FDIC Certificate #: 58410 Status: Active Federal Reserve ID: 3783313 Date Established: June 23, 2008 WWW:http://www.crossriverbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 451130 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: June 23, 2008 Last Structure Change Effective Date: October 18, 2010 Last Structure Change Process Date: December 21, 2010 Last Data Update: December 21, 2010 Data Source Date: April 05, 2012
Location
Address: 885 Teaneck Road, Teaneck, NJ 7666 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: $186.1 mil Equity capital: $15.9 mil Deposits held in domestic offices: $153.4 mil Return on assets (ROA): 1.32% ($2.5 mil) Quarterly return on assets: 1.39% ($2.6 mil) Return on Equity (ROE): 13.30% ($2.1 mil) Quarterly return on equity: 15.80% ($2.5 mil) Net income: $2.0 mil Quarterly Net income: $0.6 mil Pretax return on assets: 2.18% ($4,056.7 mil) Quarterly Pretax return on assets: 2.03% ($3,777.5 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
26Total employees (full-time equivalent)
$186,085Total assets
$19,054Cash and due from depository institutions
$12,679Interest-bearing balances
$38,474Securities
$0Federal funds sold & reverse repurchase agreements
$125,194Net loans & leases
$1,369Loan loss allowance
$0Trading account assets
$675Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$186,084Life insurance assets
$2,688All other assets
$170,169Total liabilities and capital
$153,387Total liabilities
$146,570Total deposits
$153,387Interest-bearing deposits
$80Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$15,000Trading liabilities
$0Other borrowed funds
$1,782Subordinated debt
$15,915All other liabilities
$15,915Total equity capital
$15,915Total bank equity capital
$0Perpetual preferred stock
$6,863Common stock
$7,646Surplus
$1,406Undivided profits
Memoranda
$0Noncurrent loans and leases
$6,659Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$488Income earned, not collected on loans
$0Earning assets
$914Long-term assets (5+ years)
$176,347Average Assets, year-to-date
$57,641Average Assets, quarterly
$151,414Volatile liabilities
$179,556Insider loans
$135,801FHLB advances
$178,333Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$15,141Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$18,456Restructured Loans and leases
$1,990Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$8,605Total interest income
$2,433Total interest expense
$6,172Net interest income
$595Provision for loan and lease losses
$1,481Total noninterest income
$0Fiduciary activities
$19Service charges on deposit accounts
$0Trading account gains & fees
$1,462Additional noninterest income
$4,976Total noninterest expense
$2,879Salaries and employee benefits
$287Premises and equipment expense
$1,810Additional noninterest expense
$2,082Pre-tax net operating income
$1,225Securities gains (losses)
$1,293Applicable income taxes
$2,014Income before extraordinary items
-$8Extraordinary gains - net
$2,006Net income attributable to bank
$0Net charge-offs
$2,006Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.04%Yield on earning assets
1.71%Cost of funding earning assets
4.33%Net interest margin
1.04%Noninterest income to earning assets
3.49%Noninterest expense to earning assets
0.81%Net operating income to assets
1.32%Return on assets (ROA)
2.18%Pretax return on assets
13.30%Return on equity (ROE)
13.30%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
65,020Assets per employee
7.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.08%Loss allowance to noncurrent loans
280.53%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.39%Net loans and leases to deposits
81.62%Net loans and leases to core deposits
91.13%Equity capital to assets
8.55%Core capital (leverage) ratio
8.49%Tier 1 risk-based capital ratio
11.15%Total risk-based capital ratio
Memoranda
$12Average assets
$151,414Average earning assets
$15,084Average equity
$142,446Average loans
List of branches
1 New Jersey Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
451130
Cross River Bank
885 Teaneck Road, Teaneck, NJ 7666
June 23, 2008
Full Service Brick and Mortar
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