Growth Bank in Basking Ridge, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 12, 1996

  • Growth Bank in Basking Ridge, New Jersey (NJ)
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Growth Bank - Overview

  • General
  • FDIC Certificate #: 32771
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Hudson United Bank (#12256)
    Federal Reserve ID: 1439214
    Date Established: Febuary 12, 1990
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 45649
    Numeric code: 13
    Regulator: FED
    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: Febuary 12, 1990
    Last Structure Change Effective Date: January 12, 1996
    Last Structure Change Process Date: April 04, 1996
    Last Data Update: April 04, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 1500 Route 202, Basking Ridge, NJ 7920
    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)
  • Financial Summary
  • Total assets: $125.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $42Total assets
  • $125,198Cash and due from depository institutions
  • $4,121Interest-bearing balances
  • $0Securities
  • $12,477Federal funds sold & reverse repurchase agreements
  • $3,000Net loans & leases
  • $100,323Loan loss allowance
  • $1,739Trading account assets
  • $0Bank premises and fixed assets
  • $2,313Other real estate owned
  • $1,625Goodwill and other intangibles
  • $1,339Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $125,198Total liabilities
  • $114,065Total deposits
  • $111,631Interest-bearing deposits
  • $91,253Deposits held in domestic offices
  • 111631.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $2,434Total equity capital
  • $2,434Total bank equity capital
  • $11,133Perpetual preferred stock
  • $0Common stock
  • $4,500Surplus
  • $7,500Undivided profits
  • Memoranda
  • $-867Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,097Income earned, not collected on loans
  • $598Earning assets
  • $115,800Long-term assets (5+ years)
  • $30,095Average Assets, year-to-date
  • $120,890Average Assets, quarterly
  • $125,327Volatile liabilities
  • $7,488Insider loans
  • $3,781FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $15,314Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $11,219Total risk weighted assets
  • $101,638Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,671Total interest expense
  • $3,829Net interest income
  • $5,842Provision for loan and lease losses
  • $625Total noninterest income
  • $362Fiduciary activities
  • $0Service charges on deposit accounts
  • $217Trading account gains & fees
  • $0Additional noninterest income
  • $145Total noninterest expense
  • $5,072Salaries and employee benefits
  • $2,209Premises and equipment expense
  • $845Additional noninterest expense
  • $2,018Pre-tax net operating income
  • $507Securities gains (losses)
  • -$11Applicable income taxes
  • $379Income before extraordinary items
  • $117Extraordinary gains - net
  • $0Net income attributable to bank
  • $117Net charge-offs
  • $314Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.55%Cost of funding earning assets
  • 3.39%Net interest margin
  • 5.16%Noninterest income to earning assets
  • 0.32%Noninterest expense to earning assets
  • 4.48%Net operating income to assets
  • 0.10%Return on assets (ROA)
  • 0.10%Pretax return on assets
  • 0.41%Return on equity (ROE)
  • 1.05%Retained earnings to average equity (YTD only)
  • 1.05%Net charge-offs to loans
  • 0.34%Credit loss provision to net charge-offs
  • 199.04%Efficiency ratio
  • 81,754Assets per employee
  • 2.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.70%Loss allowance to noncurrent loans
  • 158.52%Noncurrent assets plus other real estate owned to assets
  • 2.17%Noncurrent loans to loans
  • 1.07%Net loans and leases to deposits
  • 89.87%Net loans and leases to core deposits
  • 96.33%Equity capital to assets
  • 8.89%Core capital (leverage) ratio
  • 8.85%Tier 1 risk-based capital ratio
  • 11.04%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $120,890Average earning assets
  • $11,123Average equity
  • $113,115Average loans

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