GCF Bank in Sewell, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • GCF Bank in Sewell, New Jersey (NJ)
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GCF Bank - Overview

  • General
  • FDIC Certificate #: 28126
    Status: Active
    Federal Reserve ID: 850773
    Date Established: January 01, 1921
    WWW: http://www.gcfbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 940
    FDIC's unique #: 40960
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: Febuary 17, 1961
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 Greentree Road, Sewell, NJ 8080
    County: Gloucester
    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)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $338.9 mil
    Equity capital: $28.6 mil
    Deposits held in domestic offices: $299.7 mil
    Return on assets (ROA): 0.09% ($0.3 mil)
    Quarterly return on assets: 0.05% ($0.2 mil)
    Return on Equity (ROE): 1.08% ($0.3 mil)
    Quarterly return on equity: 0.56% ($0.2 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.07% ($237.2 mil)
    Quarterly Pretax return on assets: -0.12% (-$406.6 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, 2011)

  • Dollar figures in thousands
  • 60Total employees (full-time equivalent)
  • $338,860Total assets
  • $10,070Cash and due from depository institutions
  • $6,538Interest-bearing balances
  • $89,837Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $216,192Net loans & leases
  • $2,398Loan loss allowance
  • $0Trading account assets
  • $5,940Bank premises and fixed assets
  • $153Other real estate owned
  • $0Goodwill and other intangibles
  • $338,860Life insurance assets
  • $16,668All other assets
  • $310,277Total liabilities and capital
  • $299,732Total liabilities
  • $289,686Total deposits
  • $299,732Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 5000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $1,545Subordinated debt
  • $28,583All other liabilities
  • $28,583Total equity capital
  • $28,583Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $500Surplus
  • $28,082Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,739Income earned, not collected on loans
  • $0Earning assets
  • $1,100Long-term assets (5+ years)
  • $312,567Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $342,952Volatile liabilities
  • $340,066Insider loans
  • $174,778FHLB advances
  • $335,904Loans and leases held for sale
  • $8,533Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $23,315Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,766Restructured Loans and leases
  • $871Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,947Total interest income
  • $4,248Total interest expense
  • $10,699Net interest income
  • $1,021Provision for loan and lease losses
  • $557Total noninterest income
  • $0Fiduciary activities
  • $398Service charges on deposit accounts
  • $0Trading account gains & fees
  • $159Additional noninterest income
  • $8,775Total noninterest expense
  • $4,928Salaries and employee benefits
  • $1,923Premises and equipment expense
  • $1,924Additional noninterest expense
  • $1,460Pre-tax net operating income
  • -$1,213Securities gains (losses)
  • -$58Applicable income taxes
  • $305Income before extraordinary items
  • $0Extraordinary gains - net
  • $305Net income attributable to bank
  • $0Net charge-offs
  • $305Cash dividends
  • $1,046Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.71%Yield on earning assets
  • 1.34%Cost of funding earning assets
  • 3.37%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 2.77%Noninterest expense to earning assets
  • 0.44%Net operating income to assets
  • 0.09%Return on assets (ROA)
  • 0.07%Pretax return on assets
  • 1.08%Return on equity (ROE)
  • 1.08%Retained earnings to average equity (YTD only)
  • 0.50%Net charge-offs to loans
  • 97.61%Credit loss provision to net charge-offs
  • 2.37%Efficiency ratio
  • 77,958Assets per employee
  • 5.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 87.55%Noncurrent assets plus other real estate owned to assets
  • 0.85%Noncurrent loans to loans
  • 1.25%Net loans and leases to deposits
  • 72.13%Net loans and leases to core deposits
  • 78.18%Equity capital to assets
  • 8.44%Core capital (leverage) ratio
  • 7.63%Tier 1 risk-based capital ratio
  • 13.34%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $342,952Average earning assets
  • $28,171Average equity
  • $317,035Average loans

List of branches

  • 4 New Jersey Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    040960Gcf Bank301 Greentree Road, Sewell, NJ 8080January 01, 1921Full Service Brick and Mortar
    1265162101 N Broadway Branch101 N Broadway, Pitman, NJ 8071January 01, 1921Full Service Brick and Mortar
    2265163Collegetown Shopping Center Branch680 Delsea Drive, Glassboro, NJ 8028January 01, 1921Full Service Brick and Mortar
    100265164Black Horse Pike And Pedrick Ave Bra425 N. Black Horse Pike, Williamstown, NJ 8094January 01, 1921Full Service Brick and Mortar

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