NorCrown Bank in Livingston, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 03, 2005

  • NorCrown Bank in Livingston, New Jersey (NJ)
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NorCrown Bank - Overview

  • General
  • FDIC Certificate #: 26267
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Valley National Bank (#9396)
    Federal Reserve ID: 172000
    Date Established: June 10, 1985
    WWW: http://www.norcrownbanknj.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 15 (Interstate: No)
    FDIC's unique #: 32628
    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 10, 1985
    Last Structure Change Effective Date: June 03, 2005
    Last Structure Change Process Date: June 13, 2005
    Last Data Update: June 13, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 66 West Mount Pleasant Avenue, Livingston, NJ 7039
    County: Essex
    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: $618.8 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, 2004)

  • Dollar figures in thousands
  • 124Total employees (full-time equivalent)
  • $633,944Total assets
  • $46,200Cash and due from depository institutions
  • $33,489Interest-bearing balances
  • $37,906Securities
  • $94,000Federal funds sold & reverse repurchase agreements
  • $442,172Net loans & leases
  • $5,996Loan loss allowance
  • $0Trading account assets
  • $5,014Bank premises and fixed assets
  • $0Other real estate owned
  • $760Goodwill and other intangibles
  • $0Life insurance assets
  • $7,892All other assets
  • $633,944Total liabilities and capital
  • $586,680Total liabilities
  • $550,015Total deposits
  • $434,109Interest-bearing deposits
  • $550,015Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $6,592Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $28,000Other borrowed funds
  • $0Subordinated debt
  • $2,073All other liabilities
  • $47,264Total equity capital
  • $47,264Total bank equity capital
  • $47,264Perpetual preferred stock
  • $0Common stock
  • $10,500Surplus
  • $16,394Undivided profits
  • Memoranda
  • $20,370Noncurrent loans and leases
  • $86,464Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,649Earning assets
  • $0Long-term assets (5+ years)
  • $2,248Average Assets, year-to-date
  • $607,567Average Assets, quarterly
  • $144,306Volatile liabilities
  • $615,715Insider loans
  • $618,784FHLB advances
  • $86,113Loans and leases held for sale
  • $436Unused loan commitments
  • $28,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $86,464Total unused commitments
  • $0Restructured Loans and leases
  • $5,102Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $34,847Total interest income
  • $8,852Total interest expense
  • $25,995Net interest income
  • $400Provision for loan and lease losses
  • $1,092Total noninterest income
  • $0Fiduciary activities
  • $726Service charges on deposit accounts
  • $0Trading account gains & fees
  • $366Additional noninterest income
  • $18,018Total noninterest expense
  • $7,584Salaries and employee benefits
  • $3,257Premises and equipment expense
  • $7,177Additional noninterest expense
  • $8,669Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,400Applicable income taxes
  • $5,269Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,269Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $166Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.96%Yield on earning assets
  • 1.51%Cost of funding earning assets
  • 4.45%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 3.08%Noninterest expense to earning assets
  • 0.86%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 11.75%Return on equity (ROE)
  • 11.75%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 240.96%Credit loss provision to net charge-offs
  • 54.63%Efficiency ratio
  • 66,519Assets per employee
  • 5.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 363.61%Noncurrent assets plus other real estate owned to assets
  • 0.26%Noncurrent loans to loans
  • 0.37%Net loans and leases to deposits
  • 80.39%Net loans and leases to core deposits
  • 90.89%Equity capital to assets
  • 7.46%Core capital (leverage) ratio
  • 7.62%Tier 1 risk-based capital ratio
  • 11.42%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $615,715Average earning assets
  • $44,838Average equity
  • $584,699Average loans

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