Metropolitan State Bank in Montville, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 28, 2000

  • Metropolitan State Bank in Montville, New Jersey (NJ)
  • Show street view No street view available for this location

Metropolitan State Bank - Overview

  • General
  • FDIC Certificate #: 27260
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Lakeland Bank (#19953)
    Federal Reserve ID: 1192199
    Date Established: June 04, 1988
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 9937
    FDIC's unique #: 39359
    Numeric code: 21
    Regulator: FDIC
    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: June 04, 1988
    Last Structure Change Effective Date: January 28, 2000
    Last Structure Change Process Date: March 21, 2000
    Last Data Update: March 21, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 166 Changebridge Road, Montville, NJ 7045
    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: $112.2 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
  • 38Total employees (full-time equivalent)
  • $112,232Total assets
  • $3,822Cash and due from depository institutions
  • $216Interest-bearing balances
  • $35,148Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $68,846Net loans & leases
  • $751Loan loss allowance
  • $0Trading account assets
  • $2,365Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,051All other assets
  • $112,232Total liabilities and capital
  • $104,240Total liabilities
  • $90,886Total deposits
  • $65,996Interest-bearing deposits
  • $90,886Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $11,534Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,000Other borrowed funds
  • $0Subordinated debt
  • $820All other liabilities
  • $7,992Total equity capital
  • $7,992Total bank equity capital
  • $7,992Perpetual preferred stock
  • $0Common stock
  • $3,349Surplus
  • $5,299Undivided profits
  • Memoranda
  • $-656Noncurrent loans and leases
  • $16,386Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,449Earning assets
  • $0Long-term assets (5+ years)
  • $398Average Assets, year-to-date
  • $104,210Average Assets, quarterly
  • $60,870Volatile liabilities
  • $108,929Insider loans
  • $113,208FHLB advances
  • $23,410Loans and leases held for sale
  • $2,935Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $16,386Total unused commitments
  • $0Restructured Loans and leases
  • $751Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $7,265Total interest income
  • $2,981Total interest expense
  • $4,284Net interest income
  • $556Provision for loan and lease losses
  • $776Total noninterest income
  • $0Fiduciary activities
  • $361Service charges on deposit accounts
  • $0Trading account gains & fees
  • $415Additional noninterest income
  • $3,693Total noninterest expense
  • $1,965Salaries and employee benefits
  • $403Premises and equipment expense
  • $1,325Additional noninterest expense
  • $811Pre-tax net operating income
  • $19Securities gains (losses)
  • $15Applicable income taxes
  • $815Income before extraordinary items
  • $0Extraordinary gains - net
  • $815Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $502Sale, conversion, retirement of capital stock, net
  • $254Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.30%Yield on earning assets
  • 3.00%Cost of funding earning assets
  • 4.31%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 3.71%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.75%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 9.84%Return on equity (ROE)
  • 6.77%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 110.76%Credit loss provision to net charge-offs
  • 2.72%Efficiency ratio
  • 72,984Assets per employee
  • 2.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 31.17%Loss allowance to loans
  • 1.08%Loss allowance to noncurrent loans
  • 30.67%Noncurrent assets plus other real estate owned to assets
  • 2.18%Noncurrent loans to loans
  • 3.52%Net loans and leases to deposits
  • 75.75%Net loans and leases to core deposits
  • 87.14%Equity capital to assets
  • 7.12%Core capital (leverage) ratio
  • 7.74%Tier 1 risk-based capital ratio
  • 12.24%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $108,929Average earning assets
  • $8,285Average equity
  • $99,489Average loans

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