Farmers and Mechanics Bank in Burlington, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 13, 2007

  • Farmers and Mechanics Bank in Burlington, New Jersey (NJ)
  • Show street view No street view available for this location

Farmers and Mechanics Bank - Overview

  • General
  • FDIC Certificate #: 28435
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Beneficial Mutual Savings Bank (#15697)
    Federal Reserve ID: 290575
    Date Established: January 01, 1871
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1587
    FDIC's unique #: 41269
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: November 05, 1952
    Last Structure Change Effective Date: July 13, 2007
    Last Structure Change Process Date: August 21, 2007
    Last Data Update: August 21, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 3 Sunset Road And Route 541, Burlington, NJ 8016
    County: Burlington
    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): Philadelphia, PA-NJ (#6160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Camden, NJ (#15804)
  • Financial Summary
  • Total assets: $1,142.2 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, 2006)

  • Dollar figures in thousands
  • 519Total employees (full-time equivalent)
  • $1,186,457Total assets
  • $108,838Cash and due from depository institutions
  • $54,462Interest-bearing balances
  • $574,449Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $450,099Net loans & leases
  • $4,977Loan loss allowance
  • $0Trading account assets
  • $33,739Bank premises and fixed assets
  • $0Other real estate owned
  • $1,160Goodwill and other intangibles
  • $0Life insurance assets
  • $18,172All other assets
  • $1,186,457Total liabilities and capital
  • $1,092,237Total liabilities
  • $936,713Total deposits
  • $741,033Interest-bearing deposits
  • $936,713Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $115,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $32,152Other borrowed funds
  • $0Subordinated debt
  • $8,372All other liabilities
  • $94,220Total equity capital
  • $94,220Total bank equity capital
  • $94,220Perpetual preferred stock
  • $0Common stock
  • $802Surplus
  • $20,931Undivided profits
  • Memoranda
  • $72,487Noncurrent loans and leases
  • $47,978Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $6,664Earning assets
  • $0Long-term assets (5+ years)
  • $6,372Average Assets, year-to-date
  • $1,079,010Average Assets, quarterly
  • $0Volatile liabilities
  • $1,219,493Insider loans
  • $1,198,834FHLB advances
  • $432,765Loans and leases held for sale
  • $3,874Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $47,978Total unused commitments
  • $33Restructured Loans and leases
  • $4,977Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $60,955Total interest income
  • $25,317Total interest expense
  • $35,638Net interest income
  • $330Provision for loan and lease losses
  • $6,837Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,837Additional noninterest income
  • $31,728Total noninterest expense
  • $19,130Salaries and employee benefits
  • $6,803Premises and equipment expense
  • $5,795Additional noninterest expense
  • $10,417Pre-tax net operating income
  • $365Securities gains (losses)
  • $4,079Applicable income taxes
  • $6,703Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,703Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3Sale, conversion, retirement of capital stock, net
  • $2,400Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.48%Yield on earning assets
  • 2.28%Cost of funding earning assets
  • 3.20%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 2.85%Noninterest expense to earning assets
  • 0.53%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.88%Pretax return on assets
  • 7.23%Return on equity (ROE)
  • 4.64%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 11000.00%Credit loss provision to net charge-offs
  • 3582.33%Efficiency ratio
  • 73,012Assets per employee
  • 2.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.80%Loss allowance to loans
  • 1.09%Loss allowance to noncurrent loans
  • 74.68%Noncurrent assets plus other real estate owned to assets
  • 0.56%Noncurrent loans to loans
  • 1.46%Net loans and leases to deposits
  • 48.05%Net loans and leases to core deposits
  • 69.13%Equity capital to assets
  • 7.94%Core capital (leverage) ratio
  • 7.98%Tier 1 risk-based capital ratio
  • 18.31%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $1,219,493Average earning assets
  • $92,665Average equity
  • $1,112,079Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Farmers and Mechanics Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents