First Commerce Bank in city_name, state_name - Detailed Financial Reports, Location

First Commerce Bank in Lakewood, New Jersey (NJ)
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First Commerce Bank routing number info

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First Commerce Bank - Overview

General
FDIC Certificate #: 58054
Status: Active
Federal Reserve ID: 3404373
Date Established: January 30, 2006
WWW: http://www.firstcommercebk.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 437827
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: January 30, 2006
Last Structure Change Effective Date: June 24, 2011
Last Structure Change Process Date: July 26, 2011
Last Data Update: July 26, 2011
Data Source Date: April 05, 2012
Location
Address: 105 River Avenue, Lakewood, NJ 8701
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)
History of Changes
Change in Location
Financial Summary
Total assets: $154.7 mil
Equity capital: $21.9 mil
Deposits held in domestic offices: $131.4 mil
Return on assets (ROA): 0.06% ($0.1 mil)
Quarterly return on assets: 1.09% ($1.7 mil)
Return on Equity (ROE): 0.32% ($0.1 mil)
Quarterly return on equity: 7.51% ($1.7 mil)
Net income: $0.1 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 0.06% ($92.8 mil)
Quarterly Pretax return on assets: 1.09% ($1,685.8 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
31Total employees (full-time equivalent)
$154,665Total assets
$12,639Cash and due from depository institutions
$12,175Interest-bearing balances
$23,679Securities
$2,620Federal funds sold & reverse repurchase agreements
$112,944Net loans & leases
$1,499Loan loss allowance
$0Trading account assets
$1,131Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$154,665Life insurance assets
$1,652All other assets
$132,768Total liabilities and capital
$131,365Total liabilities
$120,863Total deposits
$131,365Interest-bearing deposits
$85Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,000Trading liabilities
$0Other borrowed funds
$403Subordinated debt
$21,897All other liabilities
$21,897Total equity capital
$21,897Total bank equity capital
$2,501Perpetual preferred stock
$16,183Common stock
$9,510Surplus
$-6,297Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$876Income earned, not collected on loans
$0Earning assets
$590Long-term assets (5+ years)
$151,418Average Assets, year-to-date
$51,999Average Assets, quarterly
$119,355Volatile liabilities
$149,436Insider loans
$113,984FHLB advances
$150,742Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$21,666Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$19,484Restructured Loans and leases
$283Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$5,668Total interest income
$1,366Total interest expense
$4,302Net interest income
$762Provision for loan and lease losses
$316Total noninterest income
$0Fiduciary activities
$113Service charges on deposit accounts
$0Trading account gains & fees
$203Additional noninterest income
$4,125Total noninterest expense
$2,447Salaries and employee benefits
$631Premises and equipment expense
$1,047Additional noninterest expense
-$269Pre-tax net operating income
$337Securities gains (losses)
$0Applicable income taxes
$68Income before extraordinary items
$0Extraordinary gains - net
$68Net income attributable to bank
$0Net charge-offs
$68Cash dividends
$151Sale, conversion, retirement of capital stock, net
$101Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.88%Yield on earning assets
1.18%Cost of funding earning assets
3.70%Net interest margin
0.27%Noninterest income to earning assets
3.55%Noninterest expense to earning assets
-0.23%Net operating income to assets
0.06%Return on assets (ROA)
0.06%Pretax return on assets
0.32%Return on equity (ROE)
-0.15%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
504.64%Credit loss provision to net charge-offs
3.26%Efficiency ratio
89,324Assets per employee
4.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
148.53%Loss allowance to loans
1.31%Loss allowance to noncurrent loans
171.12%Noncurrent assets plus other real estate owned to assets
0.57%Noncurrent loans to loans
0.77%Net loans and leases to deposits
85.98%Net loans and leases to core deposits
95.91%Equity capital to assets
14.16%Core capital (leverage) ratio
14.37%Tier 1 risk-based capital ratio
19.01%Total risk-based capital ratio
Memoranda
$20Average assets
$119,355Average earning assets
$21,568Average equity
$116,194Average loans

List of branches

2 New Jersey Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	437827	First Commerce Bank	105 River Avenue, Lakewood, NJ 8701	January 30, 2006	Full Service Brick and Mortar
1	518689	Closter Branch	530 Piermont Road, Closter, NJ 7624	April 15, 2011	Full Service Brick and Mortar

First Commerce Bank in Lakewood, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Commerce Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

First Commerce Bank in Lakewood, New Jersey (NJ)Overview, Financial Summary, Detailed Financial Reports, Branches

First Commerce Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

First Commerce Bank in Lakewood, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches