Commerce Bank/Shore, National Association in Forked River, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 31, 2004

  • Commerce Bank/Shore, National Association in Forked River, New Jersey (NJ)
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Commerce Bank/Shore, National Association - Overview

  • General
  • FDIC Certificate #: 21002
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Commerce Bank, National Association (#21140)
    Federal Reserve ID: 9115
    Date Established: January 29, 1973
    WWW: http://www.commerceonline.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 32 (Interstate: No)
    FDIC's unique #: 14506
    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 29, 1973
    Last Structure Change Effective Date: May 31, 2004
    Last Structure Change Process Date: June 17, 2004
    Last Data Update: June 17, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 106 North Main Street, Forked River, NJ 8731
    County: Ocean
    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): Monmouth-Ocean, NJ (#5190)
    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: Edison-New Brunswick, NJ (#20764)
  • Financial Summary
  • Total assets: $2,794.6 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, 2003)

  • Dollar figures in thousands
  • 539Total employees (full-time equivalent)
  • $2,697,759Total assets
  • $83,174Cash and due from depository institutions
  • $0Interest-bearing balances
  • $1,642,704Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $886,339Net loans & leases
  • $10,453Loan loss allowance
  • $0Trading account assets
  • $62,324Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $23,218All other assets
  • $2,697,759Total liabilities and capital
  • $2,532,250Total liabilities
  • $2,455,700Total deposits
  • $2,139,356Interest-bearing deposits
  • $2,455,700Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $64,045Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $12,505All other liabilities
  • $165,509Total equity capital
  • $165,509Total bank equity capital
  • $165,509Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $54,872Undivided profits
  • Memoranda
  • $108,137Noncurrent loans and leases
  • $296,506Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,006Earning assets
  • $0Long-term assets (5+ years)
  • $9,836Average Assets, year-to-date
  • $2,529,043Average Assets, quarterly
  • $1,512,445Volatile liabilities
  • $2,381,289Insider loans
  • $2,625,451FHLB advances
  • $238,600Loans and leases held for sale
  • $13,112Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $296,506Total unused commitments
  • $0Restructured Loans and leases
  • $10,453Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $105,629Total interest income
  • $15,037Total interest expense
  • $90,592Net interest income
  • $2,304Provision for loan and lease losses
  • $15,855Total noninterest income
  • $0Fiduciary activities
  • $14,414Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,441Additional noninterest income
  • $44,976Total noninterest expense
  • $16,242Salaries and employee benefits
  • $13,363Premises and equipment expense
  • $15,371Additional noninterest expense
  • $59,167Pre-tax net operating income
  • $390Securities gains (losses)
  • $21,098Applicable income taxes
  • $38,459Income before extraordinary items
  • $0Extraordinary gains - net
  • $38,459Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $495Sale, conversion, retirement of capital stock, net
  • $20,000Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.75%Yield on earning assets
  • 0.68%Cost of funding earning assets
  • 4.08%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 2.02%Noninterest expense to earning assets
  • 1.60%Net operating income to assets
  • 1.62%Return on assets (ROA)
  • 2.50%Pretax return on assets
  • 27.24%Return on equity (ROE)
  • 13.07%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 465.45%Credit loss provision to net charge-offs
  • 124.18%Efficiency ratio
  • 42,252Assets per employee
  • 5.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.00%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 1039.07%Noncurrent assets plus other real estate owned to assets
  • 0.04%Noncurrent loans to loans
  • 0.11%Net loans and leases to deposits
  • 36.09%Net loans and leases to core deposits
  • 38.86%Equity capital to assets
  • 6.14%Core capital (leverage) ratio
  • 6.20%Tier 1 risk-based capital ratio
  • 12.40%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $2,381,289Average earning assets
  • $141,209Average equity
  • $2,222,344Average loans

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