $234,307Cash and due from depository institutions
  • $2,136Interest-bearing balances
  • $2,229,190Securities
  • $811,000Federal funds sold & reverse repurchase agreements
  • $1,306,011Net loans & leases
  • $13,154Loan loss allowance
  • $0Trading account assets
  • $151,266Bank premises and fixed assets
  • $0Other real estate owned
  • $35,696Goodwill and other intangibles
  • $0Life insurance assets
  • $89,467All other assets
  • $4,856,937Total liabilities and capital
  • $4,521,185Total liabilities
  • $4,484,384Total deposits
  • $3,396,657Interest-bearing deposits
  • $4,484,384Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,527Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $34,274All other liabilities
  • $335,752Total equity capital
  • $335,752Total bank equity capital
  • $335,752Perpetual preferred stock
  • $0Common stock
  • $1,608Surplus
  • $103,137Undivided profits
  • Memoranda
  • $231,007Noncurrent loans and leases
  • $626,988Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $11,128Earning assets
  • $0Long-term assets (5+ years)
  • $17,941Average Assets, year-to-date
  • $4,348,337Average Assets, quarterly
  • $2,561,172Volatile liabilities
  • $4,861,214Insider loans
  • $4,868,978FHLB advances
  • $204,513Loans and leases held for sale
  • $4,853Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,702Total risk weighted assets
  • $626,988Total unused commitments
  • $0Restructured Loans and leases
  • $13,154Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $258,196Total interest income
  • $112,633Total interest expense
  • $145,563Net interest income
  • $6,000Provision for loan and lease losses
  • $147,972Total noninterest income
  • $0Fiduciary activities
  • $22,020Service charges on deposit accounts
  • $0Trading account gains & fees
  • $125,952Additional noninterest income
  • $173,768Total noninterest expense
  • $96,796Salaries and employee benefits
  • $30,970Premises and equipment expense
  • $46,002Additional noninterest expense
  • $113,767Pre-tax net operating income
  • -$8,530Securities gains (losses)
  • $42,000Applicable income taxes
  • $63,237Income before extraordinary items
  • $0Extraordinary gains - net
  • $63,237Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $7,307Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.91%Yield on earning assets
  • 2.58%Cost of funding earning assets
  • 3.33%Net interest margin
  • 3.39%Noninterest income to earning assets
  • 3.98%Noninterest expense to earning assets
  • 1.41%Net operating income to assets
  • 1.30%Return on assets (ROA)
  • 2.16%Pretax return on assets
  • 18.80%Return on equity (ROE)
  • 18.80%Retained earnings to average equity (YTD only)
  • 0.58%Net charge-offs to loans
  • 82.11%Credit loss provision to net charge-offs
  • 16.39%Efficiency ratio
  • 58,570Assets per employee
  • 3.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 118.21%Noncurrent assets plus other real estate owned to assets
  • 0.23%Noncurrent loans to loans
  • 0.84%Net loans and leases to deposits
  • 29.12%Net loans and leases to core deposits
  • 30.50%Equity capital to assets
  • 6.91%Core capital (leverage) ratio
  • 7.40%Tier 1 risk-based capital ratio
  • 16.39%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $4,861,214Average earning assets
  • $336,425Average equity
  • $4,368,947Average loans

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