Gibraltar Bank in Oak Ridge, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Gibraltar Bank in Oak Ridge, New Jersey (NJ)
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Gibraltar Bank - Overview

  • General
  • FDIC Certificate #: 30126
    Status: Active
    Federal Reserve ID: 670775
    Date Established: January 01, 1909
    WWW: http://www.gibraltarbanknj.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 4804
    FDIC's unique #: 42960
    Numeric code: 34
    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: September 25, 1940
    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: 5527 Berkshire Valley Road, Oak Ridge, NJ 7438
    County: Morris
    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): Newark, NJ (#5640)
    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: Newark-Union, NJ-PA (#35084)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $97.8 mil
    Equity capital: $12.0 mil
    Deposits held in domestic offices: $70.9 mil
    Return on assets (ROA): 0.62% ($0.6 mil)
    Quarterly return on assets: 0.68% ($0.7 mil)
    Return on Equity (ROE): 5.02% ($0.6 mil)
    Quarterly return on equity: 5.41% ($0.6 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.63% ($615.9 mil)
    Quarterly Pretax return on assets: 0.73% ($713.7 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
  • 22Total employees (full-time equivalent)
  • $97,764Total assets
  • $937Cash and due from depository institutions
  • $490Interest-bearing balances
  • $13,132Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $80,284Net loans & leases
  • $694Loan loss allowance
  • $0Trading account assets
  • $523Bank premises and fixed assets
  • $0Other real estate owned
  • $16Goodwill and other intangibles
  • $97,764Life insurance assets
  • $2,872All other assets
  • $85,794Total liabilities and capital
  • $70,907Total liabilities
  • $68,747Total deposits
  • $70,907Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $14,650Trading liabilities
  • $0Other borrowed funds
  • $237Subordinated debt
  • $11,970All other liabilities
  • $11,970Total equity capital
  • $11,970Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $11,970Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $233Income earned, not collected on loans
  • $0Earning assets
  • $311Long-term assets (5+ years)
  • $93,906Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $95,151Volatile liabilities
  • $96,059Insider loans
  • $50,020FHLB advances
  • $95,635Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,885Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,699Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,465Total interest income
  • $1,170Total interest expense
  • $3,295Net interest income
  • -$130Provision for loan and lease losses
  • $185Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $185Additional noninterest income
  • $3,054Total noninterest expense
  • $1,773Salaries and employee benefits
  • $585Premises and equipment expense
  • $696Additional noninterest expense
  • $556Pre-tax net operating income
  • $48Securities gains (losses)
  • $14Applicable income taxes
  • $590Income before extraordinary items
  • $0Extraordinary gains - net
  • $590Net income attributable to bank
  • $0Net charge-offs
  • $590Cash dividends
  • $276Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.91%Yield on earning assets
  • 1.29%Cost of funding earning assets
  • 3.62%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 3.36%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.62%Return on assets (ROA)
  • 0.63%Pretax return on assets
  • 5.02%Return on equity (ROE)
  • 5.02%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • -47.10%Credit loss provision to net charge-offs
  • 1.54%Efficiency ratio
  • 87,529Assets per employee
  • 4.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.86%Loss allowance to noncurrent loans
  • 297.85%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.29%Net loans and leases to deposits
  • 113.22%Net loans and leases to core deposits
  • 115.42%Equity capital to assets
  • 12.24%Core capital (leverage) ratio
  • 12.43%Tier 1 risk-based capital ratio
  • 23.76%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $95,151Average earning assets
  • $11,759Average equity
  • $90,965Average loans

List of branches

  • 3 New Jersey Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    042960Gibraltar Bank5527 Berkshire Valley Road, Oak Ridge, NJ 7438January 01, 1909Full Service Brick and Mortar
    22787381039 So Orange Ave Branch1039 South Orange Ave., Newark, NJ 7106January 01, 1909Full Service Brick and Mortar
    32787392 Railroad Plaza Branch2 Railroad Plaza, Whippany, NJ 7981January 01, 1909Full Service Brick and Mortar

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