Fleet Bank, National Association in Jersey City, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 01, 2000

  • Fleet Bank, National Association in Jersey City, New Jersey (NJ)
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Fleet Bank, National Association - Overview

  • General
  • FDIC Certificate #: 6357
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fleet National Bank (#2558)
    Federal Reserve ID: 241876
    Date Established: January 01, 1864
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 372 (Interstate: No)
    FDIC's unique #: 4275
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 01, 2000
    Last Structure Change Process Date: November 02, 2000
    Last Data Update: November 02, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 30 Montgomery Street, Jersey City, NJ 7302
    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: $28,810.0 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
  • 3,357Total employees (full-time equivalent)
  • $25,778,000Total assets
  • $2,867,000Cash and due from depository institutions
  • $1,854,000Interest-bearing balances
  • $3,199,000Securities
  • $1,551,000Federal funds sold & reverse repurchase agreements
  • $16,515,000Net loans & leases
  • $256,000Loan loss allowance
  • $13,000Trading account assets
  • $248,000Bank premises and fixed assets
  • $1,000Other real estate owned
  • $879,000Goodwill and other intangibles
  • $0Life insurance assets
  • $505,000All other assets
  • $25,778,000Total liabilities and capital
  • $23,370,000Total liabilities
  • $20,501,000Total deposits
  • $15,039,000Interest-bearing deposits
  • $18,980,000Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,806,000Federal funds purchased & repurchase agreements
  • $13,000Trading liabilities
  • $44,000Other borrowed funds
  • $625,000Subordinated debt
  • $381,000All other liabilities
  • $2,408,000Total equity capital
  • $2,408,000Total bank equity capital
  • $2,408,000Perpetual preferred stock
  • $0Common stock
  • $3,000Surplus
  • $2,224,000Undivided profits
  • Memoranda
  • $181,000Noncurrent loans and leases
  • $10,326,000Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $80,000Earning assets
  • $1,000Long-term assets (5+ years)
  • $107,000Average Assets, year-to-date
  • $23,119,000Average Assets, quarterly
  • $4,810,000Volatile liabilities
  • $27,495,000Insider loans
  • $26,975,000FHLB advances
  • $4,660,000Loans and leases held for sale
  • $36,000Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,641,000Tier 2 risk-based capital
  • $30,000Total risk weighted assets
  • $10,326,000Total unused commitments
  • $0Restructured Loans and leases
  • $881,000Derivatives
  • $284,000Total assets and liabilities in foreign offices

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $1,759,000Total interest income
  • $703,000Total interest expense
  • $1,056,000Net interest income
  • $32,000Provision for loan and lease losses
  • $341,000Total noninterest income
  • $18,000Fiduciary activities
  • $170,000Service charges on deposit accounts
  • $26,000Trading account gains & fees
  • $127,000Additional noninterest income
  • $771,000Total noninterest expense
  • $184,000Salaries and employee benefits
  • $103,000Premises and equipment expense
  • $484,000Additional noninterest expense
  • $594,000Pre-tax net operating income
  • $3,000Securities gains (losses)
  • $256,000Applicable income taxes
  • $341,000Income before extraordinary items
  • $0Extraordinary gains - net
  • $341,000Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $88,000Sale, conversion, retirement of capital stock, net
  • $365,000Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.06%Yield on earning assets
  • 2.82%Cost of funding earning assets
  • 4.24%Net interest margin
  • 1.37%Noninterest income to earning assets
  • 3.10%Noninterest expense to earning assets
  • 1.23%Net operating income to assets
  • 1.24%Return on assets (ROA)
  • 2.17%Pretax return on assets
  • 14.25%Return on equity (ROE)
  • -1.00%Retained earnings to average equity (YTD only)
  • 0.50%Net charge-offs to loans
  • 36.36%Credit loss provision to net charge-offs
  • 7.11%Efficiency ratio
  • 50,251Assets per employee
  • 7.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 107.04%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 320.00%Noncurrent assets plus other real estate owned to assets
  • 0.31%Noncurrent loans to loans
  • 0.48%Net loans and leases to deposits
  • 80.56%Net loans and leases to core deposits
  • 93.59%Equity capital to assets
  • 9.34%Core capital (leverage) ratio
  • 6.22%Tier 1 risk-based capital ratio
  • 7.80%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $27,495,000Average earning assets
  • $2,393,000Average equity
  • $24,903,600Average loans

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