Jefferson National Bank in Passaic, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 05, 1995

  • Jefferson National Bank in Passaic, New Jersey (NJ)
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Jefferson National Bank - Overview

  • General
  • FDIC Certificate #: 20278
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Hudson United Bank (#12256)
    Federal Reserve ID: 234207
    Date Established: October 09, 1970
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 13953
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: October 09, 1970
    Last Structure Change Effective Date: April 05, 1995
    Last Structure Change Process Date: May 03, 1995
    Last Data Update: May 03, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 155 Jefferson Street, Passaic, NJ 7055
    County: Passaic
    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): Bergen-Passaic, NJ (#875)
    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: $91.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $49Total assets
  • $91,345Cash and due from depository institutions
  • $3,917Interest-bearing balances
  • $50Securities
  • $32,659Federal funds sold & reverse repurchase agreements
  • $9,640Net loans & leases
  • $41,032Loan loss allowance
  • $1,845Trading account assets
  • $0Bank premises and fixed assets
  • $805Other real estate owned
  • $2,207Goodwill and other intangibles
  • $1,085Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $91,345Total liabilities
  • $86,260Total deposits
  • $85,434Interest-bearing deposits
  • $75,184Deposits held in domestic offices
  • 85434.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $826Total equity capital
  • $826Total bank equity capital
  • $5,085Perpetual preferred stock
  • $0Common stock
  • $1,356Surplus
  • $1,474Undivided profits
  • Memoranda
  • $2,255Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,001Income earned, not collected on loans
  • $532Earning assets
  • $83,381Long-term assets (5+ years)
  • $5,084Average Assets, year-to-date
  • $94,726Average Assets, quarterly
  • $91,588Volatile liabilities
  • $1,611Insider loans
  • $955FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,583Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,191Total risk weighted assets
  • $38,489Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,896Total interest expense
  • $2,120Net interest income
  • $3,776Provision for loan and lease losses
  • $425Total noninterest income
  • $485Fiduciary activities
  • $0Service charges on deposit accounts
  • $373Trading account gains & fees
  • $0Additional noninterest income
  • $112Total noninterest expense
  • $4,755Salaries and employee benefits
  • $1,575Premises and equipment expense
  • $433Additional noninterest expense
  • $2,743Pre-tax net operating income
  • -$919Securities gains (losses)
  • $0Applicable income taxes
  • $64Income before extraordinary items
  • -$983Extraordinary gains - net
  • $0Net income attributable to bank
  • -$983Net charge-offs
  • $262Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.90%Cost of funding earning assets
  • 2.48%Net interest margin
  • 4.42%Noninterest income to earning assets
  • 0.57%Noninterest expense to earning assets
  • 5.56%Net operating income to assets
  • -1.04%Return on assets (ROA)
  • -1.04%Pretax return on assets
  • -0.97%Return on equity (ROE)
  • -16.62%Retained earnings to average equity (YTD only)
  • -16.62%Net charge-offs to loans
  • 0.57%Credit loss provision to net charge-offs
  • 162.21%Efficiency ratio
  • 111,594Assets per employee
  • 1.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.30%Loss allowance to noncurrent loans
  • 36.89%Noncurrent assets plus other real estate owned to assets
  • 7.89%Noncurrent loans to loans
  • 11.66%Net loans and leases to deposits
  • 48.03%Net loans and leases to core deposits
  • 48.95%Equity capital to assets
  • 5.57%Core capital (leverage) ratio
  • 5.57%Tier 1 risk-based capital ratio
  • 13.49%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $94,726Average earning assets
  • $5,915Average equity
  • $85,454Average loans

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