FDIC Certificate #: 25809 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:JPMorgan Chase Bank, National Association (#628) Federal Reserve ID: 931319 Date Established: December 24, 1984 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 32038 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 24, 1984 Last Structure Change Effective Date: October 14, 2011 Last Structure Change Process Date: November 10, 2011 Last Data Update: November 10, 2011 Data Source Date: April 05, 2012
Location
Address: 575 Washington Boulevard, Jersey City, NJ 7310 County: Hudson 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): Jersey City, NJ (#3640) 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: $288.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
0Total employees (full-time equivalent)
$307,790Total assets
$297,416Cash and due from depository institutions
$100,000Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$5,088Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$5,286All other assets
$307,790Total liabilities and capital
$46,139Total liabilities
$42,299Total deposits
$42,299Interest-bearing deposits
$42,299Deposits held in domestic offices
100.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$3,840All other liabilities
$261,651Total equity capital
$261,651Total bank equity capital
$261,651Perpetual preferred stock
$0Common stock
$5,000Surplus
$245,445Undivided profits
Memoranda
$11,206Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$79Average Assets, year-to-date
$105,088Average Assets, quarterly
$0Volatile liabilities
$359,887Insider loans
$333,624FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$43,322Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$434Total interest income
$108Total interest expense
$326Net interest income
$0Provision for loan and lease losses
$8Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$8Trading account gains & fees
$0Additional noninterest income
$162Total noninterest expense
-$110Salaries and employee benefits
$100Premises and equipment expense
$172Additional noninterest expense
$172Pre-tax net operating income
$0Securities gains (losses)
-$75Applicable income taxes
$247Income before extraordinary items
$0Extraordinary gains - net
$247Net income attributable to bank
$0Net charge-offs
$247Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.20%Yield on earning assets
0.05%Cost of funding earning assets
0.15%Net interest margin
0.00%Noninterest income to earning assets
0.08%Noninterest expense to earning assets
0.07%Net operating income to assets
0.07%Return on assets (ROA)
0.05%Pretax return on assets
0.09%Return on equity (ROE)
0.09%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
48,503Assets per employee
0.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
85.01%Core capital (leverage) ratio
75.34%Tier 1 risk-based capital ratio
411.25%Total risk-based capital ratio
Memoranda
$411Average assets
$359,887Average earning assets
$261,520Average equity
$214,055Average loans
Total Fiduciary and Related Assets (December 31, 2008)
Dollar figures in thousands
$1Total fiduciary and related assets
YesFiduciary powers granted
NoFiduciary or related activity
$388,710Managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
8Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$388,710Other retirement accounts
$0Corporate trust and agency accounts
$292,773Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
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