FDIC Certificate #: 21753 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:SI Bank & Trust (#15986) Federal Reserve ID: 556507 Date Established: September 09, 1974 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) FDIC's unique #: 15060 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: September 09, 1974 Last Structure Change Effective Date: January 15, 2000 Last Structure Change Process Date: May 02, 2000 Last Data Update: May 02, 2000 Data Source Date: April 05, 2012
Location
Address: Route 9 At Salem Hill Road, Howell, NJ 7731 County: Monmouth 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: $372.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
84Total employees (full-time equivalent)
$372,092Total assets
$11,281Cash and due from depository institutions
$1,286Interest-bearing balances
$232,109Securities
$23,000Federal funds sold & reverse repurchase agreements
$92,987Net loans & leases
$847Loan loss allowance
$0Trading account assets
$3,551Bank premises and fixed assets
$868Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$8,296All other assets
$372,092Total liabilities and capital
$328,067Total liabilities
$323,434Total deposits
$282,858Interest-bearing deposits
$323,434Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$4,633All other liabilities
$44,025Total equity capital
$44,025Total bank equity capital
$44,025Perpetual preferred stock
$0Common stock
$2,200Surplus
$2,066Undivided profits
Memoranda
$39,759Noncurrent loans and leases
$22,198Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,652Earning assets
$0Long-term assets (5+ years)
$642Average Assets, year-to-date
$349,382Average Assets, quarterly
$62,024Volatile liabilities
$357,432Insider loans
$367,751FHLB advances
$35,028Loans and leases held for sale
$2,074Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$22,198Total unused commitments
$0Restructured Loans and leases
$865Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$23,512Total interest income
$12,898Total interest expense
$10,614Net interest income
-$2,658Provision for loan and lease losses
$975Total noninterest income
$0Fiduciary activities
$688Service charges on deposit accounts
$0Trading account gains & fees
$287Additional noninterest income
$4,552Total noninterest expense
$2,677Salaries and employee benefits
$657Premises and equipment expense
$1,218Additional noninterest expense
$9,695Pre-tax net operating income
$0Securities gains (losses)
$3,330Applicable income taxes
$6,365Income before extraordinary items
$0Extraordinary gains - net
$6,365Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$5Sale, conversion, retirement of capital stock, net
$873Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.93%Yield on earning assets
3.80%Cost of funding earning assets
3.13%Net interest margin
0.29%Noninterest income to earning assets
1.34%Noninterest expense to earning assets
1.78%Net operating income to assets
1.78%Return on assets (ROA)
2.71%Pretax return on assets
15.61%Return on equity (ROE)
13.47%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
53160.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
39,279Assets per employee
4.43%Cash dividends to net income (YTD only)
Condition Ratios (%)
13.72%Loss allowance to loans
0.90%Loss allowance to noncurrent loans
51.27%Noncurrent assets plus other real estate owned to assets
0.68%Noncurrent loans to loans
1.76%Net loans and leases to deposits
28.75%Net loans and leases to core deposits
32.24%Equity capital to assets
11.83%Core capital (leverage) ratio
12.15%Tier 1 risk-based capital ratio
29.11%Total risk-based capital ratio
Memoranda
$30Average assets
$357,432Average earning assets
$40,766Average equity
$339,507Average loans
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